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25 December, 21:48

Why do banks charge more interest on loans than they give on saving accounts?

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Answers (2)
  1. 25 December, 22:07
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    Simply to make more money
  2. 25 December, 23:33
    0
    Because that's how they making their money, from high interest loan.

    and they take the money from saving accounts to loan to those in needs. With conditions that they will pay off debt and they fill it back in the saving accounts and take out the interest as the bank's profit. Not clear? let me know
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