Personal Finance

Why Does The Bank Want Higher Deposits?


The bank want higher deposits because your money is lent out to others.

Loans earn the bank anywhere between 10% to 18% while you get around 4% interest on your savings deposit.

The difference between what you get and what the bank earns, minus costs, is the Bank’s profit.

Food for thought:

Is it a wise conclusion to put your money in a bank?



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