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Depends on the interest rate, how often interest is being compounded, and the length of time that the investment is left in the bank.
70000 pounds .
Technically, the best interest rate is 0% interest but since no bank offers this the bank's best interest rate is 2.6%. Make sure to compare different bank rates before applying for a loan.
By paying out less in interest on deposits than it earns in interest on loans
By paying out less in interest on deposits than it earns in interest on loans
Depends on the interest rate, how often interest is being compounded, and the length of time that the investment is left in the bank.
You didn't tell us what the interest rate at your bank is, so we can't determine that answer.
70000 pounds .
on average £312.00 per day...!
Arbitrage OpportunityArbitrage opportunity is any situation in which it is possible to make a profit without taking any risk or making any investment. The arbitrage opportunity that is available is to borrow from the bank with 5.5 percent interest and deposit it in the one with 6 percent interest. And this would happen: While the bank with 5.5 interest would experience a demand for loans, the bank with 6 percent interest would experience a surge in deposits. As a result, the interest rate at the first bank would increase while the interest rate at the second bank would decrease.
It depends on the interest rates. Check online or with your local bank.
Depends on how much you have in the bank. I make 3k with 70k in the bank in like 4 days. The more money you have in the bank the more interest you get.
Technically, the best interest rate is 0% interest but since no bank offers this the bank's best interest rate is 2.6%. Make sure to compare different bank rates before applying for a loan.
well it depends on how long you keep that million dollars in the bank if you kept it in the bank for 3 days you would have one more dollar than you did
I think about £600.00 per day
No. That would constitute a classic conflict of interest and self dealing.
By paying out less in interest on deposits than it earns in interest on loans