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What do banks do with some of the profits they make by loaning out the money in their customers saving account?
Wiki User
∙ 6y ago
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
Denis Block
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What do banks do with some of the profits they make loaning out the money in their customers saving accounts?
pay interest on savings accounts
What services would a Savings Bank provide?
Saving Bank undertakes a financial identity and provides their customers saving account. The bank also help their customers in retirement and loans. They also help their customers about how to menage their accounts.
What kind of investment is a savings account with an insurance company?
Insurance companies provide only life insurance facilities to its customers. They do not provide savings accounts facilities to customers. Only banks can provide saving accounts to customers and not insurance companies.
What is the benefit of opening a student savings account?
There are a number of benefits of opening a student saving account. Student saving accounts often have very good interest rates and good introductory gifts. This is because banks want to get customers when that are young as they will often be loyal for life.
What is a banks customer's share of the profit made on loans?
The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.
What do banks do with some of the profits they make loaning out the money in their customers saving accounts?
pay interest on savings accounts
What services would a Savings Bank provide?
Saving Bank undertakes a financial identity and provides their customers saving account. The bank also help their customers in retirement and loans. They also help their customers about how to menage their accounts.
What do banks do with some of the profits they make by loaning out the money in their customer saving accounts?
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
Construct an ER diagram for a bank database that sHow is the basic relationship among customers checking account saving account loans and bank branches where various accounts and loans are?
no
What kind of investment is a savings account with an insurance company?
Insurance companies provide only life insurance facilities to its customers. They do not provide savings accounts facilities to customers. Only banks can provide saving accounts to customers and not insurance companies.
What is the benefit of opening a student savings account?
There are a number of benefits of opening a student saving account. Student saving accounts often have very good interest rates and good introductory gifts. This is because banks want to get customers when that are young as they will often be loyal for life.
Why is a saving account is important?
A savings account helps a bank customer to set aside money for their long-term goals. It helps with budgeting, and banks give interest in order to encourage saving.
What is the Features of saving account?
Some features of a savings account include, the ability to draw interest, overdraft protection and the requirement for minimum deposits. Most banks offer savings deposits for their customers.
What is a banks customer's share of the profit made on loans?
The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.
What are the types of bank accounts in Pakistan?
1.fixed deposit account 2.saving account 3.current account 4.home saving account 5.family saving account
What services are offered at Astoria Federal Savings Bank?
The Astoria Federal Savings Bank offer a large amount of services that any other bank offers. However, this particular company specializes in helping their customers with saving their own money as well as loaning from others.
What is Free account?
My saving account
