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What happiends some of the interest that a bank collects on its loans?
Wiki User
∙ 13y ago
it is used to pay back intrest on your savings account
Wiki User
∙ 13y ago
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What was one thing the farmer's alliance worked for?
Lower interest on bank What_was_one_thing_the_farmers_alliance_worked_for- Novanet sucks!
What is the bank customer shares of the profit made of loans?
Savings account interest and all other forms of interest earned on deposits with a bank is a person's share of the bank's profit made on loans.
Who offers low-interest loans to developing nations?
The world bank offers low interest loans to developing nations.
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 good interest rates for bank loans in 2013?
What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.
What bank has the lowest interest rates for personal loans and auto loans?
Most are about the same but avoid wells fargo and citi bank
What is bank customers share of the profits made on loans?
Savings account interest is the bank customer's share of the profits made on loans.
Most of the bank income comes from charged on loans?
interest
Does chase bank compound interest on business loans?
yes
What do indirect automobile loans involve?
the dealer collects the required information from the consumer and furnishes it to the bank. The bank then either accepts or rejects the applicant. Usually the dealer packages the loans in bundles and sells them
What was one thing farmers alliance worked for?
Lower interest on bank What_was_one_thing_the_farmers_alliance_worked_for- Novanet sucks!
Why do banks pay their customers interest on the money in their accounts?
That money earns interest when the bank loans it out.
