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what do banks get out of us putting our money into them ?
5 Answers
- Dan BLv 74 years ago
They loan it out at very high interest rates and return a miniscule amount back to the account holders as interest. By miniscule, I mean less than 1/2 of 1%.
- geraldLv 74 years ago
you literally lend them your money and they are entitled to do what they want with it put it on a nag in the 2.30 in 2008 that is exactly what they did and lost billions and all your money was gone so the governments took all our taxes we paid and bailed them out it was billions and billions some of these bankers live luxury lives around the world it didn't cost them a penny the bank was the crook and no one owns the bank you do that is capitalism one of the biggest crimes against humanity was un-punished billions are suffering today austerity caused by this disaster that is the banks the whole truth nothing but the truth LEACHES ON THE HUMAN RACE
- RinkydinkLv 74 years ago
They pay low interest on savings accounts and loan the money for mortgages, car and personal loans etc at high interest rates.
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- Anonymous4 years ago
Here's where YOU live; http://www.whatismyipaddress.com/
That property has a mortgage on it.
The cash that FUNDS that mortgage was provided by a bank, ultimately, who are charged you (or your Mommy & Daddy) a higher rate of interest than the funds your household has "on deposit" is earning you/your Mommy & Daddy....
THAT is "what they get"...