5 ms·
They seem to be getting some profit by keeping YOUR money on their accounts.
by skeeper 10y ago
They seem to be getting some profit by keeping YOUR money on their accounts.
- mooreds 10y agoIt's called "float"--all kinds of companies use it. More here: http://www.fool.com/personal-finance/insurance/2006/12/05/insurance-industry-basics-float.aspx http://www.fool.com/personal-finance/insurance/2006/12/05/in...
- skeeper 10y agoThanks. I learned another cool jargon. Whatever "floats" their boat, I guess!