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My interest rate is maybe 0.3%, so they're definitely making money on that. But that's not a "fee." Obviously banks cover their operating expenses somehow. Tha
by morgante 10y ago
My interest rate is maybe 0.3%, so they're definitely making money on that.
But that's not a "fee." Obviously banks cover their operating expenses somehow. That doesn't mean they charge me to have an account or to deposit cash (in fact, charging for deposits would be counterproductive).
- dogma1138 10y agoThey do it directly or indirectly, I don't know how US banks works but usually over the world bank accounts vary accounts with no/low fees give low interest and vice versa.