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I'd argue that the main point of banks is that they protect your money from theft. Given that most people who use banks are poor and don't actually receive any
by paulluuk 5y ago
I'd argue that the main point of banks is that they protect your money from theft. Given that most people who use banks are poor and don't actually receive any significant interest.
- selfhoster11 5y agoThey don't receive significant interest because banks choose not to share any interest with the end customer. Easy access savings rates have been sub-1% for so long in the UK that customers have instead turned to exploiting introductory offers on current accounts.