Whats in it for banks when you start a savings account?
What benefit does a bank get from people putting Savings Accounts in their bank. I mean they reward you with interest, but why give you free money. whats in it for them?
bank best answer:
Answer by feanor
They lend your money out at a higher interest rate...
That's why in the crash in 1929 there was a run at the bank...
Many banks had to shut down...
Watch "It's a Wonderful Life", at the beginning just as George was to go on his honeymoon, the savings and loan had almost all the people looking for their money.
bank
Washington DC: National Bank of Washington
Image by wallyg
The former National Bank of Washington, also known as the Federal-American National Bank or the Hamilton National Bank, at 519 14th Street, was built in 1926 to the design of Jules Henri de Sibour. It is the planned location of the Armenian Genocide Museum, purchased for .25 million along with the four adjacent properties for a total of million.
National Register #94001517 (1994)
Orignal From: Whats in it for banks when you start a savings account? and Washington DC: National Bank of Washington
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