101: Under 30 Do | Banks Make How Finance Money Money?
Posted on Wed, 03 Feb 2010 21:03:47 -0500 in Online banking checking savings accounts
Have you ever wondered why your checking account is free? Obviously, it's not because your bank is feeling charitable. Big banks make big money. The kind of. ... Remember those days when ING Direct and other high yield savings accounts offered interest rates of five percent or more? I used to stash cash into those accounts like crazy and think: “How could banks be handing out money like that?” It all ties back to the fundamental way banks make money: Banks use depositors' ... Send and Receive money with confidence
Tags: Online banking checking savings accounts