Question : How do banks make money from savings accounts?
How does a bank make money just from someone depositing money. Especially if they are giving interest as well? Whats in it for the bank? Surely they are losing money from offering savings accounts
savings accounts

Best answer:

Answer by Emily E
You give you bank your money, they give you pennies to let them use it. They loan your money out to people buying homes and cars and charge them a crap load to use. And thats how they make money. Of course, they take on all the risk as they gave your money to someone else, but they still have to pay you back!!