Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

How does a savings account benefit the bank

Sagot :

kaylarowland86

Answer:

Having a strong base of savings account deposits is critical for a bank to remain solvent and profitable. Banks use that money to lend to borrowers, who then pay interest on their loans. After paying for various costs, banks pay money on savings deposits to attract new savers and keep the ones they have.

Explanation:

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.