If I leave $1000 in a checking account, and $2000 in a savings account, how does the bank make money on my deposits?

Similar questions: leave $1000 checking account $2000 savings bank make money deposits.

The bank uses that money to cover loans it has issued; which recieve higher interest than what the bank is paying you to let them hang on to your money for you.

The bank makes money just as TLW said, but they follow the four rules of financial institutions.1. They want us to give them our money.2. They want us to give them our money on an ongoing basis.(Direct deposit of our paycheck)3.

They want to hold it for a long period of time. (Interest penalty for early withdrawal of a CD. Some banks only allow three withdrawals a month from a money market account.)4.

They want to give as little as possible back.(As TLW said, they loan the money to other customers at 3% to 6% interest on car and home loans and 12% to 18% or higher on a credit card, and pay us 1% on the our deposits. When someone asked Jesse James why he robbed banks, he said, "because that is where all the money is." .

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Okkkkkk. So, one of the financial institutions I use offers a savings account and various CDs...

How do I do a ach credit bank transfer from my checking account to my prepaid visa account instantly online.

If I go into foreclosure does it affect my bank checking/savings account and I have a $5000 CD can they freeze or take $.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.