T
thesmiler
Guest
Hi!
One question I never found an answer to:
Why do regular saving accounts have a higher interest rates with most bank then on-demand or fixed-term accounts?
Is it a loss-leader to get money into the bank or is there some other reason why banks would pay a much higher interest to one product than to the others (especially since at least limited amount of withdrawals are allowed with most products)?
One question I never found an answer to:
Why do regular saving accounts have a higher interest rates with most bank then on-demand or fixed-term accounts?
Is it a loss-leader to get money into the bank or is there some other reason why banks would pay a much higher interest to one product than to the others (especially since at least limited amount of withdrawals are allowed with most products)?