You can earn interest.
by making money on the interest that they charge on loans and credit products.
Interest rate
They can earn interest on the cash if it is invested.
It depends on the interest rate and what sort of savings you put the money into.
No. Money deposited in checking/current accounts do not earn any interest.
interest
You can earn interest.
You earn an interest by depositing your money with the bank either in your savings account or through a fixed deposit. The bank grants loans to other customers and earns an interest out of it. Since it is your money they are using to give off loans, they share a portion of the profit they earn with you by means of an interest that gets paid out to the deposit customers.
by making money on the interest that they charge on loans and credit products.
Interest rate
Interest rate
They can earn interest on the cash if it is invested.
They can earn interest on the cash if it is invested.
The answer depends on the rate of interest for sums of money of that magnitude.
The cost of borrowing money is called interest.
Income is money coming in; it could be wages or capital gains, or interest on money invested. Interest is a percentage of money owed added to your bill when borrowing money, or the amount that you earn on money invested.