Viewing a single comment thread. View all comments

segelnhoch3 t1_jabxb78 wrote

Reply to comment by zmz2 in ELI5 How do banks work? by RussianPremier

These rates change over the years, but interest rates change with them. So if your bank gives 4% interest on savings, their loans probably have an interest >6-7%. Still, the 0,01% are a rather extreme example.

3