Why banks attract deposits: the role of banks in economic system, whether the high interest rates are real. What negative interest rate is and why it appears.
A common answer that comes up first is that banks attract deposits, give loans and earn money from it. It is partially so, but then, why do banks offer different interest rates, which are radically different in different countries? Since recently, there has been a common practice when a depositor pays a fee to a bank for a keeping deposit, and the borrower receives compensation from the bank, rather than repays an interest…
Read full author’s opinion and review in blog of #LiteForex