Business Daily Media

Men's Weekly

.

why do you get interest payments when you have a bank account?

  • Written by Shampa Roy-Mukherjee, Vice Dean and Associate Professor in Economics, University of East London
why do you get interest payments when you have a bank account?Andrii Iemelianenko/Shutterstock

Why do you get money back when you have a bank account? – Grace, aged nine, Belfast, Northern Ireland

A bank is a place where people go to either borrow money or save the extra money they have. If you’ve got money to save, there’s a reason why it’s better to put it in a bank account than to...

More Articles ...

  1. How valuable is Elon Musk’s ‘charismatic’ leadership? That’s the 56 billion dollar question
  2. Female food-delivery riders in China were recently falsely accused of selling sex – here’s what it tells us about women in the workplace
  3. Sexism permeates every layer of the music industry – new report echoes what research has been saying for years
  4. Premier League transfer spending has plummeted in January 2024 – an expert explains why belts have been tightened
  5. Four reforms to stop English councils from going bankrupt
  6. Some EU countries use the eurozone as a credit card, with Germany picking up the tab – new research
  7. What would Carl Jung tell you to do with your spreadsheet of life goals? Throw it away and embrace the feminine
  8. testing new products in holiday homes could be a win for local brands and cautious customers
  9. Could taxing land more than income fix the UK housing crisis?
  10. how a different approach could ease the burden of the cost of living crisis

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Led by seasoned capital markets veteran Mark Wang, the fund is purpose-built to serve Australia’s most productive yet chronically underserved busi...

Global Thryv voices bring a sharper lens to International Women’s Day

Thryv® (NASDAQ: THRY), ANZ’s leading AI-enabled small business marketing software platform provider, marks International Women’s Day (IWD) with a bu...

AI curiosity fuels new wave of employee-led innovation in Australia

Leaders across Australia are asking themselves how they can ensure their employees get the most out of AI. We recently conducted research to help an...

Is your search bar your competitor’s best salesperson?

A few weeks ago, I was watching the Super Bowl. Traditionally, those halftime ad spots are reserved for the world’s biggest, most established bran...

AIIMS Group and AdVisible merge

Two of Australia’s most established independent agencies unite, creating marketing powerhouse backed by three decades of combined experience     ...

Block's layoffs are a design win. Here's why

We spend millions designing features that save users 30 seconds. Block just saved thousands of employees 40 hours a week. That's not a crisis. That's...