Business Daily Media

The Times

.

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

Why self-service is reshaping fleet management for modern businesses

Fleet management today is constrained by fragmented systems and heavy administrative demands. A lot of the work still relies on booking vehicles and...

Fraud Prevention and security crucial as identity crime hits record highs in Australia

In a radically transformed risk landscape where the scale and speed of financial fraud have reached unprecedented levels, Australian businesses ar...

Sectorial ATO Tax Debt Disclosures Rise, Overall Business Credit Demand Flattens and High-Risk SME 'Credit Shopping' hits 8-month peak

Q1 2026 Equifax Business Market Pulse shows low-risk borrowers consolidate demand enquiries while sub-prime entities accelerate shopping activity ...

SME support in Federal Budget falls short of easing business pressures

“The Federal Budget delivered several measures aimed at supporting small businesses, including making the instant asset write-off permanent, exten...

Bunji dog treats to hit Ritchies shelves

Cooee Native Superfoods’ Bunji range of dog kibble and treats is rolling out across Ritchies Supermarkets now, with stock already on shelves in se...

Pre-Budget Expectations

“Australian corporates and SMBs are under pressure. Competition from global players is intensifying, margins are under strain, and technology adop...