I used to stash cash into those accounts like crazy and think: “How could banks be handing out money like that?
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Recently, banks are taking a lot of heat for interest rate hikes and fees going out of control.
Giving banks business may seem like putting yourself in harm’s way, but of course, it still beats hiding your money under a mattress.
Obviously, it’s not because your bank is feeling charitable. The kind of money that leads to the obscene Wall Street bonuses we so often hear about.
But banks make money even when they’re not involved in Wall Street’s multinational investment deals and billion-dollar hedge funds.
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