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Community


Share knowledge. Ask questions. Find answers.

Community

A one-stop forum for all your banking questions

Lending and borrowing

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Ihatebanks
New Contributor
Hello,

Today I was wondering something that I found quite strange so I thought to ask a bank.

Why is it that when I borrow money from a bank such as this on the interest rate is higher than if you lend money from me? Essentially if I deposit money into an account at a bank that bank is then lending money from me but I don't get the same interest rates they charge me when I borrow money from them. Why?
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John1PaulThorn
New Contributor
I would like to lend money
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John1PaulThorn
New Contributor
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