+- Business, Investment, & Insurance Forum (https://investmentforums.net)
+-- Forum: Personal Finance Forums (https://investmentforums.net/forumdisplay.php?fid=23)
+--- Forum: Generating Income (https://investmentforums.net/forumdisplay.php?fid=24)
+--- Thread: Money deposit (/showthread.php?tid=367)
Money deposit - The Raven - 11-02-2023
Have you ever decided to deposit your money and generate an income on year basis? It is a long waiting time but it is a sure profit. The concept of this is very simple. In order for banks to give loans to others, they need money. So, when people deposit money there, bank promises to give them small percentage more after a year while they use that money to give loans to other people. Of course, the percentage they take from other people is 20% or less which is insane income.
Now, that is not important for you, what matter is your deposit money. More you give, more you get because it is based on percentage. Thoughts on this?
RE: Money deposit - Ja sa bong - 11-05-2023
No, I've never felt the need to make money through the interest my bank pay on deposits. They are very shall to worth anything. It's a total waste of time trying to make money through this method.