On Wednesday, January 6, 2016 at 8:46:43 AM UTC-5, Janet wrote:
> In article >,
> says...
> >
> > On Tue, 5 Jan 2016 20:30:47 -0000, Janet > wrote:
> >
> > snip
> > >
> > > But not evenly. I am a bank customer who pays no banking costs or
> > >charges of any kind for the services I use.
> > >
> > > Other customers do, the ones who pay interest on bank loans and over
> > >drafts, and run up huge CC debts at awful interest rates. They are
> > >subsidising me.
> > >
> > > Janet UK
> >
> > Generally that privilege is offered to customers who maintain a
> > certain balance with the bank. Your payment for services is
> > essentially lending the bank your money, interest free.
>
> Er, no. The bank pays interest to ME :-)

Sure, but it's probably a trifling amount compared to what they
earn by loaning your money out.

Savings accounts in the U.S. are currently paying an average of
0.48% and checking accounts (if they pay interest at all) are
paying 0.41%. Hope you're doing better over there.

Cindy Hamilton