In article >,
says...
>
> On 1/6/2016 8:46 AM, 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 :-)
> >
> >
> > Janet UK
> >
> >
> >
> Sure they do, but after they take a cut of it.

However, I AM still earning interest; I don't lend the bank my money
interest free, as claimed by the previous poster.


They give you interest
> to entice you to let them use your money. Simple how it works. You
> deposit $100. They take your money and lend it to someone else and take
> back in $105. The give you one and keep four.

Wrong. I already posted the 5% interest available on UK current
accounts and either, you can't read or you can't take it in. Just one
example:

http://www.moneysupermarket.com/curr...interest-bank-
accounts/

> Buy lunch and use your debit or credit card and you give them another
> few shillings.

I pay exactly the same price as cash. I pay no charges whatever for
the use of my DD or credit cards. This is not the USA.

Janet UK