When you deposit your hard-earned cash, you are actually lending it to the bank. Yes, your money is now theirs to use. They might pay you a small interest. 7%, 5%, or sometimes even less but that’s just a token.

The bank takes your money and lends it to big companies like BUA at 18%, or to ordinary people at almost 30%. That difference between what they charge minus what they pay you is called Net Interest Income. That’s their profit. To read more Click here.