When you deposit funds in a savings account, the b... @Klaytn_EN

Asked 1050 days ago
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When you deposit funds in a savings account, the bank takes that money and typically lends it out to others. In return for locking up that money with the bank, you receive a portion of the interest earned from lending.

asked 1050 days ago

2 Answers

The process of depositing money into a savings account is a great way to earn a portion of the interest that the bank earns from lending out the money. When you deposit funds into a savings account, the bank takes that money and typically lends it out to others. In return for locking up that money with the bank, you receive a portion of the interest earned from lending. This is similar to staking, where you put money into an account and receive a return based on the interest earned. This is a great way to make your money work for you, and it is a secure way to save and grow your money over time.
answered 1050 days ago
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That's really nice I must say
answered 1050 days ago
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Yea that's right, however this is just some percentage for saving and allowing the banks to use them that's almost same thing that happens when staking 🤩
answered 1050 days ago

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