does the bank pay you for making a savings account?
<answer> Yes <context> Let's say you deposit your money in a savings account. The bank will pay you for every dollar you keep in your savings account. The money the bank pays you is called interest. How much the bank pays can change from month to month.The amount the bank pays is talked about as a percentage.If the bank is paying 3% interest, the bank will pay you 3¢ for every dollar you deposit in your account.Why does the bank pay you? The bank wants to use your money to make loans – that is, lend people money. People often borrow money from the bank to buy expensive things, like houses and cars.y the end of the year, your neighbor had paid the bank $450 in interest. The bank made $300 by loaning money – even after paying you $150 in interest. So banks make their money by working with both savers and borrowers. Don't worry – whenever you give money to a bank, the federal government insures it.