Your bank is lying to you | Interest Rates | Decentralised Financing

Your bank is lying to you | Interest Rates | Decentralised Financing

The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. An interest rate can also apply to the amount earned at a bank or credit union from a savings account or certificate of deposit (CD). Banks are one of the traditional systems and the interest charge benefits the retail banks, brokerages etc.

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