Question

Banks charge a higher interest on loans than what they offer on ________ .​

Answer 1

$\huge\tt\purple{Answer}$

Banks charge a higher interest rate on loans than what they offer on deposits. They do so to make profit. ... In order to garner funds for loan, the bank provides attractive interest rates to the depositors which is higher than the savings account interest.

$\huge\tt\purple{thnks}$

Answer 2

Explanation:

Bank charge a higher interest on loan than what they offer on *deposit*