Question

Does your deposited money grow in the bank? How?​

Answer 1

Answer:

usually takes about two business days for a deposited check to clear, but it can take a little longer—about five business days—for the bank to receive the funds. How long it takes a check to clear depends on the amount of the check, your relationship with the bank, and the standing of the payer's account.The balance in your savings account earns interest because the bank uses your money to fund loans to other people. In other words, the bank pays you to use your money. The interest you receive from your savings account balance usually is compounded daily.

Answer 2

Answer:

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Step-by-step explanation:

All banks have savings plans where your money can earn interest and be safe. Savings accounts are the most common type of accounts in the U.S. You can open a savings account without a minimum initial deposit and for as little as $25.