The bank uses your money to make more money. You are loaning your money to the bank when you save your money. The bank gives you interest for using your money.
Many people get loans from the bank.
If they want to buy something, like a house, a car, or to pay for college, they tell the bank what they want to buy, and the bank gives them the sum of money they need. But, it's not yours to keep when you borrow money from the bank. You have to pay back the money you borrow, plus interest. The interest rate is a little higher than the interest rate you get when you make a deposit. Click on the arrow below to see some of our favorite bank links.