Why do banks generally offer higher interest rates to personal customers than to business accounts?

Asked Feb 9, 2012· 1 answer
Faisal KhanAnswered Feb 9, 2012
Actually, a business customer is more economical to deal with on a floor cost basis, than a non-business customer. The reasons (IMHO) banks pay more attention to personal customers is the ability to cross-up / up-sell products, specifically loans, credit cards, and other products that would increase the bottomline of the bank via loaning money or by gaining additional deposits.
BanksRetail BankingCommercial Banking
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