Petition updateAsk Banks to Change from Compound Interest Loans to Simple Interest LoansAn Expanded Role for Banks

Kevin CoxCanberra, Australia

Jul 28, 2024
If Banks use simple interest, they become more attractive to people seeking funds and to people with savings to invest. Banks can increase investors' deposit rates by sharing some of the simple interest savings with depositors by increasing the interest rates.
Support now
Sign this petition
Copy link
WhatsApp
Facebook
Nextdoor
Email
X