how much interest do bank accounts pay 
the amount of interest paid by bank accounts will widely vary based on prevailing government rates and macroeconomic conditions for example during the covid 19 pandemic while the federal funds rate was low interest rates on bank accounts was near 0 then as the pandemic eased bank accounts began paying interest greater than 2 on bank deposits the bottom lineinterest is a critical part of our high functioning society by allowing individuals to borrower and lend money society has greater economic prosperity by encouraging spending as a result capital likely does not sit around idly it is borrowed by some and lent by others through the payment of interest individuals are encouraged to always be putting money to use 