Depends how rich. Banks have long been known to offer below market or even zero interest loans to the richer segments in exchange for/in the hope of securing other business from them.
I.e. they'll be paying the market rate one way or another.
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Funded, effectively, by you and me, subsidizing this as customers of the same financial institution.
Depends how rich. Banks have long been known to offer below market or even zero interest loans to the richer segments in exchange for/in the hope of securing other business from them.