money to account holders? who have a savings account. I am looking for a loan and would like to use my savings account as collateral. Basically having it "frozen" and having the money loaned out to me an paid back while my money sits there as the collateral. I think this is a good idea cause I would earn a payment history with the bank or credit union as i repay the loan and they are guaranteed no loss if in the event I were to default on the loan. Sure I would pay interest but at the same time I would earn interest on the money i still have in savings correct? Has anyone heard of banks doing this for their customers?
Simple question, Do financial institutions such as banks or credit unions loan
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