• Commercial Banks

A commercial bank is a financial institution that is geared towards lending money to its customers instead of focusing on raising money. It accepts deposits to personal and corporate accounts and then uses these deposits to finance loans for both businesses and individuals. There are several types of loans which a commercial bank offers.

Piggy Commercial Banks

It can provide funds to allow a customer to purchase personal property like a car or a home. It can also loan funds to a business in order to finance a payroll or to buy operating equipment. A commercial bank also offers a number of savings programs for its customers. These include standard savings accounts, interest bearing checking accounts, certificates of deposit, and others.