Savings

Where might you keep your money if you don't use a bank?

• In a piggy bank

• In a wallet

• In a bank

• In a safe

Why is a bank considered a safer place for your money?

• Because it is always open

• Because it is protected from theft

• Because it has more money

• Because it is closer to home

How can keeping money in a bank help you spend less?

• By making it harder to access

• By giving you more money

• By losing your money

• By making you spend more

What is interest in the context of a bank?

• A fee you pay to the bank

• A payment from the bank for your savings

• A type of bank account

• A loan from the bank

If you have $100 in a savings account with 1% interest, how much will you earn in a year?

• $1

• $0.50

• $5

• $10