5.Banks and Savings Flashcards
1
Q
Understanding Banks
A
-Banks are places where we can keep our money safe.
-They help us save and manage our money.
2
Q
Benefits of Saving in Banks
A
-Banks pay interest on the money we save.
-It helps our money grow over time.
3
Q
Opening a Savings Account
A
-We can open a savings account at a bank to keep our money safe.
-Ask an adult to help open a savings account.
4
Q
Saving for Goals
A
-Use a savings account to save money for big goals.
-Regularly deposit money into your savings account.
5
Q
Money Safety
A
-Banks have security to keep our money safe.
-It’s safer to keep money in a bank than at home.
