Personal Financial Literacy - Vocabulary

A bank account in which the money deposited earns interest, allowing for more money in the future than originally deposited.

A business where people deposit and withdraw their money and borrow money.

The amount of money available in an account for a person, business, or organization to spend.

Money taken OUT of an account.

Money moved from one account to another account.

Money added INTO an account.

The money earned on a savings account or paid on a loan, usually expressed as a percentage.

A card that allows you to withdraw money directly from your bank account.

A card that allows you to borrow money from a bank to make purchases, which you must pay back later.

Money borrowed that must be paid back with interest.