Bank accounts

The BEST place to store money in your home would be?

• In a lockable box
• Under the mattress
• Under the floorboards
• In your back pocket
• In a piggy bank

Why is storing money in your house a bad idea?

• You can access it instantly
• You don't have to give notice to withdraw it.
• It could burn down or you forget about where you hid it.

If you are carrying cash where should you store it?

• In your pencil case
• In a purse or wallet
• Rolled into a neat wad

What should you do when using cash for buying items?

• Pay in smaller denominations.
• Throw away your receipt.
• Check your change.

Where is a safe place to store your money?

• Bank, building society or credit union.
• A bank in Iceland.
• A Christmas hamper company.
• A piggy bank

Banks store money and lend money. True or false?

• true
• false

Savers earn interest. True or false?

• true
• false

Borrowers pay interest on their loans. True or false?

• true
• false

Building societies work like banks but they share their profits with the account holders. True or false?

• true
• false

A bank sort code identifies what about a bank?

• The twitter feed
• The name and branch
• The telephone number