Savings

A ______ account is a great place to store your money so you can continue to grow it and not spend it.

• Checking

• Savings

• 401K

• 503C

You want to make as many _______ as possible with few withdrawls.

• deposits

• withdrawals

• cash

• drops

The bank pays you money for keeping your money in savings accounts.

• True

• False

What is the extra money that the bank pays you to keep your money in an account called?

• Savings

• Checking

• Interest

What is the first step in getting a savings account?

• Saving your money

• Ask a friend

• Picking a bank

• Ask your teacher

If you are under 18 years old what do you need in order to get a bank account?

• Bank forms

• Parent approval

• Bank approval

• Teacher approval

Is there such thing as a minor account if you are under 16?

• True

• False

What do you fill out at the bank when you make a deposit?

• Slip

• Checking Account

• Savings Account

• Deposit Slip

How many items do you have to fill out on the deposit slip in order to make a deposit at the bank?

• 3

• 4

• 5

• 6

A withdrawl slip needs to be filled out if you are depositing money into your account.

• True

• False