S2 Saving Money

Why should you save money?

• You shouldn't

• Emergencies eg. washing machine breaking down

• For Retirement

When is the best time to put money into your savings account?

• At the end of the month so you know how much you have left

• Never

• One week after you get paid

• As soon as you get paid

You should save money in a savings account because you'll receive a higher rate of

(a)  

With this savings account, I must save every month

• Easy access savings account

• Monthly savings account

• Junior ISA

• Fixed rate bond

With this savings account, I can't access my savings for a set period, for example 2 years

• Easy access savings account

• Monthly savings account

• Junior ISA

• Fixed rate bond

With this savings account, you can't access the money until you are 18 years old.

• Easy access savings account

• Monthly savings account

• Junior ISA

• Fixed rate bond