Financial Institutions and Interest Lesson
CEE Standard – Saving.
Let’s start by discussing banks, credit unions, and online banks.
Banks, credit unions, and online banks are financial institutions where you can safely put your money.
These institutions offer checking and savings accounts. If you are under 18 your guardian can help you open an account.
When you put money in a checking or savings account, a bank or credit union pays you interest.
Interest? What’s that?!
For more of this lesson, download your FREE worksheet here and give your class a head start on interest.