Savings Account

. to %

100

Change .30 to a percent

30%

200

Change .06 to a percent

6%

300

Change .27 to a percent

27%

400

Change .08 to a percent

8%

500

Change .11 to a percent

11%

Savings Account Basics

100

TRUE or FALSE: A savings account keeps your money safe

TRUE

200

How old do you have to be to open YOUR OWN savings account?

18

300

Can your PARENT open a savings account for you at ANY AGE?

Yes

400

Is 75% an appropriate amount to move from your checking to your savings?

No. It is too much.

500

TRUE or FALSE: You can take $ OUT of a savings account only a few times a month, but you can put $ IN at any time

TRUE

Vocabulary

100

What are the 2 types of bank accounts we learned about?

Checking and savings

200

What is a deposit?

$ going INTO a bank account

300

What is a withdrawal?

$ coming OUT OF a bank account

400

What is interest?

$ the bank gives you for having a balance in your savings account

500

What is a savings register?

A record of every deposit and withdrawal. It can be done on paper or online.

% to .

100

Change 10% to a decimal

.10 or 0.10

200

Change 25% to a decimal

.25 or 0.25

300

Change 6% to a decimal

.06 or 0.06

400

Change 9% to a decimal

.09 or 0.09

500

Change 1% to a decimal

.01 or 0.01

Calculations

100

You got a paycheck for $100.00 and want to save 10%. How much will you put in your savings account?

$10.00

200

You got a paycheck for $130.00 and want to save 20%. How much will you put in your savings account?

$26.00

300

You got a paycheck for $172.15 and want to save 15%. How much will you put in your savings account?

$25.82

400

You got a paycheck for $218.99 and want to save 19%. How much will you put in your savings account?

$41.61

500

You got a paycheck for $1,693.03 and want to save 22%. How much will you put in your savings account?

$372.47