Talk Banks, Talk Maths

1
Talk Banks, Talk Maths

• Why do you keep money in a bank?
• How many of you have a bank account?
• How did you choose which bank and which account?
• Can you name some of the main high street banks?

2
Talk Banks, Talk Maths
Money invested Interest Money at end of year
Charlie 100 6 106
Fiona 200 10 210
Katy 300 12 312
Who is getting the best deal?
3
Michelles Savings

• Michelle puts 60 savings into a bank account.
• The interest rate on the account is 10.
• How much interest does she earn in a year?
• How much money will she have in her account at
  the end of the year?

4
Talk Banks, Talk Maths

• Do you think that getting 5 interest on your
  savings is a good deal?
• Where else can you put your savings?
• If you borrow money from a bank what will they
  charge?
• How else can you borrow money?

5
Talk Banks, Talk Maths

• What other services do banks provide?
• Is borrowing from the bank a good idea?
• In what other ways can you buy goods now and pay
  for them later?

6
Vocabulary Corner

• Savings
• Interest
• Mortgages
• Loans
• Foreign exchange
• Insurance