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TEACHING AND LEARNING SAVING MONEY WORKSHEET LESSON - PERSONAL FINANCE AND MONEY MANAGEMENT - SAVINGS ACCOUNT LESSON PLAN - SAVINGS ACCOUNTS - INTEREST RATES

 

SAVINGS ACCOUNT INTRODUCTION LESSON

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A worksheet lesson introducing students to the concept of a Bank Savings Account.

Also introduces the concepts of Deposit and Withdrawal.

 

LESSON LEARNED

 

 

Bank Savings Account

 

 

OTHER SKILLS REINFORCED

Addition

Percentages (optional)

Multiplication (optional)

 

SUGGESTED

GRADE LEVELS

 

6+

Worksheet is customizable for multiple levels.

 

 

Suggested Savings Account Lesson Plan for this Worksheet

A safe and easy way to save your money is with a bank savings account.  A bank savings account allows you to deposit money (add money to your account) or withdraw money (remove money from your account) at any time.  In return for keeping your money at the bank, the bank pays you money, also known as interest.

Interest will be earned on the money you have on deposit at the bank.  Since you may deposit or withdraw money each day, the bank will calculate how much money you should receive in interest.  You will also receive a periodic statement from the bank listing your deposits, withdrawals, interest, and account balances.  Each bank may pay a different amount of interest, so it makes sense to look at several banks to decide which one to use.

For example, if you have $100 and save it in a bank savings account, and the bank pays 5% interest, then in one year you will have an extra $5.00 in interest, or $105 in total.  Therefore, the bank paid you $5.00 for saving your money with them.

 

Savings Account WORKSHEET Instructions

 

This worksheet is an introduction to a bank saving account.  Students need to fill in the table with the missing values for each of the problems.

 

The first column is the beginning savings amount.  This is the amount that will be saved for one year.  The next column is the interest rate that will be earned that year.  The next two columns need to be filled in by the student.  Interest is the dollar amount of interest earned for the year.  The last column is savings in one year, which is the beginning savings plus the interest earned.  As an option, the interest column may be automatically filled in, leaving the student only to calculate the ending savings amount.

 

This is a random worksheet. You may choose a standard worksheet or customize the worksheet to your teaching needs.

 

To customize the worksheet, you have several choices (see below). 

 

Make your selections, then press "Get Worksheet".

 

 

 

WORKSHEET

 

STANDARD WORKSHEET

 

CUSTOM WORKSHEET

This worksheet may be customized with the following settings.

Make any changes you wish, then press "Get Worksheet".

 

 

Number of Questions

 

 

Beginning savings maximum Value

 

Show Interest Amount

Choose to either show amount of interest

or have student fill in.

 

Include answers? 

NOTE: Answers appear on a separate page when printed.

 

 

 

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You may come back to these worksheet links more than once if your

students are having trouble mastering this concept, since

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link (or press "refresh" on your browser) a NEW worksheet will be generated.

 

 

 

Teaching High School Students - Secondary Education - Adults - Special Education - Teens - Teenagers - Kids - Children - Saving Money Instruction

 

Bank Savings Accounts

 

 

 

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