Types of Savings Accounts

2020.11.12 9:31 am - 10:14 am

Teaching point: How do different savings vehicles such as a savings account, CDs, and money market accounts compare?

Do now

Type your answer in the document

  1. If you already have a savings account, why did you choose your specific bank?

  2. If you don’t have a savings account, what factors do you think are most important in making a good decision?

2020.11.10 Do now

Agenda

Do now (5 minutes)

Mini Lesson: Checking Vs. Savings (10 minutes)

Comparing Savings Accounts (15 -20 minutes)

Closure (5 minutes)

Mini Lesson: Checking Vs. Savings

You may be tempted to think you’re all set once you have a checking account, but it’s important to have a savings account, too. Watch this video and then write at least three ways savings accounts differ from checking accounts in the chat.

Class Work

Finish the class work with your group. Come back to the class meet at 10:02 with questions.

Group 1: Ashon, Kenny, Naquan, Yaseen, Amir, Hashem


Group 2: Taliyah, Dilenny, Khaleia, Soraya, Anaise, Farook


Group 3: Ndeye, Meliza, Magali, Rolando, Alyssa, Blu


Group 4: Shontaya, Kaliah, Amani, Sarai, Akiah, Sajah

Questions?

Are there any questions that your group struggled with?