Where can we save money?
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Lesson details
Key learning points
- In this lesson, we will explore what saving means and how different kinds of savings products help us manage our money well. We consider the pros and cons of different approaches to savings and investments with different levels of risk and reward.
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This content is made available by Oak National Academy Limited and its partners and licensed under Oak’s terms & conditions (Collection 1), except where otherwise stated.
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5 Questions
Q1.
What image is often used by fundraisers to help them track their fundraising?
Graph
Pie Chart
Spreadsheet
Q2.
What is a Jam-Jar account?
A jam jar at home to store your money in
A place where you can choose from different jars
Q3.
Which type of money tracking is similar to a gift card?
Jam-Jar Account
Online Banking
Q4.
What would a secure website address start with?
htp
htps
http
Q5.
What would banks ask for if they need to confirm your details?
All of your banking information
None of your banking information
5 Questions
Q1.
Which of these is not a savings account?
ISA
Jam-Jar Account
Notice Account
Q2.
What is an investment?
When you pay for something to gain ownership of it.
Where you lend money to other people.
Q3.
Which of these is not a type of investment
Capital
Premium Bonds
Shares
Q4.
If you save at a high interest rate then...
Borrowing decreases quickly
Borrowing decreases slowly
Savings increase slowly
Q5.
Who is the governor of the Bank of England?
Boris Johnson
Mrs Barry
Rishi Sunak