Page 112 - SK Year 5 Mathematics DLP

FINANCIAL LITERACY

SAVE AND INVEST 2 Wow, you have a lot
of money! I want to
1 count mine too.

7
6 Can you help me with
the suitable type of
account for my children?

There are savings
account and investment
account.

10

SAVINGS ACCOUNT
• Money can be saved
or deposited.
SAVINGS ACCOUNT
• Withdrawal can be made • Money can
at any time. be saved or
deposited.
• Starting saving amount • Withdrawal can be Savings is the money kept
made at any time.
is low. • Starting saving or deposited and can be
amount is low.
• Entitled for interest. • Entitled for interest. used when necessary. Here
• 1% to 2% interest
are some information about
rate per
• 1% to 2% interest rate annum. savings account.
per annum.

104 • Visit various bank websites for more information regarding savings
3.3.1
and investment. Discuss the findings in class.