Savings Options & Interest Rates

(166 Students)
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Topics
Saving
Duration
10 Minutes
Auto-Graded?
Yes

Activity Description

In this activity, students explore three common savings options—Savings Accounts, CDs, and Money Market Accounts. They will analyze interest rates from various banks and credit unions as of July 2023 and answer questions based on their findings. This exercise helps students understand different savings vehicles and make informed decisions.


They will also analyze the data that shows trends in savings account rate changes from 2010 to 2023.

Learning Objective

In this interactive worksheet activity, students will analyze the interest rate offered by 3 institutions - Boeing Employees’ Credit Union, Pentagon Federal Credit Union, City Bank, and Bank of America for each of the account types - Savings Account, CD, and MMA. Students will compare the data and answer the given questions. Students will also be presented with the historical savings account interest rates from 2010 to 2023 for analysis.

Teacher Tips

Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).
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Preview as Student
Assign to Classroom
Price per Classroom
FREE
Topics
Saving
Duration
10 Minutes
Auto-Graded?
Yes
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