Banking, Bank Accounts, and Earning Interest Lessons


Teaching Banking Lesson Plans Personal Finance Money Management Worksheet Skills Education 101 Syllabus Tutorial Exercises Classroom Unit Teacher Resources Activity Free Curriculum Basics



Lessons appropriate for: 4th 5th 6th 7th 8th 9th 10th 11th 12th Graders College Adults

Fourth Grade - Fifth Grade - Sixth Grade - Seventh Grade - Eighth Grade - Ninth Grade - Tenth Grade - Eleventh Grade - Twelfth Grade - K12 - Middle School - High School Students - Adults - Teens - Teenagers - Young People - Special Education

A basic understanding of bank savings accounts and interest rates is a fundamental money skill.

Teach and learn the basics on savings, banks, bank accounts, and interest rates. Includes lessons, worksheets, exercises, and activities. Also, use our online bank simulator for learning modern online banking and ATM usage.

See below for Lessons and Worksheets


When saving your money, you will be placing money in many different types of savings instruments, including very safe and stable investments vehicles. This is especially true for money that you are going to need in the short-term (as compared to long-term investments, such as buying a house). This category includes bank savings accounts and money market mutual funds, some of the safest short term investments.

When placing your money with a bank or money market fund, you earn interest, or yield, which fluctuates, depending on general rates of interest.


Bank Savings Accounts
When you are beginning to save, you should place your money in investments that are as safe as possible. In addition, you will likely always have at least some of your money in short-term investments. Bank savings accounts are such an investment. The federal government backs these accounts with what is known as Federal Deposit insurance Corporation (FDIC) Insurance.

Money Market Account
These are accounts offered by banks. However, in these accounts the bank typically pays you a higher rate of interest than a savings account.

CD or Certificate of Deposit
The bank holds your money for a set period of time. Usually one to six months, or one to five years. Unlike a normal savings account, you may not withdraw your money at any time. If you do, you will be subject to withdrawal fees.

Money Market Funds
Similar to bank savings accounts are money market funds. Money market accounts are available from mutual fund companies. They are similar, but you usually get a better return with money market funds. Also, since these funds are not held with a bank, they are not FDIC insured. However, they are invested in very short-term bonds, which tend to be less risky than longer-term bonds and invest in safe government investments, corporate commercial paper, and other related investments. In addition, they are regulated by the U.S. Securities and Exchange commission. Money market mutual funds that invest exclusively in U.S. government securities have very little risk, while giving you better rates of return then typical bank savings accounts.

Lessons and Worksheets


Bank Savings Account Introduction

A lesson introducing students to the concept of a bank savings account. Also introduces the concepts of deposit and withdrawal.


Introduction to Earning Interest

A worksheet introducing students to earning interest. Why should we save our money with someone else instead of keeping it under our mattress? One reason is that we get to earn money, also called interest. Teach and learn interest rate basics.


Checks, Checking Account, Checkbooks Lessons

Checking Accounts and Check Writing

Learn how to write a check, make checking account deposits and withdrawals, manage and balance your checkbook, and checkbook reconciliation with your monthly bank checking account statement.


Online Banking Simulation

An introduction to online banking. Students use an online banking simulation to learn how to bank online, create their own online bank account, and use an ATM simulator.


Using a Bank ATM Lesson

Learn how to use a bank's ATM, or Automated Teller Machine.  Practice banking with an ATM, learn about ATM safety, fees, and types of transactions.  Includes deposits and withdrawals.


Saving Money

An introduction to saving money.  Students learn reasons why they should save money, and how to save.


Personal Savings: Saving Money

Students learn about setting personal savings goals for the things they really want.  Also, why using a bank account is a good way to help save money.


Simple Interest

Understand what simple interest is, and how it is calculated.


Compound Interest

Understand what compound interest is, how it is calculated, and appreciate the impact it makes on loans and investments.


Mortgages and Interest

Understand the concept of mortgages and compound interest.


Annuities and Perpetuities

Understand, define, and calculate annuities and perpetuities.



Answer random questions related to entering transactions in a bank savings account book.  Choose whether or not students calculate balances.

* Bank Savings Account Book (with Balances)

* Bank Savings Account Book (no Balances)



Word problem worksheets on saving money with savings accounts.

* Bank Savings Account

Bank Savings Word Problems

Interest Word Problems



 * Saving your Allowance   




 Teaching Banking Services Lesson Idea


Finding Financial Services
The student will learn about financial service providers.

Tracking Your Money
The student will learn about checking, the ability to balance a checkbook and reconcile financial accounts.

Saving and Investing: Getting Started
Students will learn the reasons for saving money.

The Rule of 72 – Simple and Compounded Interest
Students will learn about simple and compounded interest and the rule of 72.

Saving and Investing Tools
Students will learn about different ways to save and invest.

Time is Money – Saving and Investing Options
Students will learn about how different investment strategies varies by individual needs.

Managing High Levels of Debt
Students learn about handling high levels of debt.

How Money Grows Through Saving and Investing
This lesson introduces students to the basics of how money grows through saving and investing.

Savvy Savers – Benefits of Interest-Bearing Accounts
Students calculate compound interest to identify benefits of saving in interest-bearing accounts. They learn the “rule of 72” and that it applies to both investments and debt. They apply the rule of 72 to several savings scenarios. They learn that there is a relationship between the level of risk for an investment and the potential reward or return on that investment.



Student Checking Accounts
Student checking accounts provide a great way to teach money management.

Identity Theft Prevention
Information and advice on protecting yourself from identity theft.

Finding the Right Bank Account
Understand your own banking needs when looking for a bank account for yourself.

Finding the Right Bank Account - To Choose a Bank or Not?
Banking services are provided by financial institutions other than traditional banks these days. Learn about some banking alternatives.

The Benefits of Online Banking
There are many benefits to banking online, including the opportunity to budget better, and save money.

Cutting Banking Fees
Tips and advice on cutting the fees you are paying for banking services and transactions.

Important Queries before Opening a Bank Account
Here is some advice about things to think about before opening a bank account.

Bank Accounts and Accounting: A General Overview
An overview of bank accounts and for bank transactions.



More Saving and Investing Money Lessons


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