Episode 9 of 60 · Financial Literacy: Cash Course
Checking and Savings Accounts
Grades 6th+
Financial Literacy — Economics & Financial Literacy · Economics · Captions
About This Video
Is it time for your kids to graduate from using a piggy bank to having their own bank accounts? This fun video teaches tweens and teens how and when to use checking and savings accounts, so they can start managing their money like a pro!
Standards Met in Ohio
- EFL.9-12.18.lp.cGrades 9th, 10th, 11th, 12thIdentify a CD as a savings account through a financial institution where you agree to deposit your money for a certain length of time and receive a slightly higher interest rate than a typical savings account.
- EFL.9-12.19.bGrades 9th, 10th, 11th, 12thIdentify procedures to create and use a savings account.
- EFL.9-12.19.lp.dGrades 9th, 10th, 11th, 12thIdentify where and how to open a savings account.
- EFL.9-12.2.lp.aGrades 9th, 10th, 11th, 12thIdentify financial reports as linked to checking, savings, or investment accounts.
- EFL.9-12.2.lp.fGrades 9th, 10th, 11th, 12thChoose the correct financial document that shows how much money an individual has in their checking or savings accounts.