interest

Joseph
Savings- a fund of money put by as a reserve
Bank-depository financial institution: a financial institution that accepts deposits and channels the money into lending activities;

What is a savings account? a bank account that accumulates interest
How do you make money through a bank? you make money off the interest
Define interest?
What two types of interest are named?
When does interest work in your favor?
Banks pay interest in two ways. What are they?
_______________________ interest makes your savings grow faster.