Chris L
Savings- a fund of money.
7/8/10
Bank- depository financial institution: a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home".

What is a savings account? It’s where you put money in the bank and save it.
How do you make money through a bank? Many banks get money through interest. You make money from your money.
Define interest? A fixed charge for borrowing money.
What two types of interest are named? There are two types of interest and compound interest.
When does interest work in your favor? You get to keep the things you buy.
Banks pay interest in two ways. What are they? They make you sign a contract to pay and you have to pay bills.
Banking interest makes your savings grow faster.