Banking Basics

The easiest way to establish a savings plan is to explore options at your local bank. This video highlights some of the most popular products. Listen to Josh, CFA society of Pittsburgh, describe several types of bank account. He explains the differences between several bank accounts: Checking, Savings, Money Market Accounts, and Certificates of Deposit. Finally, he explains how to choose what type of account to open depending on one’s needs.

Learning Objectives PA Standards Grades Time
  • Explain the responsibilities associated with managing personal finances.
  • Analyze the management of financial resources across the lifespan.
  • Understand the differences between basic bank accounts.
  • Understand the advantages and disadvantages of each type of account.
  • Learn how to open bank accounts.
  • Career Preparation
  • Financial and Resource Management
 9-12 9 min.

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