-MONEY CAN BE SAVED OR DEPOSITED

-WITHDRAWAL CAN BE MADE AT ANY TIME

-STARTING SAVINGS AMOUNT IS LOW

-ENTITLED FOR INTEREST

-1% TO 2% INTEREST RARE PER ANNUM.

INVESMENT ACCOUNT

-WITHDRAWAL CANNOT BE MADE ANYTIME BECAUSE THERE IS A MATURITY DATE.

-STARTING AMOUNT DEPENDS ON THE TYPES OF INVESMENT.

-PROFIT WILL BE GIVEN AS DIVIDEND OR BONUS.

-PROFIT RATE IS USUALLY ABOVE 2% PER ANNUM.

SIMPLE INTEREST IS AN AMOUNT OF MONEY RECIVED BY ANYONE WHO SAVES MONEY IN A BANK WITHIN A PERIOD OF TIME

COMPOUND INTEREST IS AN INTEREST RECIVED FROM THE SAVINGS AND INTEREST COLLECTED EACH YEAR.

CREDIT IS A TYPE OF LOAN,A CONVENIENCE TO POSTPONE THE PAYMENT OF THE ITEMS PURCHASED OR SOME MONEY LOANED BY THE FINANCIAL INSTITUTION.

DEBT IS A LOAN NEEDED TO BE PAID BY SOMEONE.

• Money can be saved or deposited.

• Short term goals and emergencies.

• Liquid and easily accessible.

• Withdraw can be made at any time.

• 1% to 2% interest rate per annum.

Investment account

• Withdrawal cannot be made anytime because there is a maturity date.

• Long term goals and retirement.

• Left completely untouched.

• Profit will be given as dividend or bonus.

• Profit rate is usually above 2% per annum.

-Money can be saved or deposited.

-Withdrawal can be made at any time.

-Starting saving amount is low.

-Entitled for interest.

-1% to 2% interest rate per annum.

Investment Account

-Withdrawal cannot be made anytime because there is a maturity date.

-Starting amount depends on the types of investment.

-Profit will be given as dividend or bonus.

-Profit rate is usually above 2% per annum.

Simple Interest and Compound Interest

(Simple interest) is an amount of money received by anyone who saves money in a bank within a period of time.

(Compound interest) is an interest received from the savings and interest collected each year.

Credit and Debt

(Credit) is a type of loan, a convenience to postpone the payment of the items purchased or some money loaned by the financial institution.

(Debt) is a loan needed to be paid by someone.

Purchasing Via Credit and Cash

Purchasing Via Cash:

-Not in debt

-No interest

-Paying for the actual price

-Payment is made in full cash or debit card

Purchasing Via Credit:

-In debt

-Interest is imposed

-Paying more than actual price

-Payment via credit card and monthly instalment

• Money can be saved or deposited.

• You can withdraw at any time.

• Starting saving amount is low.

• Entitled for interest

• 1% to 2% interest rate per annum

  
  

Investment account :

• Withdrawal cannot be made anytime because there is a maturity date

• Starting amount depends on types of investment

  Profit rate is usually above 2% per annum

  
  

Credit and debit

• Credit - A type of loan, a convenience to postpone the payment of the items purchased or some money loaned by the financial instituition.

• Debit - A loan needed to be paid by someone.

  
  

. Money can be deposited or saved

. Withdrawal can be made at anytime

. Starting saving amount is low

. 1% to 2% interest rate per annum

Investment account:

. Withdrawal cannot be made anytime because there is maturity date

.starting amount depends on the types of investment

. Profit rate is usually above 2% per annum

• Money can be saved or deposited.

• Withdraw can be made at any time

• Starting saving amount is low

• 1% to 2% interest rate per annum

  
  

INVESTMENT ACCOUNT

• Withdrawal cannot be made anytime because there is a maturity date.

• Profit will be given as dividend or bonus.

• Profit rate is usually above 2% per annum

* Money can be saved or deposited

* withdraw at any time

* Starting saving amount is low

* Entitled for interest

* 1% to 2% interest rate per annum

INVESTMENT ACCOUNT

* Withdrawal cannot be made anytime because there is a maturity date

* Starting amount depends on types of investment

* Profit rate is usually above 2% per annum

• Money can be saved or deposited.

• You can withdraw at any time.

• Starting saving amount is low.

• Entitled for interest

• 1% to 2% interest rate per annum

  
  

Investment account :

• Withdrawal cannot be made anytime because there is a maturity date

• Starting amount depends on types of investment

  Profit rate is usually above 2% per annum

  
  

. Money can be saved or deposited

. Withdrawal can be made at anytime

. Starting saving amount is low

.1% to 2% interest rate per annum

Invesment account:

. Withdrawal cannot be made anytime because there is a maturity

. Starting amount depends on types of investment.

. Profit rate is usually above 2% per annum

1. Money can be saved or deposited

2.Withdrawal can be made at any time

3. Starting saving amount is low

4.1% to 2% interest rate per annum

Invesment Account:

1. Withdrawal cannot be made anytime because there is a maturity date.

2.Starting amount depends on the types of invesment

3.Profit rate is usually above 2% per annum

Credit and Debt

1.Credit is a convenience to postpone the payment of the item purchased

2.Credit is some money loaned by the financial instituon

3.Debt is a loan needed to be paid by someone

~MONEY CAN BE SAVED OR DEPOSITED

~WITHDRAWAL CAN BE MADE AT ANYTIME

~STARTING SAVINGS AMOUNT IS LOW

~ ENTITLED FOR INTEREST

~1% TO 2% INTEREST RARE PER ANNUM.

INVESTMENT ACCOUNT

~WITHDRAWAL CANNOT BE MADE AT ANYTIME BECAUSE THERE IS A MATURITY DATE

~STARTING AMOUNT DEPENDS ON THE TYPES OF INVESTMENT

~PROFIT WILL BE GIVEN AS DIVENDEND OR BONUS

~PROFIT RATE IS USUALLY ABOVE 2% PER ANNUM

SIMPLE INTEREST IS AN AMOUNT OF MONEY RECEIVED BY ANYONE WHO SAVES MONEY IN A BANK WITHIN A PERIOD OF TIME

COMPOUND INTEREST IS AN INTEREST RECEIVED FROM THE SAVIINGS AND INTEREST COLLECTED EACH YEAR

CREDIT IS A TYPE OF LOAN,A CONVENIENCE TO POSTPONE THE PAYMENT OF THE ITEMS PURCHASED OR SOME MONEY LOANED BY THE FINANCIAL INSTITUTION

DEBT IS A LOAN NEEDED TO BE PAID BY SOMEONE

•Money can be saved or deposited

•Withdrawl can be made at any time

•Starting saving amount is low

•Entitled for interest.

•1% to 2% interest rate per annum

INVESTMENT ACCOUNT

•Withdrawl cannot be made anytime because there is a maturity date.

•Starting amount depends on the type of investment.

•Profit will be given as dividend or bonus.

•2% per annum

CREDIT OR DEBIT

•Credit-A type of loan,a convenience to a postpone the payment of the item purchased or some money loaned by the financial instituition

•Debit-A loan needed to be paid by someone.

-Money can be deposited or saved

-Withdrawal can be made at anytime

-Starting saving amount is low

-1% to 2% interest rate per annum

Investment account

-Withdrawal cannot be made anytime because there is a maturity date

-Starting amount depends on the types of investment

-Profit rate is usually above 2% per annum

Credit and debit

-Credit: A type of loan. A convenience to postpone the payment of the items purchased or some money loaned by the financial institution

-Debit: A loan needed to be paid by someone

-Money can be saved or deposited.

-Withdrawal can be done at anytime.

-Starting saving amount is low.

-Entitled for interest.

-1% to 2% interest rate per annum.

INVESTMENT ACCOUNT

-Withdrawal cannot be made at anytime because there is a maturity date.

-Starting amount depends on the types of investment.

-Profit will be given as dividend or bonus.

-Profit rate is usually above 2% per annum.