6B - SAVINGS ACCOUNT by Flavio Silva https://padlet.com/flaviosilva7/mq97u4q2oz95emqf Students in groups will search and type their discoveries about each case. en-us 2022-04-05 23:41:02 UTC 2023-09-21 11:28:24 UTC hello@padlet.com GLOBAL CONTEXT CONNECTIONS (maitê , ana luiza , marcela e isadora) flaviosilva7 https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2217351488 A savings account is an effective way to store your money in a secure location where it can earn interest. With a savings account, you can maintain your savings in a liquid state — meaning you can access your funds whenever you want — while also putting some space between your savings and your daily spending needs.]]> 2022-06-10 10:14:56 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2217351488 POSITIVE ASPECTS (maitê , ana luiza , marcela e isadora) flaviosilva7 https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2217351596 A savings account is an effective way to store your money in a secure location where it can earn interest. With a savings account, you can maintain your savings in a liquid state — meaning you can access your funds whenever you want — while also putting some space between your savings and your daily spending needs.]]> 2022-06-10 10:15:09 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2217351596 CHARACTERISTICS flaviosilva7 https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2217351740 Enrico João Pedro e David:Savings accounts offer one of the simplest ways to earn interest on the money you have. They offer higher interest rates than a regular checking account, while still making it easy to spend and withdraw money.]]> 2022-06-10 10:15:26 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2217351740 Negative aspects —Nanda Pissutti—Suri— https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714517684
  • Interest rates are variable, they can. 
  • Inflation can erode the value of your savings. 
  • AND ETC.
    •  

    ]]>     2023-09-21 11:00:37 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714517684     Positive aspects (malu e pita) https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714523833 Easy to set up money

    Don't have taxes to pay

    Can open it at any bank you want]]>     2023-09-21 11:05:48 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714523833     Characteristics ( Pita e Malu) marialuisachaves https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714524282 . Easy Transactions
    . Payment of Bills
    . ATM facility 
    . NetBanking and MobileBanking
    . Debit Card 
    . Savings interest rates 
    . Cross Product benefits 


    ]]>     2023-09-21 11:06:12 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714524282     Positive aspects https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714524366 We can do a space between your saving and your daily spend, you can acess you account and found whenever you want (Ana L)]]> 2023-09-21 11:06:16 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714524366 Negative point of saving account https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714525147 Low return – although consumers can earn interest, they offer relatively lower rates. Taxes – there are no tax benefits for putting money into a savings account. In fact, if a consumer accumulates a big enough balance, they will pay taxes on the interest they earn each year.]]> 2023-09-21 11:06:58 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714525147 Positive aspects —Nanda Pissutti—Suri— https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714528215 A savings account is an effective way of keeping your money in a safe place where it can be retrieved if necessary.
    And ETC]]>     2023-09-21 11:09:22 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714528215     POSITIVE ASPECTS OF SAVINGS ACCOUNT(Pedro,Levi,Gabriel) https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714528230 A savings account is an effective way to store your money in a secure location where it can earn interest.in a save account you cant lose money]]> 2023-09-21 11:09:23 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714528230 Negative aspects ( Pita and Malu ) marialuisachaves https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714530964 . Interest rates are not fixed
    . Inflation might affect the value of your savings
    . You will have taxes to pay

    and others]]>     2023-09-21 11:11:50 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714530964     Negative points( David, Enrico, jp https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714533166
  • Interest rates are variable, not fixed.
  • Inflation might erode the value of your savings.
  • Some financial institutions require a minimum balance to earn the highest interest rate.
  • Some accounts might charge fees.

    • ]]>     2023-09-21 11:13:37 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714533166     How we can save money? Ana.M and Marina https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714533219
  • Record your expenses. The first step to start saving money is figuring out how much you spend.
  • Include saving in your budget.
  • Find ways to cut spending.
  • Determine your financial priorities.
  • Pick the right tools.
  • Make saving automatic.
  • Watch your savings grow.


    • ]]>     2023-09-21 11:13:41 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714533219     Global context David Enrico Jp https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714533378 This is the most basic type of account you can open at any bank. A Savings Account, by definition, allows you to deposit your money, safe with the bank, so you don't have to carry it around with you or hide it in that rusted old steel safe at home. Don't worry, you can withdraw these funds when you need them.]]> 2023-09-21 11:13:47 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714533378 NEGATIVE ASPECTS(Pedro,Levi,Gabriel) https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714534109
  • Low return – although consumers can earn interest, they offer relatively lower rates.With the inflation you wont profit
  • Taxes – there are no tax benefits for putting money into a savings account. ...
  • Minimum balance – most accounts have a minimum balance which, if the account falls below, causes the account holder to incur charges.

    • ]]>     2023-09-21 11:14:24 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714534109     Positive aspects https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714536858 Your money is kept safe.
    You receive security.
    You can open an account with very little money.

    Nati,Bela,Dafne    ]]>     2023-09-21 11:16:55 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714536858     Global context (malu e pita) https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714537896 they are connected because of the digitalization of financial inclusion because The globalization of digital banking and fintech has made it easier for people around the world to access savings accounts, even in remote areas. This improved financial inclusion can empower individuals and small businesses, supporting economic growth and sustainability at the local and global levels.]]> 2023-09-21 11:17:58 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714537896 Positive aspects(Antonio,Benjamin,Guilherme e Machadox benjaminboxall https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714538531 Savings accounts will usually accrue interest over time.
    Although interest rates have been extremely low since 2007, with many savings accounts having an interest rate below 1%, you will still accrue interest over time with an account. That means you have more earning potential with your money compared to keeping it in a safe at home.


    ]]>     2023-09-21 11:18:34 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714538531     DISAVANTAGES OF SAVING ACCOUNTS: https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714544594 1. Interest is often compounded monthly, or even annually, by most financial institutions.
    2. There are withdrawal limits on a savings account
    3. There are insurance limits.
    4. Easy access to money means more temptations to spend it.You may be required to carry a minimum amount.
    ANTONIO MACHADO GUI AND BENJAMIN]]>     2023-09-21 11:23:53 UTC https://padlet.com/flaviosilva7/mq97u4q2oz95emqf/wish/2714544594