🔒A bank keeps people's money safe until they want it.

🏪A bank is a business. It takes in deposits and makes loans.

🪙Putting money into a bank is called making a deposit.

✋A bank lends some of the money to other people.

📦You can take your money out when you need it.

🪙Taking money out is called a withdrawal.

🪙A bank pays its savers extra money, called interest.

🎒A savings account sets money aside. The bank pays interest on it.

🍲A jar at home does not earn extra money.

🪙A bank savings account can.

Words to know

• deposit: money put in
• interest: extra money
• savings: money set aside