Cash goes in a bank.
Cash is safe in a bank.
You can get it back.
An ATM gives you cash.
A jar adds no cash.
A bank can add cash.
Facts
Facts the Peabody Encyclopedia for kids
Real facts about everything, written for your grade.
Where Money Goes
How Banks Work: What does a bank do with your money?
Read next
Sources
- https://www.fdic.gov/consumer-resource-center/chapter-1-what-bank
- https://www.bostonfed.org/-/media/Documents/education/pubs/banking2.pdf
- https://www.fdic.gov/resources/consumers/money-smart/documents/parent-caregiver-guides/fdic-gr3-5-parent-guide-module-4.pdf
- https://www.fdic.gov/resources/deposit-insurance/faq/index.html
- https://www.investor.gov/introduction-investing/investing-basics/glossary/interest
- https://www.fdic.gov/consumer-resource-center/money-smart-basics-kids-full-packet.pdf
- https://www.fdic.gov/resources/deposit-insurance/understanding-deposit-insurance/index.html
- https://www.federalreserve.gov/faqs/about_12594.htm
- https://www.federalreserve.gov/aboutthefed/the-fed-explained.htm
- https://ncua.gov/consumers/share-insurance-coverage
- https://www.federalreserve.gov/paymentsystems/fedach_about.htm
- https://www.federalreservehistory.org/essays/glass-steagall-act
- https://www.investor.gov/introduction-investing/investing-basics/glossary/compound-interest
- https://www.consumerfinance.gov/paying-for-college/manage-your-college-money/
- https://www.federalreserve.gov/monetarypolicy/reservereq.htm
- https://www.federalreservehistory.org/essays/panic-of-1907
- https://www.bankofengland.co.uk/explainers/how-is-money-created
- https://www.fdic.gov/about/history/deposit-insurance/1930-1939.html
- https://www.federalreservehistory.org/essays/national-banking-acts
- https://www.fdic.gov/about/history/deposit-insurance/1920-1929.html
- https://www.fdic.gov/about/history/deposit-insurance/1900-1919.html
- https://www.federalreservehistory.org/essays/banking-panics-1930-31
- https://www.federalreservehistory.org/essays/bank-holiday-of-1933
- https://www.federalreserve.gov/monetarypolicy/discountrate.htm
- https://www.federalreserve.gov/monetarypolicy/openmarket.htm
- https://www.federalreserve.gov/monetarypolicy/reserve-balances.htm
- https://www.federalreservehistory.org/essays/savings-and-loan-crisis
- https://www.federalreservehistory.org/essays/monetary-control-act-of-1980
- https://www.fdic.gov/about/history/deposit-insurance/1960-1969.html
- https://www.fdic.gov/about/history/deposit-insurance/1970-1979.html
- https://www.fdic.gov/about/history/deposit-insurance/1980-1989.html
- https://www.fdic.gov/about/history/deposit-insurance/2000-2009.html
- https://www.fdic.gov/about/history/deposit-insurance/2010-2019.html
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