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Where you save your money often depends on what you are saving for If you are saving to buy a CD or to go to a concert, then probably you would keep your money somewhere in your room. One place to save money is the bank. Putting your money in a savings account will help your money earn more money. If you put your money in a piggy bank , one year later youll still have the same amount of money you put in. If you put your money in a savings account, one year later, youll have more money than you put in. Why? The bank will send you a statement several times a year. A bank statement tells you how much money you have in your account. It also tells you how much interest you have earned. If you leave your money in the bank, you can watch it grow! You can buy a CD at a bank. You agree not to use the money for a certain period of time. That period might be from six months to five years. You cant touch your money during that time. If you do, you must pay a penalty, or fee. A in your room. C in your pocket. 7 A bank pays you interest for B losing your money. D decreasing your money A the amount of money you have in the bank C the current rates of exchange. 9 If you draw your money before it is due, you will have to B close your account. | 
