Hot Topic 2: Banking

The Hot Topics series includes 12 short units designed to improve students’ financial capability. Hot Topic 2 introduces students to banking, bank accounts and interest. Students will examine the process of opening a bank account and look at the different types of accounts available. They will also look at simple and compound interest.

10-12

4-8 hrs

Social Sciences
Mathematics and Statistics

Free to NZ schools

Led by teachers

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Student learning

Learn about the different types of bank accounts available
Understand the difference between simple and compound interest.

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Curriculum links

Personal Financial Management is a fundamental part of a young person’s education. The Hot Topics series is designed to support the development of the key competencies. The series also has links to the Social Sciences and Mathematics and Statistics learning areas.

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Students taking part will

Discover how to open a bank account with a New Zealand bank
Research the different types of bank accounts from two banks
Choose two accounts and compare the differences
Calculate simple and compound interest on savings

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Download includes:

Activity: Banking workbook
Template: Interest Rates
Template: Compound interest spreadsheet

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