Synergy Cents With Penny D. Pelican | Penny Explains How Banks Work

Welcome back to school! This is always an exciting time of the year for me because I get to teach a new group of students all about banking and the importance of saving money.



One of the first things I discuss with my new students is how banks work. Did you know when you save your money at a bank, you can help someone else buy a car, build a house, or go to college?

The bank takes your savings and combines it with its other customers’ savings to loan to people who want to purchase expensive things. When a person borrows money from the bank, he pays it back a little at a time along with a bit of extra money. That extra money is called interest.

The bank takes some of that interest and gives it to its customers. So not only are you saving your money, keeping it safe at the bank, and helping people, but  you are actually making money too!



Count the Money

Penny is ready to make a deposit in her Synergy Bank savings account. Can you count how much money she has in each group? What will her total deposit be?

 

School Supplies Word Seek

Penny made of list of school supplies she’ll need to start school. Can you find the words hidden in the puzzle? Words can go across, up or down, and diagonally.