Research Guides: Financial Literacy: Savings- Banks & Banking

Savings- Banks & Banking

Helps you achieve financial well being.

Savings

Investor.gov
The U.S. Securities and Exchange Commission (SEC) Office of Investor Education “provides an introduction to markets and investing” to help you make sound investment decisions and avoid fraud. This site also contains calculators such as the Savings Goal Calculator - to help you plan purchases, and the Compound Interest Calculator that shows how much money you save if you leave your savings to earn compound interest. Compound interest definition: earning interest not only on the money that you are saving but also on the interest that you have earned.
My Money
Lists important actions to take to make saving a habit. Life Events link provides information and advice on making best financial choices about major life events.

Banks & Banking

Opening a Bank Account
Basic information about checking and savings accounts from consumer.gov.
Student Banking: Managing your college money
Information from the Consumer Financial Protection bureau about opening your first bank account.

Three teens discuss the benefits of having a personal checking account. Sponsored by the FINRA Education Foundation, Milwaukee Public Library, Make-a-Difference Wisconsin, and the American Library Association.