Across
- 4. (Federal Deposit Insurance Corporation) – A government agency that protects your money in banks, up to $250,000 per account.
- 7. – A business that keeps money safe, offers loans, and provides financial services like checking and savings accounts.
- 8. – Money put into a bank account.
- 11. Fee – A monthly fee some banks charge for keeping a checking or savings account open (sometimes avoidable with direct deposit or minimum balance).
- 14. Union – A member-owned financial institution that offers many of the same services as a bank, often with lower fees and better interest rates.
- 16. (National Credit Union Administration) – A government agency that protects your money in credit unions, up to $250,000 per account.
- 18. – Money borrowed from a bank (or lender) that must be paid back, usually in regular payments, over time.
- 19. Account – A bank account that earns interest on money you save but is less convenient for daily spending.
- 20. Card – A card linked to your checking account that lets you spend money you already have.
Down
- 1. Fee – A charge you pay when you spend more money than you have in your checking account.
- 2. of Deposit (CD) – A type of savings account where you agree to keep your money in the bank for a set time in exchange for a higher interest rate.
- 3. Interest – Interest calculated not only on the original money deposited (principal), but also on the interest that has already been added. This makes savings grow faster over time.
- 5. (on Savings) – The small amount of money the bank pays you for keeping your money in a savings account. Example: If you have $100 saved, the bank might pay you $1 extra over the year.
- 6. – A plan for how to use your income for spending, saving, and paying bills.
- 7. – The amount of money currently in your bank account.
- 8. Deposit – When your paycheck is electronically transferred straight into your bank account.
- 9. Card – A card that allows you to borrow money up to a certain limit, which you must repay (usually with interest if not paid in full).
- 10. – Taking money out of a bank account.
- 12. Account – A bank account used for everyday transactions like deposits, withdrawals, and payments. Usually comes with a debit card.
- 13. – Any movement of money in or out of your account (like a deposit, withdrawal, or payment).
- 15. (on Loans) – The extra money you pay a bank in exchange for borrowing money. Example: If you borrow $1,000, you might pay back $1,050.
- 17. (Automated Teller Machine) – A machine that lets you withdraw cash, deposit money, or check balances without going inside the bank.