Savings and Investments Matching Cards Game 1

Module 7: Managing your money – saving
Resource 1

Savings and investments matching cards game 1

Print off and cut out the cards.

Task: Match the financial term with its relevant description, using only cards suitable for the chosen group of learners. Further terms and descriptions can be added.

ACCOUNT / A service provided by a bank or building society which keeps money on your behalf.
BANK RATE / The main interest rate in the economy set by the Bank of England, upon which other rates are based.
CAPITAL / The overall amount of money invested.
CAPITAL GROWTH / An increase to the original amount invested after charges and other deductions.
CHILD TRUST FUND / Tax-free savings or investment account for children born between
1 September 2002 and 2 January 2011.
FIXED INTEREST RATE / The interest rate is fixed for a set period.
GROSS INTEREST / Interest paid before tax is
taken off.
INDIVIDUAL SAVINGS ACCOUNT (ISA) / A tax-efficient way of saving or investing with limits on how much you can pay in each tax year.
INSTANT-ACCESS
ACCOUNT / An account that lets you take out your money whenever you want, without a penalty.
INTEREST / The payment you get for leaving money in a bank, or the charge levied on you when you borrow money.
INVESTMENT / A method of putting your money somewhere with an element of risk and reward.
JUNIOR INDIVIDUAL SAVINGS ACCOUNT (ISA) / Tax-free savings or investment account for children under 18 who do not qualify for a Child Trust Fund.
NET INTEREST / Interest paid to you with tax already taken off.
NOTICE PERIOD / A set number of days before you can make a withdrawal without charge from a bank or building society.
STOCKS AND SHARES / A type of investment by having a stake or share in a company.
TAX YEAR / 6 April one year to 5 April the following year.
VARIABLE RATE / The interest rate goes up or down
in line with the Bank of England
Bank Rate.