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Shares and CDs

Shares and CDs

Article • 15 min of learning
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Here's how Shares and CDs aligns with curriculum standards in Alabama. Use the filters to change the location, set of standards, and grade level.

Saving

22: Research and report on the benefits of savings.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Shares and CDs
a: Distinguish between saving and investing, considering the characteristics of various methods of saving. Examples: savings account, money markets, certificates of deposit, IRAs, retirement accounts
b: Calculate annual interest and annual yield on savings for various types of accounts. Examples: money market accounts, deposit savings accounts, 529 plans

23: Compare certificates of deposit, money markets, and savings accounts and identify the benefits and disadvantages of each.

Standards
Defined by Alabama Course of Study: Finance 9th-12th Grades and align with Shares and CDs
a: Gather information on the interest rates that financial institutions pay on different types of savings accounts.
c: Explain the difference between simple and compound interest and calculate interest on a given amount of savings using each method.