03: How Do Banks Make Money?

Finance With Kids

A bank is a place where you can keep your money safe and even make more money over time. When you open an account at a bank, you can deposit your money and the bank will keep it secure for you. This is much better than hiding your money under your mattress or keeping in your piggy bank where someone may steal it. In return, the bank may pay you interest on your savings. Join us for this episode to learn more about how banks work and make money.
Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice recording app, and then email it to [e-mail]. For example "Hi, my name is Leah, I'm 6 years old, I live in San Diego, California, and my question is--what is an asset?"
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