Savings & Investment Word Scramble
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| Term | Definition |
| Savings | is money not spent |
| Investment | is putting money where it will grow and generate income in the future |
| DIRT - Deposit Interest Retention Tax | is a tax on the interest earned on your savings |
| Simple Interest | is a percentage of the amount of money you have put into the account |
| Compound Interest | is a percentage of the total amount in the account at the end of each year |
| AER (Annual Equivalent Rate) | is the actual rate of interest you are receiving on your savings or investment from a financial institution |
| Building Society | is a financial institution that provides a wide range of banking services to their customers |
| Credit Union | is a co-operative organisation where people save regularly and lend to each other at low rates of interest |
| An Post | is a state-owned provider of postal/communication/money & retail services to its customers |
| Deposit Account | is an account where you can save your money and earn interest |
Created by:
pdsteconomics
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