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7-10beginnerbanking-basics

Types of Bank Accounts

Explore why a savings account earns interest (growth) and is NDIC-insured (security).

5

Lessons in this module

30 min module estimate
1Preview

Savings accounts

Explore why a savings account earns interest (growth) and is NDIC-insured (security).

5 minPreview lesson →
2Preview

Current accounts

Explore why current = flexibility, low interest.

5 minPreview lesson →
3Preview

Fixed deposit accounts

Explore why fixed deposits pay higher interest in exchange for commitment to the full term.

6 minPreview lesson →
4Preview

Kids' bank accounts in Nigeria

Explore why minors cannot enter binding financial contracts independently in Nigeria.

6 minPreview lesson →
5Preview

Choosing the right account

Explore why account selection is purpose-driven.

8 minPreview lesson →
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