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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