
Money Basics
Some Savings Pay 4%. The Average Pays 2%. Teach Your Kid The Gap.
Interest rates are up. On October 2, a one-year Treasury bill paid 4.46%, while the national average one-year CD paid just 2.12%. That gap is a perfect, real-world money lesson. Here is how to explain interest to kids, do the math together, and help them shop for a better rate.
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