BANKING – WHAT IT IS AND WHAT IT ISN’T

What is this all about? Explain the role of the banks in keeping the economy flowing Identify the different products and services that banks provide and what they may be used for Explore the ways in which banks support the wider community To answer any questions you might have

What do we know about banking? What do you already know about banking or think you know about banking… When did the history of banking begin? It began with the merchants of the ancient world, who made grain loans to farmers and traders who carried goods between cities. 2000BC

What do we know about banking? 2. What proportion of the whole UK economy is made of banking? So £1 in every £12 earned in the UK is made up by banks. 8%

What do we know about banking? 3. What do you think you need to open the vaults at the Bank of England? 3ft long key

Banking and the economy Money is earned Money is loaned Money is spent Money is saved

Banking and the economy Money is earned Money is loaned Money is spent Money is saved

Savings services Current Account Savings Account ISAs Pensions Making banking easy Savings Account Securely saving your money ISAs Make your money grow, quick and easy Pensions Thinking about your future

Borrowing products Mortgages Personal Loans Credit Cards Helping you get on to the property ladder Personal Loans Borrowing for a fixed period of time Credit Cards Can used any time anywhere and protects you from fraud

Timeline Under 19s Account Graduate Account Current Account Savings Account Savings Account Savings Account Savings Account Savings Account Student Account ISA ISA ISA ISA Savings Account Credit Card Credit Card Credit Card Credit Card Mortgage Mortgage Mortgage Pension Pension Pension Pension Personal Loan Personal Loan

Banks you may have heard of

Banking and local communities www.lloydsbankcommunities.com

Banking and local communities - Activity In groups, create a campaign poster outlining your own community initiative and they ways that the bank can help make it a success. Your poster needs to have a clear message, be eye catching and colourful.

YOUR POSTER Make sure you think about the following when designing your poster: What is your community activity What are the benefits of this for the community What help will you need form the bank to make it happen How can you make it eye-catching – think bright colours, pictures and bold writing

RECAP OUR OBJECTIVES Explain the role of the banks in keeping the economy flowing Identify the different products and services that banks provide and what they may be used for Explore the ways in which banks support the wider community

resources Resources to support the delivery of this session can be found here.