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Ages 7+ · Money · Banks and accounts
Bank or piggy bank?
Piggy bank• A few coins• Close by, at home• A slot, and it rattlesVillage bank• Lots of coins• A vault, a lock and a key• A book with your name
Two places for coins.
The big ideaA piggy bank holds a few coins at home. A bank keeps many coins safe.

How it works

Maya had a piggy bank for a few coins, close by. One day it was nearly full, with six coins and no more room.

A village bank keeps lots of coins safe. The banker writes Maya's name and her coins in a big book, and the coins go into the vault.

The coins are still Maya's. She can ask for them back on any day the bank is open.

Both are good, because each does a different job.

The bankercounts thecoinsHer name andcoins go in thebookThe coins go inthe vaultAsk for themback on a bankday
What happens at the village bank.
🐷piggy bank🏦village bank🔐vault📖big book🔑key
Things to look for.

Example 1: Which place?

  1. A slot to drop coins in belongs to a piggy bank.
  2. A thick vault door belongs to the village bank.
  3. Coins you can shake and hear belong to a piggy bank.

Example 2: Whose coins?

  1. Maya's coins sit in the vault.
  2. The big book says whose coins are whose, and Maya's name is in it.
  3. So the coins are still Maya's. The bank only keeps them safe.

Example 3: Keep some, bank some

  1. A piggy bank has room for a few coins, and Maya's was nearly full.
  2. She kept a few coins in it for treats, and the rest went to the village bank.
  3. Using both gives her coins close by and coins kept safe.

Words to know

piggy bank
A small place at home for a few coins.
village bank
A big building that keeps lots of people's coins safe.
vault
A room behind a thick door and a strong lock.
banker
The person who looks after the coins at the bank.

Watch out

Try it

  1. Where do coins rattle when you shake them?
  2. Who writes your name in the big book at the bank?
  3. Maya's coins are in the vault. Whose coins are they?
Answers: 1. In a piggy bank · 2. The banker · 3. Maya's
Try at homeWith a grown-up, find where your family keeps important things safe, and talk about why that place is a good one.
For grown-upsAsk where your family keeps important things safe, and why that place is a good one. Pretend coins are enough here: this is about the idea of a safe place, not any real bank or account.
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