HOW TO START A BANK ACCOUNT

I

EVERY BOY AND GIRL SHOULD HAVE A BANK ACCOUNT

The first dollar is the hardest to save, but not so hard as it seems.

If you save five cents a week you will have your first dollar in twenty weeks.

If you save ten cents a week you will have your first dollar in half the time, or in ten weeks.

If you are able to save twenty-five cents a week you will have your first dollar in one-fifth of the time, or in four weeks.

When you put this dollar in the savings bank you have started a bank account, which is something to be proud of.

If you save regularly it will not be long before you have another dollar to add to the one already in the bank.

Money is saved a little at a time.

A mile is walked one step at a time.

A house is built one brick at a time, one nail at a time.

If you save at the rate of five cents a week for a year, how much money will you have in the bank?

If at the rate of ten cents a week for a year, how much will you have?

If at the rate of twenty-five cents a week for a year, how much?

Money in the bank keeps on growing because the bank adds interest for the use of your money.

By and by, you will want a sum of money for some important thing. Then you will be glad that you have a bank account to help you.

Why not begin saving for it today?

II

INTEREST TABLES

These tables show how money grows when placed at simple interest.

At Three Per Cent

$1$2$3$4$5$6$7$8$9$10$100$1000
1 year
6 mos.
3 mos.		.03
.01
.00		.06
.03
.01		.09
.04
.02		.12
.06
.03		.15
.07
.03		.18
.09
.04		.21
.10
.05		.24
.12
.06		.27
.13
.06		.30
.15
.07		3.00
1.50
.75		30.00
15.00
7.50

At Five Per Cent

$1$2$3$4$5$6$7$8$9$10$100$1000
1 year
6 mos.
3 mos.		.05
.02
.01		.10
.05
.02		.15
.07
.03		.20
.10
.05		.25
.12
.06		.30
.15
.07		.35
.17
.08		.40
.20
.10		.45
.22
.11		.50
.25
.12		5.00
2.50
1.25		50.00
25.00
12.50

QUESTIONS

How much will $1.00 amount to in six months? In one year?

How much will $10.00 amount to in six months? In one year?