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Comparing different accounts

Activity Identify one advantage and one disadvantage of each account

Comparing different accounts

On the next page, match the features to the accounts: Fill in the table by placing each description in the correct 'Advantage' or 'Disadvantage' box for the appropriate account type. Drag each blue box to where it best fits, considering the unique characteristics of Cash ISA's, notice accounts and instant-access accounts. Make sure every account has at least one advantage and one disadvantage listed. When you're satisfied with your selections, click the 'Submit' button to see if you've matched everything correctly. Don't worry if you don't get it right the first time – you can always try again!

Comparing different accounts

Advantage

Disadvantage

You get more interest than accounts where you can take money out right away.

You lose interest if you take out money when you didn't plan to.

The interest rate might be lower than accounts where you have to give notice.

There's a limit on how much you can put in each year.

You don't have to pay tax on the interest you earn.

You can get your money whenever you want.

Submit

Cash ISA

Notice account

Instant-accessaccount

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