Code: 2.3.4 · Adults
Choosing saving products
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-lifelarge-majority
Knows about the different savings options available (or can find out easily)
- Kresiliencedaily-lifelarge-majority
Knows that different savings products may offer different combinations of fees, interest rates and tax relief and imply different types of risk
- Ksustainabledaily-lifelarge-majority
Knows that savings products may have different sustainability characteristics (environmental, social and corporate governance aspects)
- Kresiliencedaily-lifelarge-majority
Knows where to access suitable savings products
- Kresiliencedaily-lifelarge-majority
Understands that the choice of a particular savings or investing option may partly depend on the anticipated time horizon for reaching a savings goal
- Kresiliencedaily-lifelarge-majority
Knows how to assess the security of different savings methods
- Kdaily-lifelarge-majority
Knows that funds deposited on a bank account up to 100,000 EUR per person and per institution are protected under the deposit guarantee scheme
Skill
What you can do at this level
- Sresiliencedaily-lifelarge-majority
Takes precautions to keep saved money safe
- Ssustainabledaily-lifelarge-majority
Chooses saving products in line with one’s preferences, including sustainability preferences
Attitude
What you can do at this level
- Asustainabledaily-lifelarge-majority
Confident in choosing savings products in line with one’s preferences, including sustainability preferences, or asking advice if needed
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.