Reward for saving
What Reward for saving means in Economics GCSE, as defined for AQA.
Definitions of Reward for saving
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Reward for saving in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The return on deposits, which increases when interest rates rise and incentivises consumers to save more.
The incentive to save, which increases when interest rates rise and encourages consumers to save more.
Topics that use Reward for saving
Related terms
- Business investment
- Compound interest
- Cost of borrowing
- Financial institutions
- Financial risk
- Interest rates
- Opportunity cost
- Saving
Using Reward for saving in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge