2.4 Select a Savings Account

Last updated about 1 year ago

9 questions

Note from the author:

In this lesson, you will learn to:
Compare different savings vehicles such as a savings account, CD, and money market account
Identify important criteria to consider when selecting a savings account
Make a systematic and informed decision by gathering, evaluating, and comparing information

Instructions

In this lesson, you will learn to:
Compare different savings vehicles such as a savings account, CD, and money market account
Identify important criteria to consider when selecting a savings account
Make a systematic and informed decision by gathering, evaluating, and comparing information

2.4 Select a Savings Account

Last updated about 1 year ago

9 questions

Note from the author:

In this lesson, you will learn to:
Compare different savings vehicles such as a savings account, CD, and money market account
Identify important criteria to consider when selecting a savings account
Make a systematic and informed decision by gathering, evaluating, and comparing information

Instructions

In this lesson, you will learn to:
Compare different savings vehicles such as a savings account, CD, and money market account
Identify important criteria to consider when selecting a savings account
Make a systematic and informed decision by gathering, evaluating, and comparing information

What’s the Difference Between Checking and Savings? Kal Penn Explains

Required

You may be tempted to think you’re all set once you have a checking account, but it’s important to have a savings account, too. Watch this video and then write at least three ways savings accounts differ from checking accounts.

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_______ 
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Ally Bank Commercial - Would You Like a Pony?

Required

Watch this commercial for an online bank. What does this commercial imply about the financial advice you can expect when you seek to open an account?

Finances 101: Tips on Opening a Savings Account
Read this article, then answer the following questions.

Required

What account features do they recommend inquiring about?

Required

What account fees should you avoid with savings accounts?

Required

One could argue that selecting an account with minimal fees is more important than selecting a savings account based on interest rate right now. Why might this be true?

How to Open a Bank Account & What You’ll Need
Read the sections of this article titled “Opening and funding the account” and “Providing the right information.”

Required

Create a list of 3 things you would need to open a new account. (Assume you are at least 18 and you are the only one on the account.)
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_______ 

_______ 

Exit Ticket

Required

2.4 Select a Savings Account

In this lesson, you will learn to:

In this lesson, you will learn to:

2.4 Select a Savings Account

In this lesson, you will learn to:

In this lesson, you will learn to:

What’s the Difference Between Checking and Savings? Kal Penn Explains

Ally Bank Commercial - Would You Like a Pony?

Watch this commercial for an online bank. What does this commercial imply about the financial advice you can expect when you seek to open an account?

Finances 101: Tips on Opening a Savings Account

What account features do they recommend inquiring about?

What account fees should you avoid with savings accounts?

One could argue that selecting an account with minimal fees is more important than selecting a savings account based on interest rate right now. Why might this be true?

How to Open a Bank Account & What You’ll Need

Exit Ticket

What’s the Difference Between Checking and Savings? Kal Penn Explains

Ally Bank Commercial - Would You Like a Pony?

Watch this commercial for an online bank. What does this commercial imply about the financial advice you can expect when you seek to open an account?

Finances 101: Tips on Opening a Savings Account

What account features do they recommend inquiring about?

What account fees should you avoid with savings accounts?

One could argue that selecting an account with minimal fees is more important than selecting a savings account based on interest rate right now. Why might this be true?

How to Open a Bank Account & What You’ll Need

Exit Ticket

What is one reason you might use a checking account instead of a savings account?

When banks provide information about savings accounts, they typically quote the interest rates they offer (e.g. 1%) on a...

Which of the following would you expect to have the HIGHEST interest?

What is one reason you might use a checking account instead of a savings account?

When banks provide information about savings accounts, they typically quote the interest rates they offer (e.g. 1%) on a...

Which of the following would you expect to have the HIGHEST interest?