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
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
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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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?
Read this article, then answer the following questions.
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?
Read the sections of this article titled “Opening and funding the account” and “Providing the right information.”
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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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?