Personal Finance Essay

620 WordsOct 24, 20123 Pages
Personal Finance 1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®. a. What is the name of the bank or credit union? (0.5 points) - Chase b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points) -Free automatic savings programs - Free online banking - Free account alerts. c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points) - Earns interest, no fee for Chase design checks, no fee for Safe Deposit box. d. Does this bank or credit union offer online banking? (0.5 points) - Yes e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.0 points) -I would you it as a bank. I trust its quality and information. 2. Visit the website of a second large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. a. What is the name of the bank or credit union? (0.5 points) - Wells Fargo b. List three differences you found between the accounts and features this bank or credit union offers and the bank from question 1 above. (1-3 sentences. 1.0 points) -Monthly service fee, there's an opening deposit, no online alerts. c. Which of the two banks or credit unions that you researched would you be most likely to choose to open an account with? Why? (2-4 sentences. 2.5 points) - I would probably

More about Personal Finance Essay

Open Document