Choose one Financial Institution to research! Obtain information about your choice by going online. Fill in the worksheet below.
Name of Institution: / Address: / Phone Number:
When was this Institution founded?
SAVINGS ACCOUNTS:
Annual Interest Rate / Minimum Balance Required
CDs
List the different types of CDs that are available!
What is the annual interest rate for the CD with the LONGEST time frame?
What is the annual interest rate for the CD with the SHORTEST time frame?
Why would the interest rates be different for different time frames?
What is the minimum deposit for any CD?
Personal Checking Accounts
List the different checking accounts.
Choose two different accounts and compare the following information:
Checking Account #1 / Checking Account #2
Minimum Deposit to Open Account?
Minimum Balance Required
Monthly Service Charge
Interest Rate (If Applicable)
Per Check Fee
Other Benefit
Other Benefit
Other Services
Banking Hours / Phone Service
Locations: / Online Banking Fees
ATM Availability
BANKING NEWSLETTER ASSIGNMENT
Using the information that you have learned today create a Newsletter informing me, Mrs. Johnson, about Banks!!
You may use a Newsletter Template in Word 2007 and fill in your own information. Here’s how to find those templates: Open Word, Click on the Office Button and go to NEW. Choose the Word [Newsletters] from the left-hand window and then browse through the different newsletters available. When you have chosen a Newsletter that suits you click on the download button.
Keep your newsletter to ONE page maximum!! Make sure that your name is somewhere on the newsletter and give your newsletter an interesting title.
Please include the following information in your Newsletter:
· Why Banks are necessary
· What are the different financial institutions? (Explain)
· What are the different banking services? (Explain)
· Explain the different checking accounts
· How do you open up a checking account?
· What is the signature card?
· What will you leave the bank with when you open up an account?
· Describe the different endorsements.
· What are the Pros and Cons of online banking?
· Please include any other interesting information that you feel would enhance the presentation of your newsletter
· When you are finished Save your newsletter as [Banking Newsletter]
· Print to the color printer and hand in.
· This assignment is worth 40 points!!