Click here to enter text.9/15/18

Choosing a BankAcademic

Use the decision-making process to select a financial services provider for your personal use. Be sure to consider your criteria as you company the services of at least three providers.

Directions:

Preview the Required Criteria below to plan for your assessment.

Be sure to list criteria that are important to you when you access and use financial services.

Check with at least three financial institutions to gather details about the services they offer. Consider visiting a local institution and/or gathering information from a company Web site.

Analyze how each of the options aligns with your criteria. Take into consideration future needs and opportunities.

Choose the institutional option that best meets your needs.

Explain how your choice matches your financial goals.

Required Criteria / Status
  1. You show evidence of using the decision-making process to compare providers of financial services.
/ complete / not complete
  1. You list at least three criteria of what you need and/or want for a provider of financial services.
/ complete / not complete
  1. You list details of three financial services provider options.
/ complete / not complete
  1. You summarize how each option aligns with your criteria.
/ complete / not complete
  1. You state a rationale for how the final decision best meets your criteria.
/ complete / not complete

Your Score:

Score / Rating / Explanation
20 / Exemplary / Your performance meets or exceeds all of the criteria detailed in the scoring guide.
There may be a minor flaw, but there are no major flaws or errors.
There is evidence that you will be able to repeat or continually improve this performance independently and could teach this competency to other learners.
18 / Commendable / Your performance meets all of the criteria detailed in the scoring guide.
There may be one or more minor flaws, but there are no major or critical errors.
There is evidence that you will be able to repeat or improve this performance independently.
16 / Acceptable / Your performance meets minimum standards for the criteria.
There may be two or more minor flaws, or one significant, but not critical, flaw.
You may have taken multiple attempts before achieving an acceptable performance.
There is evidence that you could repeat or improve this acceptable performance independently or with minimal coaching
14 / Developing / Your performance shows evidence that learning is progressing.
Your performance does not yet meet the criteria at an acceptable level.
0 / Deficient / Evidence of learning is absent or does not show evidence of acceptable performance according to the criteria detailed in the scoring guide.

Assessment and Assignment Scores for Unit 5 Only

Teacher Feedback:
Step One: List at least three criteria that are important to you when you access and use financial services. Add more lines if you need them.:

  1. Click here to enter text.

Step Two: Fill in the chart with information from three different financial institutions.

Be sure to add lines for any criteria that you listed in Step One that do not already appear in the chart.

General Information
Name of Bank/Credit Union
Nearest Location (town)
Bank Hours (Office)
Number of Locations
Number of ATMs
Free Online Banking (Y/N)
Savings Account Info
Name for Basic Savings Account
Interest Rate
Minimum Balance Required to avoid fees
Fee for dropping below minimum balance
Checking Account Info
Name for Basic Checking Account
Interest Rate
Monthly Service Charge
Minimum Balance Required to avoid fees
NSF Fee (fee for bouncing a check)
Fee to use an ATM at another bank/credit union

Step Three: Write a paragraph or two explaining which institution you chose and why you think this institution best meets your needs.

Click here to enter text.