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  • Depository Institution Research 2 2 1 A6 1

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    Find a depository institution that offers at least one type of checking account and one type of savings account. Decide whether or not you should become a customer of this depository institution.

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    depository institution research 2 2 1 a6 1

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    Find a depository institution that offers at least one type of checking account and one type of savings account. Decide whether or not you should become a customer of this depository institution.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1K views3 pages

    Depository Institution Research 2 2 1 A6 1

    Uploaded by

    api-295404572
    Find a depository institution that offers at least one type of checking account and one type of savings account. Decide whether or not you should become a customer of this depository institution.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Page|31

    2.2.1.A6

    DepositoryInstitutionResearch

    TotalPointsEarned

    Name

    TotalPointsPossible

    Nick

    Date

    Percentage

    Class

    Directions:Completeeachsectionbelowbyfollowingthedirectionsprovided.

    BeforeResearch
    Whatwouldbethethreemostimportantthingsyouwouldlookforinadepositoryinstitution?(3points)
    1. Location

    2. Insurance

    3. Fees

    Research
    Findadepositoryinstitutionthatoffersatleastonetypeofcheckingaccountandonetypeofsavings
    account.Decidewhetherornotyoushouldbecomeacustomerofthisdepositoryinstitutionbyconducting
    researchandansweringthequestionsinthetablebelow.(15pointsforcompletion)

    Whatisthenameofthedepositoryinstitutionyouareresearching?

    Fifth third Bank


    Whattypeofdepositoryinstitutionisit?
    CommercialBank

    CreditUnion

    Other.Pleaseindicatethetype:

    Location:
    Doesthisdepositoryinstitutionhaveaphysicallocationorisitavailableonlyonline?Iftherearephysicallocations,how
    manylocationsdoesthedepositoryinstitutionhave?
    Onlineonly
    Physicallocation(s)available
    Onlyonelocationavailable
    Multiplelocationsavailablelocally
    Multiplelocationsareavailableacrossthestate
    Multiplelocationsareavailableacrossthenation
    Other.Pleaseexplain:

    TakeChargeTodayAugust2013IntroductiontoDepositoryInstitutions
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

    Page|32
    2.2.1.A6

    Insurance:
    Isthisdepositoryinstitutioninsured?
    Yes
    No
    Checkingaccount:
    Doesthedepositoryinstitutionoffermorethanonetypeofcheckingaccount?Ifso,chooseonecheckingaccountand
    answerthequestionsbelow.
    Onlyonetypeofcheckingaccountisavailable
    Multipletypesofcheckingaccountsareavailable.
    Whichcheckingaccountdidyouchoose?

    Arethereanyfeesassociatedwiththischeckingaccount?Ifso,canyouavoidthefee(s)bymanagingyouraccount
    responsiblyoristhereanonavoidablefee(s)?Explain.
    Nofees

    Fees:

    Doesthecheckingaccountofferunlimitedcheckwriting?Ifnot,whatisthelimit?
    Unlimitedcheckwriting

    Limitedcheckwriting.Whatisthelimit?

    Whatisoneotherthingyouwouldliketoknowaboutcheckingaccountsbeforemakingyourdecision?
    There's accounts specifically for if you write checks a lot or if u need multiple
    accounts.

    Savingsaccount:
    Doesthedepositoryinstitutionoffermorethanonetypeofsavingsaccount?Ifso,chooseonesavingsaccountand
    answerthequestionsbelow.
    Onlyonetypeofsavingsaccountisavailable
    Multipletypesofsavingsaccountsareavailable.Whichsavingsaccountdidyouchoose?

    Whatisthecurrentinterestrateonthesavingsaccount? Iftherateisnotlistedonline,whatemailorphonenumber
    couldyouusetolearn?
    competitive

    Arethereanyfeesassociatedwiththissavingsaccount?Ifso,canyouavoidthefee(s)bymanagingyouraccount
    responsiblyoristhereanonavoidablefee(s)?Explain.

    goal setter savings

    Nofees

    Fees:

    Isthereanyotherinformationthatisimportanttoconsideraboutthissavingsaccount?

    TakeChargeTodayAugust2013IntroductiontoDepositoryInstitutions
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

    Page|33
    2.2.1.A6

    FeaturesOffered
    Doesthedepositoryinstitutionofferdebitcardsaspartoftheiraccounts?
    Yes

    No

    Howmany(ifany)ATMsdoesthedepositoryinstitutionhave?
    ATMsarenotavailable

    ATMsareavailable.DescribehowyouknowATMsareavailableinyour
    desiredlocation.

    Doesthedepositoryinstitutionofferonlineand/ormobilebanking?

    Onlinebankingisnotavailable

    Onlinebankingisavailable

    Onlineandmobile
    bankingisavailable

    OtherServices:
    Describeoneotherservicethisdepositoryinstitutionoffers.
    Mobile banking

    Otherinformation:
    Whatisoneotherpieceofinformationthatisimportanttoknowifdecidingwhetherornottobecomeacustomerof
    thisdepositoryinstitution.

    ResearchReflection
    Afterexaminingyourresearch,isthisadepositoryinstitutionthatyouwouldbecomeacustomerof?Makesureto
    considerthethreeitemsyouidentifiedasimportantfactorstoconsiderwhenchoosingadepositoryinstitution.Answer
    thisquestioninawellwrittenparagraph.Provideatleastthreereasonstosupportyourdecision.(21pointsseerubric)

    TakeChargeTodayAugust2013IntroductiontoDepositoryInstitutions
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

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