Save the file in your course folder, and name it with Assignment, the segmentation number, and your first initial and last name. For example, Jessie Robinsons assignment 1R for Section 1 would be named Assignment1JRobinson.
Type the answers to the assignments questions. Use complete sentences unless the question says otherwise. You get under ones skin out have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
look into Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment 3: Banking
(12.0 points)
1. Visit the website of a large guinea pig bank, regional bank, or credit summation, and use the information you get wind there to answer the questions below. EXAMPLE: Some large banks you cogency consider include Bank of America®, JPMorgan Chase®, rise up Fargo®, Citibank®, and U.S. Bank®.
a. What is the name of the bank or credit union? (0.5 points)
bank of America
b. List three facts about savings flyer options at the bank or credit union you chose. (3 sentences. 1.0 points)
emersion money market savings- Tiered variable interest point (for example, $10,000.00 to $24,999.99 earns a 0.
10% APY)
May be eligible for an interest rate bonus by setting up a monthly automatic transfer of at least $250Footnote 1
Make deposits and withdrawals with a teller, ATM, Online Banking or direct deposit
Use for Overdraft Protection by linking to your checking nib to help prevent declined transactions and overdraft fees
risk free CD- have intercourse the persistent return of a CD with penalty-free access to your moneyFootnote 2
9 month term with 0.26% APY
$5,000 minimum opening balance
featured CD- A longer term savings solution with a fixed return
12 month term with 0.40% APYFootnote 3
$10,000 minimum opening balance
rule-governed savings- Eligible with our Keep the Change® program with matching savings of up to $250Footnote 4
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