7073903271600Assignment 3: Banking
Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
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)
Bank of American
b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points) Bank of America has a lot of options for saving accounts. One fact is that they let you compare there rates right online at there web site. There minimum opening deposit is only $25. They also have three different options for savings account, a basic account, a costudial account , and a rewards money marketing account.
c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points) bank of America has many options for checking accounts. They offer text, online, and mobile banking. Students under 23 are abli to have the monthy maintence fee waved. The mouthly maintence fee is only $15.
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