VOCABULARY
This bank service would typically offer the highest interest rate.
What is a Certificate of Deposit?
It is your responsibility to do this at least once a month.
What is reconciling your account?
A bank can do this for you and keep it safe.
What is manage your money?
This has a penalty for early withdrawals.
What is a CD?
What day of the week will we take our test?
THURSDAY!
This is not a predatory lender.
What is a Credit Union?
Banks promote this as a safeguard, but it is actually an unhealthy money lifeline.
What is overdraft protection?
This is for long term savings goals.
What is a savings account?
It is YOUR responsibility to know about these before opening an account.
What are fees?
What color is the sky on a bright summer day?
BLUE
Many Americans are this, meaning they don't have a bank account.
What is unbanked?
This federal agency insures each individual listed on an account up to $250,000.
What is the FDIC?
These types of banks require a membership based on certain criteria.
What is a credit union?
You should avoid any bank that leads to this.
What is debt?
This makes the dream work.
What is teamwork?
An overdraft on your banking account is usually a sign of this.
What is laziness?
This is not uncommon to be charged $35 for spending more money than what is in our account.
What is an overdraft fee?
What does it mean if a charge hasn't posted?
This is something all predatory banks have in common.
What is loosing money?
This is the first deduction for having a cellphone found at school.
What is 25%?
This is a traditional brick-and-mortar bank.
What is a retail bank?
Setting this up is the best way to make sure that your paycheck makes it into your bank account safely.
What is direct deposit?
This is a machine used to access the money in your account, any time, night or day.
What is an ATM?
Handling your money poorly could lead to this.
What is being blacklisted?
This is Mrs. Cowles favorite type of food.
What is Chinese?