Savings Tools
Depository Institutions
Checking Accounts
E-Banking
General Info
100
This type of savings tool pays the least amount of interest.
What is a savings account.
100
These are the 2 types of depository institutions.
What are banks and credit unions.
100
This type of account makes paying the bills much easier.
What is a checking account.
100
Make deposits or withdrawals, check balances and transfer money from one account to another are all the transaction possibilities you can do on this machine.
What is an ATM.
100
One you need to live and the other makes living a little nicer.
What is wants and needs.
200
This type of savings tool pays more interest than savings, but less than a CD.
What is a money market savings account.
200
These are reasons depository institutions are better choices than your piggy bank when it comes to saving money.
What are interest and safety.
200
If you're going to use your debit card you'd better have this or you won't be able to pay this way.
What is a PIN.
200
It's fast, paperless, convenient, open 24/7 and can be done worldwide.
What are benefits of or reasons people are conducting e-banking.
200
If you use this type of endorsement and lose your check anyone can cash it.
What is a blank endorsement.
300
This is how a certificate of deposit is different than other savings tools.
What is you put in a lump sum of money that can't be added to and select a period of time for the money to remain in the account.
300
These are the depository institutions that can be found in Selah.
What are Banner bank, Wells Fargo, US bank, Homestreet bank and Solarity
300
This stand in for money is also legal document.
What is a check.
300
On the phone, over the internet, using a computer or using an ATM.
What are ways to conduct e-banking.
300
To cover emergencies and the unexpected, to allow us to purchase large ticket items and to make retirement possible.
What are reasons to save money.
400
You'll have to have enough money to meet the minimum balance, often $1000, to open this account and will be limited on the number of withdrawals you can make.
What is money market deposit account.
400
This business offers financial services like savings and checking accounts.
What is a depository institution.
400
If you don't want to write a check you could swipe this instead.
What is a debit card.
400
Memorize your PIN, don't write the PIN down and keep it with the card, change the PIN if you suspect someone knows it, don't tell others your PIN, report lost or stolen cards immediately and keep copies of the front and back of your card.
What are things that will keep you safe when e-banking.
400
If you put money in savings before you pay the bills you're using this strategy.
What is pay yourself first.
500
This is how you can make a CD pay a better rate of interest.
What is select a longer time period.
500
This is who insures banks and credit unions so their depositors money is safe.
What are FDIC and NCUA.
500
You owe money, get charged fines and mess up your chance of getting credit.
What is what happens when you bounce a check.
500
Using this when conducting e-banking transactions can allow others to steal your information out of thin air.
What is using public WIFI.
500
These are the factors that affect how quickly your money will grow in a savings tool.
What is interest rate, amount of money and time.
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