What would you say is the rate of your interest in this SLD
This bank account type has the lowest average interest rate of all the types we went over today.
What is a checking account?
Gov. Agency that enforces national bank guidelines and reimburses depositers if their bank fails and can't give their money back
What is the FDIC?
What is not touch my money for the expected period of time?
You shouldn't put money into this bank account unless you know you won't need it until the withdrawal date.
What is a CD (Certificate of Deposit)?
The thing a bank protects your money from.
Will accept:
What is fire?
What is theft?
What is fraud (if it's FDIC insured)?
What is other answers I can't think of right now that I'll say yes to day of?
This bank account's interest is fixed.
What is a CD (certificate of deposit)?
The year the FDIC was founded
What is 1933?
The thing you receive when you don't follow the requirements outlined by your bank.
What is a fee?
If you want to write a check to someone, you won't be able to use money from this bank account.
What is a savings account?
The service you need to use to cash your money without a bank account.
What are check-cashers?
Some banks give you this card with a savings account.
If you find out a bank is this, you shouldn't put your money there
What is not insured by the FDIC?
The number of times you used to be able to withdrawal money from a savings account before 2020.
What is 6?
This bank account is best for businesses to make filing for taxes easier.
What is a business checking account?
The thing FDIC stands for.
Federal Deposit Insurance Corporation.
This bank account had the largest range of average interest rates that we went over today.
MMAs (Money Market Accounts)
The amount of money each depositer receives if their FDIC-insured bank goes bankrupt.
What is up to $250,000?
For this bank account, minimum balances and minimum deposits are typically higher.
What is a MMA (Money Market Account)?
The money in this bank account is usually used pretty quickly compared to the others
What is a checking account?
(Will accept: What is an MMA? because it also has a debit card attached to it)
The thing going through my head while trying to come up with 25 Bank Account themed Jeopardy questions
Will accept:
What am I doing with my life?
What is a bank account even?
Why can't we just burn all the money and live in a mutually beneficial Marxist commune?