Checking Account
To take out money out your account.
What is a Withdrawal?
This can increase the amount of your savings account.
What is an interest rate?
You should consider Annual Percentage Rate (APR) and Fees when getting this.
What is a credit card?
This type of service stores valuable personal items.
What is a safe-deposit box?
This type of depository institution usually pays a higher interest rate on deposits, charges lower interests on loans, and charges lower fees.
Individual, joint checking, business checking account.
What type of checking account are there?
This can grow or increase with your interest rate.
What is a savings account?
This can result in a decrease in credit score.
What is debt?
This service provides information and assistance with a wide range of financial topics.
What is financial advice?
Businesses that provide financial services.
What are Depository Institutions?
It's a way to keep your money safe, easy to manage your money, and more paying options.
What are checking accounts for?
Its a fee when you take money out of your savings account.
What's the penalty fee?
Paying it off on time can help build your credit history.
What is Credit Card Debt?
This service allows for secure payment methods.
What is a special needs payment instrument?
This is found at commercial banks and credit unions.
What are financial services?
This makes it easier to pay for everyday items
What are fast transactions?
This is easy to open and access.
What's the advantage of opening a savings account?
The interest rate, security component and term.
What are the components of a loan?
You can get this at your local bank or credit union.
Where can I get a safety deposit box?
This requires a Parent/Guardian signature.
What must under-18 people get to open an account?
High interest rates and no (or low) monthly fees.
What features should I look for in a savings account?
Look for banks that charge low or no fees, a bank that supports your life style, and bank reviews.
How do you choose a bank for your savings account?
Keep balances low on credit cards and pay your bills on time.
How can someone improve their credit score?
There are traveler checks, certified checks, cashier checks, or money orders
What are types of secure payment?
The U.S. corporation insuring deposits in the U.S. against bank failure.
What is the Federal Deposit Insurance Corporation?