Comerica Bank Bank of America DFCU Financial

Slides:



Advertisements
Similar presentations
Financial Institution Comparison Project
Advertisements

TYPES OF BANK ACCOUNTS.
The General Ledger 4 Post to the ledger The 4 th step of the accounting cycle is to post to the ledger. 4 Post to the ledger The General Ledger is a book.
Checking and Savings Account Chapter 5. Tools of Monetary Asset Management Low-cost, interest-earning checking accounts (Type 1). Interest-earning savings.
True/False Credit unions do not provide insurance for their depositor’s savings.
Financial Algebra © 2011 Cengage Learning. All Rights Reserved. Slide SAVINGS ACCOUNTS Learn the basic vocabulary of savings accounts. Compute simple.
By: Sofia Romano That’s Life! “ A Penny Saved is a Penny Earned”
J.P. Morgan Chase Silvia Moran Period: 2.
TEST PREP 1. A. The amount you can afford to pay B. The minimum payment stated on your bill C. The minimum amount due on your debit card D. 20 percent.
Ms. DeJesus-Lowe Wells Fargo Bank
 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.
Ben Moore.  Penn Liberty Bank  Wachovia  Bank of America.
Bank Atlantic Banking/Credit Cards Research Project.
History of University credit union Established in 1947… could not find any other history on it…
REGIONS Ashley Denise McPhee. Type of Accounts Checking:Savings:  Regions LifeGreen Checking  Regions LifeGreen Secure Checking  Regions LifeGreen.
 Banco Popular  is a bank holding company which is Puerto Rico's largest bank. This bank operates branches in the U.S. and British Virgin Islands, and.
By: Enrique Montero.  Space Coast has been serving members since 1951, it is the third largest credit union in Florida and serves over 360,000 members.
Antonio Lara. Founded: 1852; Roots in banking dating to before the Civil War  PNC has grown into one of the leading financial services organizations.
 Minimum balance: none  Fees: › $12 monthly maintenance fee › Maintenance fee is applicable unless a direct deposit of $250+ is made each cycle or an.
Financial Algebra © 2011 Cengage Learning. All Rights Reserved. Slide EXPLORE COMPOUND INTEREST Understand the concept of getting interest on your.
Types of Savings Accounts Unit 2. Lesson 2.. Objectives Identify types of investing options offered by banks Compare and contrast the pros and cons of.
Bank Reconciliation. What is bank reconciliation? A process that allows individuals to compare their personal bank account records to the bank's records.
Banco Popular By: Karin Rodriguez. History The bank was founded in Puerto Rico in 1893 when the island was still under Spanish administration and was.
Natwest ISA Earn tax free interest of up to 2.50% AER (variable) on balances of at least £30,000, other rates available for lower balances. 2.50% AER.
 First Citizens Bank › 1715 Whiskey Rd Aiken (803) Notional  Southern Bank & Trust › 149 Laurens St Nw Aiken (803) National  Bank.
Unit 3: Financial Institutions & Banking Systems
Checking Accounts. What is a Checking Account? 1.A checking account is a sum of money that you deposit in a bank or other financial institution, to hold.
OBJECTIVES 3-3 SAVINGS ACCOUNTS
Section 2 17 Chapter Financial Services & Electronic Banking.
Building Bucks Basic Financial Services. Financial Institutions 3 Main Types – Banks – Credit Unions – Savings and Loan Associations (S&L) Advantages.
What is the maximum amount of money I can make in interest over 5 years with a $5,000 dollar investment? By Lauren Andrew.
Deposit Accounts Created By: Laura Kinchen. Two Categories:  Transaction deposits An account that allows transactions to occur at any time and in any.
Problem Solving Bellringer Objective: Understand Personal Banking Problem: Solve for the variable x 3x + 2 = 11.
1 NetBank Saver Hugh Harley Group Executive 6 June 2005.
Bank Accounts. Deposit Account: Deposit Account: An account at a banking institution which allows the account holder to deposit money into or withdraw.
SAVINGS ASSIGNMENT By: Grace Martin. Comerica Bank(premier checking) FEATURESFEATURES  An interest-bearing checking account  Waived fees for overdraft.
NOUR HAMMOUDE.  Where it is?  It is from a traditional bank  APY.10  Minimum balance to open the account is $100.  Fees: no fees it may reduce earning.
Checking Account: My Access Checking Savings Product: Regular savings account  24/7 Access with secure online banking  Account management on the go with.
The Bank Statement A Bank Statement is an itemized record of all the transactions in a depositor’s account over a given period of time, usually one month.
Bank Statements pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.
Alexa Yonan 1 st hour. Bank of America  Access/Basic Checking Minimum Balance: $300 or more Fees ○ No monthly maintenance fee if you meet a following.
Savings Assignment Chelsea Edwards. Credit Union One Checking – Free Instant Issue MasterCard® Debit CardInstant Issue MasterCard® Debit Card – Free Direct.
BANKING PRODUCTS. CHECKING Non interest bearing accounts FREE CHECKING Direct Deposit – for payroll; convenient for the customer Auto Pay – for utility.
Budgeting and Money Management. How to set up a budget? Budget- plan for saving and spending your income 1. Determine your income 2. Track your expenses.
Savings Accounts.  Unexpected expenses  Opportunities  Major Purchases  Flexibility  Achieve Long Term Goals.
Deposit Accounts. Two Categories: Transaction deposits  An account that allows transactions to occur at any time and in any number. AKA demand deposits.
Financial Service Providers SELECT YOUR OWN FINANCIAL SERVICE PROVIDER 1©2012 National Endowment for Financial Education | Lesson 5-4: Financial Service.
BANK COMPARISON By Rahel Kindya. Bank of America Rewards Money Market Where is it? It is from a traditional bank but has online access. APY.03 Minimum.
Advantages and Disadvantages of Investing. When you put your money into savings…  Interest rates – low  Risk – low Insured by the Federal Deposit Insurance.
4.1: DEPOSIT ACCOUNTS CHAPTER 4: DEPOSITS IN BANKS.
SECTION 4-4 pp Bank Statements.
BY: HALEY GOLD Savings Assignment. Charter One Checking Account (Personal Checking With Interest)  Minimum Balance Required: $50.00  Fees Charged: $11.99.
5.1 Deposits Savings Accounts: earn interest on the money in the account for bank’s use of your money. Deposit: Money given to the bank to hold. ◦ Deposit.
Savings Options, Features and Plans Section 2 Notes Chapter 10 Unit 4: Saving.
BANK COMPARISON MELAK AL RADHI. M Y SAVINGS DIRECT Where is it? It’s a traditional savings bank, Emigrant Bank, APY 1.25% Minimum Balance to Open= no.
Credit & Savings By Rosie Arthur.  Checking Account $50 to open account No interest No monthly service fee  Savings Account You can waive monthly fee.
Managing Money. “CHECKing” Your Money What is the most common tool to manage money? –checking account –Why? Advantages –don’t have to carry large amounts.
 Two types of banks – for profit bank and credit unions  Credit unions are local and member owned – not for profit – limited sometimes in services 
Topic 5 – Tracking Your Money
Financial Institution Comparison Project
ONLINE STATEMENTS On the main eStatements page, the user can:
OBJECTIVES SAVINGS ACCOUNTS
Financial Institution Comparison Project
Savings and Interest Lesson 4.4.
Research & Interview Summary
Savings and Interest Skill 11.
SECTION 4-4 Bank Statements pp
Review What is the difference between simple interest and compound interest? Which will earn more? What 4 methods can you use to take money out of a checking.
Financial Institution Comparison Project
Checking Accounts and Bank statements
Presentation transcript:

Comerica Bank Bank of America DFCU Financial Savings - Banks Comerica Bank Bank of America DFCU Financial

Comerica Bank Access checking account $50 minimum deposit to open account No interest $10 quarterly activity fee Unless at least one customer initiated transaction posts to the account during any of the three previous statement cycles No monthly fee if: (one) $750 minimum Ledger balance each day One direct deposit of at least $250 per statement cycle Be a full time student (up to the age of 26) $13 fee if none of the above apply Comerica Bank

Comerica Bank Statement savings account $50 minimum deposit to open account $400 minimum balance to wave monthly maintenance fees $550 monthly maintenance fee if below $400 $5 per withdrawal fee after 6 free per month Interest rate: 0.01% Comerica Bank

Bank of America My access checking $25 minimum deposit to open account Interest rate: 0% $12 monthly maintenance fee unless: $250 or more qualifying direct deposit (one) $1500 balance maintained Student (under the age of 23) Bank of America

Bank of America Regular savings account $25 minimum deposit to open account Interest rate: 0.01% $5 monthly fee unless: $25 or more combined monthly automatic transfer from Bank of America checking account $300 minimum daily balance Link to a Bank of America checking account $3 per withdrawal after 3 free a month unless a $2500 minimum balance is maintained Bank of America

DFCU Financial Free checking $20 minimum required to open account No minimum balance fee No monthly maintenance fee Interest rate: 0% DFCU Financial

DFCU Financial Savings account $5 minimum to open savings account Interest rate: 0.05% $3 monthly maintenance fee unless: Savings and checking average daily balance is $200 DFCU Financial

Bank Ratings – Checking DFCU Financial No monthly fees Bank of America $25 minimum deposit to open account $12 monthly fee Comerica Bank $50 minimum deposit to open $10 quarterly fee $13 monthly fee Bank Ratings – Checking

Bank Ratings – Savings DFCU Financial Bank of America Comerica Bank $5 minimum to open account Interest rate: 0.05% Bank of America $25 minimum deposit to open account Interest rate: 0.01% Comerica Bank $50 minimum deposit to open account Bank Ratings – Savings