BUSINESS MATH”



Compare checking and savings accounts from three banks here in New Paltz.

Your goal is to figure out which bank offers you the most and which bank you would consider opening an account with? And why?

Here are four banks. Choose three to compare.

M and T bank -

Ulster Savings Bank



Citizens bank -

Chase Bank -

Directions

1. Click on Checking and savings account from each different bank

2. You will see several different types of accounts. Look for the accounts made for kids/ student’s youngest then age 18. If they do not have an account specifically for students then look at the banks basic checking/savings account

3. Record what you find in the charts below.

| |Bank name: | |

| |Checking Account |Savings Account |

|Name of Account | | |

| | | |

|Is there a minimum deposit fee to | | |

|open up an account? | | |

| | | |

| | | |

| | | |

|What are the highlights of this | | |

|account at this particular bank? | | |

| | | |

| | | |

| | | |

|Is there a monthly Maintenance fee?| | |

|If so what is it? | | |

| | | |

| | | |

|What are the drawbacks of this | | |

|account at this particular bank? | | |

| | | |

| | | |

| | | |

|Is it possible to avoid fees? If so| | |

|how? | | |

| | | |

| | | |

| |Bank name: | |

| |Checking Account |Savings Account |

|Name of Account | | |

| | | |

|Is there a minimum deposit fee to | | |

|open up an account? | | |

| | | |

| | | |

| | | |

|What are the highlights of this | | |

|account at this particular bank? | | |

| | | |

| | | |

| | | |

|Is there a monthly Maintenance fee?| | |

|If so what is it? | | |

| | | |

| | | |

|What are the drawbacks of this | | |

|account at this particular bank? | | |

| | | |

| | | |

| | | |

|Is it possible to avoid fees? If so| | |

|how? | | |

| | | |

| | | |

| |Bank name: | |

| |Checking Account |Savings Account |

|Name of Account | | |

| | | |

|Is there a minimum deposit fee to | | |

|open up an account? | | |

| | | |

| | | |

| | | |

|What are the highlights of this | | |

|account at this particular bank? | | |

| | | |

| | | |

| | | |

|Is there a monthly Maintenance fee?| | |

|If so what is it? | | |

| | | |

| | | |

|What are the drawbacks of this | | |

|account at this particular bank? | | |

| | | |

| | | |

| | | |

|Is it possible to avoid fees? If so| | |

|how? | | |

| | | |

| | | |

Which Bank you would open a checking account at? And Why?

Which Bank you would open a Savings account at? And Why?

What information do you need to open an account?

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