Lessons from Mr. LeBlanc



Financial Institution Comparison Name ___________________________

A. Visit Fifth Third Bank’s website at

1. View the home page of their website. Identify various incentives or promotions they are advertising.

2. Locate the approximate distance of the nearest branch to your home.

3. Identify and describe three online/mobile services this bank provides.

|Service |Description |

| | |

| | |

| | |

4. Identify what is offered through the various accounts:

|Account |Description |Minimum |Interest Rates |Penalties |

| | |Balance | | |

|Goal Setter | | | | |

|Savings | | | | |

|Relationship | | | | |

|Savings | | | | |

|Relationship | | | | |

|Money Market | | | | |

|3 Year CD | | | | |

|Essential | | | | |

|Checking | | | | |

5. Identify the various offerings and rates for the following loans:

|Loans |Description |Interest Rates |Requirements |Penalties |

|Private Student | | | | |

|Loans | | | | |

|Auto Loan | | | | |

|$10,000.00 | | | | |

|48 Month | | | | |

|Used Car | | | | |

6. Select one credit card offered from the institution and research the following information:

|Card Name |Purpose |Perks |Interest Rates |

| | | | |

| | | | |

B. Visit Michigan Schools and Government Credit Union at

1. View the home page of their website. Identify various incentives or promotions they are advertising.

2. Locate the approximate distance of the nearest branch to your home.

3. Identify the purpose of this credit union and who is allowed to join as members today.

4. Identify and describe three online/mobile services this bank provides.

|Service |Description |

| | |

| | |

| | |

5. Identify what is offered through the various accounts:

|Account |Description |Minimum |Interest Rates |Penalties |

| | |Balance | | |

|Regular | | | | |

|Savings | | | | |

|Silver | | | | |

|Savings | | | | |

|Money Market Checking | | | | |

|3 Year CD | | | | |

|Checking Account | | | | |

6. Identify the various offerings and rates for the following loans:

|Loans |Description |Interest Rates |Requirements |Penalties |

|Auto Loan | | | | |

|$10,000.00 | | | | |

|48 Month | | | | |

|Used Car | | | | |

7. Select one credit card offered from the institution and research the following information:

|Card Name |Purpose |Perks |Interest Rates |

| | | | |

| | | | |

C. Visit your banks website – or choose another financial institution – for comparison _________________

1. View the home page of their website. Identify various incentives or promotions they are advertising.

2. Locate the approximate distance of the nearest branch to your home.

3. If a Credit Union: Identify the purpose of this credit union and who is allowed to join as members today.

4. Identify and describe three online/mobile services this bank provides.

|Service |Description |

| | |

| | |

| | |

5. Identify what is offered through the various accounts: (Find accounts similar to other institutions)

|Account |Description |Minimum |Interest Rates |Penalties |

| | |Balance | | |

|Savings | | | | |

|Savings | | | | |

|Money Market | | | | |

|3 Year CD | | | | |

|Checking | | | | |

6. Identify the various offerings and rates for the following loans:

|Loans |Description |Interest Rates |Requirements |Penalties |

| | | | | |

|Private Student | | | | |

|Loans | | | | |

|Auto Loan | | | | |

|$10,000.00 | | | | |

|48 Month | | | | |

|Used Car | | | | |

7. Select one credit card offered from the institution and research the following information:

|Card Name |Purpose |Perks |Interest Rates |

| | | | |

| | | | |

Financial Institution Analysis

1. Based on what you researched, which institution offers the overall best services and rates?

Use at least three reasons to support your answer.

2. What questions after researching do you still have regarding banking? What new questions have developed?

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