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| Name: | 0 | | | | Date: | June 3, 2019 | | | | | | | 12 |
| Comparing Savings Plans |
| Purpose: To compare the costs and benefits associated with different savings plans. |
| Financial Planning Activities: Analyze advertisements and contact various financial institutions to obtain the information requested below. |
| Suggested Websites: | | www.bankrate.com | | www.nerdwallet.com | | | www.savingsaccounts.com |
| Suggested App: | | Savings Plan |
| | | | | | | | | | | | | | Your Personal Financial Plan |
| Type of savings plan (regular savings account, certificates of deposit, interest-earning checking accounts, money market accounts and funds, U.S. savings bonds) |
| Financial institution |
| Address/phone |
| Website |
| Enter: Annual interest rate as a percentage (%) |
| Enter: Frequency of compounding (periods per year, for example, annual = 1, monthly = 12, weekly = 52, daily = 365, ...) |
| Result: Annual percentage yield (APY) | | | 0.0000% | | | 0.0000% | | | 0.0000% |
| Insured by FDIC, NCUA, other |
| Maximum amount insured |
| Minimum initial deposit |
| Minimum time period savings must be on deposit |
| Penalties for early withdrawal |
| Services charges/transaction fees, other costs, fees |
| Additional services, other information |
| What's Next for Your Personal Financial Plan? |
| * Based on this savings plan analysis, determine the best types for your current and future financial situation. |
| * When analyzing savings plans, what factors should you carefully investigate? |
BAEK
KDH_FPF5e_PFP_Ch_04.xls
