Name__________________________
1. Briefly describe how a savings account works.
2. Briefly describe how a CD works.
3. What bank do you think offers the best savings account?
4. What is the minimum opening deposit on that account?
5. What is the interest rate on that account?
6. Is the interest on that account compounded daily or quarterly?
7. Is there a withdrawal fee on that account?
8. What bank do you think offers the best CD?
9. What is the term (time period) of that CD?
10. What is the interest rate for that CD?
11. Are there any fees associated with that CD?