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Week 8 Check-In
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1)
What account and bank has the highest interest rate? What is the rate? How much money must you have to get this rate?
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2)
Which account has unlimited debit transactions at no extra cost?
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3)
What trends in fees do you notice about savings accounts with higher interest rates compared to ones with lower interest rates? Why do you think this may be so?
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4)
Which two banks waive the chequing account monthly fee if you uphold a minimum balance? Why might the bank rather you maintain a balance in a chequing account than to charge a flat fee?
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5)
After comparing all the different accounts, which one do you think would be the best for you? Why? Which bank is it from? Include information about the number of transactions, additional fees, and interest you earn in your explanation.
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