Assignment 2: LASA: Finding Your Best Bank PLEASE FOLLOW THE DIRECTIONS CAREFULLY!!
FIN201: Module 3 Assignment 2
Using the large National Bank, Regional/Local Bank, and Credit Union you identified in your Module 1 Assignment 2, compare each institution based on the following categories:
| Categories | National Bank: Chase https://www.chase.com/ | Regional/Local Bank” Fifth Third Bank https://www.53.com/ | Credit Union Faith Community Credit Union https://www.faithcommcu.com |
| Checking Accounts:
| Chase Total Checking $25 min, $12 monthly fee Chase Premier Plus $25 min, $25 monthly fee Chase College Checking $25 min, $6 monthly fee | Essential Checking No min, $11 monthly fee Enhanced Checking $50 min, $20 monthly fee Preferred Checking $50 min, $25 monthly fee | Checking Account No min, one-time $5 membership fee |
| Savings Accounts:
| Chase Savings $25 min, $5 monthly fee Chase Plus Savings $100 min, $20 monthly fee | Goal Setter Savings $50 min, $0 monthly fee Relationship Savings $50 min, $0 monthly fee
| Miscellaneous Savings No min, one-time $5 membership fee |
| ATM:
| 16,000 ATM nation wide $2.50 for using a non-Chase ATM | 2600 ATMs $2.50 for non-bank ATM | 5,076 Alliance-One surcharge-free ATMs |
| Credit Cards
| Chase Sapphire Preferred APR 16-23%, $95 annual fee Chase freedom unlimited APR 14-23%, $0 annual fee over 22 other credit cards to choose from | Trio Master Card APR 14,74-23.74%, $0 annual fee Truly Simple Card APR 12.73-23.74%, $0 annual fee | No information available on website. Must be a member to access. |
| Loans:
| Auto loans starting at 2.59% Mortgage starting at 3.5% 30 year rate | Personal loan 4.82% Mortgage loan $4.82% | Student Loan 5.74% to 11.85% Mortgage 4.250% 30 year rate |
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