Investment Comparison

Investment 1:
Regular Savings
Account
.01%
Annual Interest
Rate

Investment 2:
529
Interest rate will
remain the same
until maturity date

Investment 3:
Minor Savings
Account
Competitive
interest rate

$25

$500

$50

No monthly fee is
you maintain a
$300 minimum
balance

$25

1 year credit when

account reaches
goal

FDIC

FDIC

FDIC

Until you reach

your goal

3 months to 12
years

$10

1% of principle
withdrawal

You set your goal

and it has to be
between $500$2500
Normal banking
charges

$25

$500

$50

$5 each month

2.19% - .353%

$5 a month

Savings

College Savings

Child savings
account

Minimum Initial
Deposit (e.g.
$500, etc.)

Minimum
Subsequent
Deposit
(Monthly,
Weekly, Every
Pay, etc.)

Safety (insured
by FDIC, NCUA,
other

Date to Maturity

Penalty for early

withdrawal

Up-front cost or
commission, if
any

Service Charges,
Fees

Investment
Objectives

Investment Comparison
(retirement,
personal saving,
college, other)

1. Which investment seems to be the best option for you? Why? Which is the
least? Why? What surprised you the most when researching your
investments? What was the most difficult part? (give detail)
The investment that seems to be the best option for me would be
the savings account. I say this because I can put money in here to
save it for my future plans and make a little money over time. The
one least best for me would be the minor savings account. I say this
because I am 18 already, so it would be no good anymore. The most
difficult part of this was finding the right information to put in each
section.
2. What investment option could you start in the near future?
The investment option I could start in the near future would be a
savings account.
3. What is the most important aspect of investing for you?
I would want to open a savings account so I can save money and
make money over time so I will have it later.
4. Discuss investing with an adult who has investments (of any kind). Ask how
they started investing, what age they began investing, why they invest, and
what they recommend/suggest before starting any kind of investment.