Investment Comparison

Investment 1:
.03

Investment 2:
.03

Investment 3:
Depends on the
length of an
account

500

50

500

5 a month

5 a month

25

FDIC approved

FDIC approved

FDIC approved

500-25000

500-25000

3 months-12 years

Normal charges

Normal charges

7-364 days- 1%

Annual Interest
Rate

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

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

Safety (insured
by FDIC, NCUA,
other

Date to Maturity

365 days-35
months-2%

Penalty for early

withdrawal

36 months or
greater-

50

50

3%
500

.219-.353

Goal setter savings

Minor savings

529 savings

Up-front cost or
commission, if
any

Service Charges,
Fees

Investment Comparison
Investment
Objectives
(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) I am doing the
minor savings because I am not a legal adult. Surprised me how
much each of the different types cost.
2. What investment option could you start in the near future? 529 Savings
3. What is the most important aspect of investing for you? Being smart and
saving money
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. 15
years old she started and opened her own account and saving for
college and senior year. Important to save anything and open a little
account in case of emergencies. Research to see if there is any fees
or any amount of money they are trying to take from you.