Investment Comparison

Investment 1:
Goal setter

Investment 2:
minor account

0.03%

0.03%

$50

$50

Investment 3:
529 savings
account
Remain the same
until the maturity
date, dependent on
length of account
$500

$5 per month, first

6 months is waived

$5 a month

$25

$250,000

FDIC approved

FDIC approved,
529 tax advantage

Goal you set, the

day you picked to
reach your amount
none

Set goal, must be

between $50025,000
Normal banking
charges

3 months to 12
years

$50

$50

$500

$5, ATM fee of $2

overdraft fee of
$25 for first
overdraft, $37 for
every overdraft
after that,
overdraft

$5 a month

$25, .219%-.353%
service fees,

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

Penalty for early

withdrawal

7-364 days: 1%
365 + : 2%
36 months + : 3%

Up-front cost or
commission, if
any

Service Charges,
Fees

Investment Comparison
protection fee of
$12
Savings
Investment
Objectives
(retirement,
personal saving,
college, other)

Minor savings

529 savings
account

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 minor account would be the best because it doesnt really have service
charges or any other additional fees. The least best option would be the goal
setter because there is so many additional service charges.
2. What investment option could you start in the near future?
I could start a goal setter savings account or a 529 savings account.
3. What is the most important aspect of investing for you?
I would open a savings account to save money in the long run.
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.
Get a savings account or invest in any kind of savings account. Start as early
as you can!!!! Mrs. Miller