Investment Comparison

Annual Interest
Rate

Investment 1:
Savings
.15%-25%

Investment 2:
CD
.4%

Investment 3:
Chase Savings Plus
.03%

$10

$1,000-9,999

$100

100 after 3 months

None

Minimum balance
of 15,000

NCUA

NCUA

FDIC

None

1 Year

None

None

Yes

$5 if under
$15,000

$10

$1000

$100

None

None

None

Saving

Personal saving

College

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
(retirement,
personal saving,
college, other)

Investment Comparison
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) Ai would prefer a
savings account with the credit union because I do not want any fees or
costs. The least helpful one would be the savings plus from Chase because I
would not be able to go past the $15,000 minimum. I was surprised on how
high a minimum was required for the Savings Plus account. The most difficult
part was deciding what kind of invest objective I had.
2. What investment option could you start in the near future? savings
3. What is the most important aspect of investing for you? The accessibility of
my 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. My
mom got a job at 15 and worked every day she had 6 hour shifts, my mom
requests that I get a job.