Investment Comparison

Investment 1:
money market
Bank of America
.03%

Investment
2:Regular
Savings Account
Bank of America
.01%

Investment 3:
Custodial
Savings Account
Bank of America
.01%

$25

$25

$25

Keep $2500 in your

account all the
time

$300 minimum
daily balance

$300 minimum
balance

Fdic

Fdic

Fdic

Until saving goal is

met

Right now

Right now

none

None

None

None

None

None

$12 monthly fee if

you accounts
arent linked

$5 without linked
account

$5 without linked
account

Personal saving

Personal saving

Childs savings
account

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

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) option 2 because
I dont have the money for the 1st one, least likely is option 3 because Im
going to be 18 next week. How easy it was to start. Going to the bank
2. What investment option could you start in the near future? Option 1 because
I should have that much money soon
3. What is the most important aspect of investing for you? Make low risk 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 grandpa started investing when he got paid in ford stock, he was in his early
20s, he wanted to retire early and he did he retired at 53, he always tells me to
make sure its a good investment or see if you could do it for cheaper.