Cash Management Accounts Research
October 13, 2011

Objective:
Becoming familiar with the personal financial planning process.

Learning Outcomes:
Students will achieve a moderately to highly skilled status by showing proficiency in the following:

• Understand financial challenges.
• Learn about the personal financial planning process
  • Evaluate your financial health
    • Learn about record keeping

Coursework Procedure:
I would like you to look up information about:

1. a checking account
2. a savings account
3. a money marker deposit account
4. a certificate of deposit (CD)
5. a money market mutual fund
6. and a asset management account.

For each one I would like you to answer:

1. Does it pay interest and how much? (% rate)
2. What are the fees (ex: monthly fee, per check fee, etc.)
3. Can you write checks? And are they limited?
4. Is there a minimum balance required or a minimum investment? How much?
5. Who guarantees it? (FDIC, NCUA, no one, etc.)

Write your answers for each one of these five questions for the six types of accounts above. Your work should resemble this example:

1. Some bank's checking account
   1. They pay 1% interest.
   2. There are no fees
   3. You are allowed unlimited check writing
   4. There is a minimum of a $100 balance required
   5. Guaranteed by the FDIC
2. Some other bank's savings account
   1. They pay 1.5% interest.
   2. There are no fees...

And so on...

Due Date(s) and Submission Instructions:
This assignment is due on Monday, October 17, 2011.

FIN 1050 - PERSONAL FINANCE
Grade Levels: 11-12
Units of Credit: 3 credit hours (SLCC)
Course Number: FIN 1050
Prerequisite: None

Study of financial skills essential for economic success. Subjects: Financial planning, fin. services, income taxes, consumer buying, insurance, retirement planning & estate planning.