[Other sources] - Banking and Investment Options

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Questions 1-3

Choose the correct letters A, B, or C.

1The SIS is

A.

B.

C.

2The SIS

A.

B.

C.

3SIS accounts with the same customer number

A.

B.

C.

Questions 4-10

Complete the table below. Write NO MORE THAN TWO WORDS AND/OR A NUMBER for each answer.

SAVING OPTIONS

Savings account Minimum balance Interest information Access
Internet account None Earn good rate from first dollar. Calculated daily and paid monthly Via internet, TXT, telephone. No account or 4 fees
Stairs saver None but higher rates for bigger balances 3 tiers plus 5. Calculated daily and paid monthly Unlimited withdrawals but better to limit to once a month
6 None One interest rate, calculated daily and paid on 7 Anytime - no penalty for withdrawals

INVESTMENT OPTIONS

Investment account Minimum deposit Interest information Access
Term deposit Safe and 8 – low risk $1,000 Calculated daily and paid monthly, quarterly or at maturity. Only at maturity
9 Longer term but better returns. $5,000 Calculated daily and compounded or paid out quarterly Only at maturity
Retirement fund A certain percentage of 10 before tax Different levels of risk and return At 60