This Project is Due Nov 26th

In your assigned group conduct the following research. The final product should be a Word Document or Power Point Presentation.

1-    Explore the different accounts offered by three financial institutions: checking accounts, savings accounts and credit cards.

2-    Pick the accounts that would fit the needs of each of these individual in the scenarios below:

1. A student attending College Full-time who works part-time. This student cannot get direct deposit in his account and his average balance per month is $100.
2. A single parent caring for a child going part-time to college and working full-time. This parent is able to get direct deposit. The average balance of the account would be $300.
3. A retired couple moving to Boston from California. They’re looking to start a new banking relationship. They have a total of $100,000 in their retirement account. Their average monthly balance is $1500.00 and they get social security checks direct deposited in their accounts.

3-    Explain why you picked those accounts for each scenario. What are the monthly fees if any and how can they waive them?

4-    What did you learn from your research on this project?

5-    Is there any bank that you would recommend over another? Why?

6-    Did this project make you think about moving your banking relationship? If yes to where? Why?