Third Question: Which Checking Account Should You Get?
3. Choose the answer that shows the smartest decision you can make.
1. | You can get an interest-bearing checking account at this bank if you keep $500 in your account. You will be paid 3% interest on your balance, as long as it is above $500. This same bank offers a regular savings rate of 5% if you keep money in a savings account instead of a checking account. |
2. | You can get an interest-bearing account at this bank if you keep $200 in your account, and don't write more than 5 checks a month. After 5 checks, you will pay 50 cents per check and 50 cents per Debit Card use. The account pays 3% interest, and the bank savings account also pays 3% interest. |
3. | You can get an interest-bearing account at this bank as long as you keep $25.00 in your account, and you can write as many checks as you want. The checking account pays the same interest at the bank's savings account. |