Investment Comparison

Investment 1:
.03%

Investment 2:
.03%

Investment 3:
Dependent on
length of account

$500

$50

$500

$5 a month

$5 a month

$25

FDIC approved

FDIC approved

FDIC approved

$500-$25000

$500-$25000

3 months-12 years

Normal banking
charges

Normal banking
charges

$50

$50

7-364 days- 1%
365 days-35
months-2%
36 months or
greater-3%
$500

$5

$5

.219%-.353%

Goal setter savings

account

Minor savings
account

529 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
(retirement,
personal saving,

Investment Comparison
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)
Probably the minor savings account since Im not an adult yet. Cheap to open so
it would be good for me. 529 savings accounts would be the least because Im
not that far yet in life. Finding the information was the most difficult part.
2. What investment option could you start in the near future? 529 savings
account
3. What is the most important aspect of investing for you?
Saving 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.
Its good to start investing and saving at a young age, always have money saved
up as a backup.