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Essay

Discussion Board/Unit 1

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Issue:

Business

 

Written by:

Maxine O

 

Date added:

October 12, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 255

 

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3212 times

 

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Essay content:

He didn't favor CDs; although, the union had them available. He pointed out that interest rates on the new money market accounts were around 4% and didn't require "freezing" your money for a year or more. He also indicated that the union could offer a super NOW account that would allow the Helms to close their current unproductive checking account with Mid-City...
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This account would give them unlimited check writing privileges with no service charges and would pay 3% interest; however, it would require a minimum balance of $2500. If their balance went below the minimum in a month, interest would be only 2%. The Helms left the credit union without taking any action...
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