BANK RESEARCH PROJECT

Trusting someone else with your money is quite risky; in this day and age who you bank with is basically the ones who hold your security in their fingers. Their choices affect your day-to-day life. If they aren’t FDIC insured, you could lose your whole life’s savings if they go under. Scary as it seems to trust a bank, it is necessary considering you need your money to grow with the economy and the best way to do that is through an account at a local bank. The four main types of financial institutions are: commercial banks, savings and loans, mutual savings as well as credit unions. These associations distribute and take in hundreds of billions of dollars each year. Each person who has made the decision to bank must then decide what type of organization he or she will bank with. After talking with representatives from the four financial institutions, I felt that the one that best served my personal needs was the Educational Employee...