What rates of interest would you earn on those accounts

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Questions: It may be wishful thinking today, but someday, hopefully, you may have a lot of money to put somewhere other than in a pillow case or in a shoe box in your closet! For this discussion let's say you have $350,000 -- half in cash -- (legally obtained of course) -- to put in a bank. You probably won't need $300,000 for a year. (For now, let's focus on deposit accounts -- Chapter 3.)

Discuss these things:

1) You want to use one bank. What accounts, or combination of accounts, would you choose? How much in each account? Why?

2) What rates of interest would you earn on those accounts at today's rates? (You'll have to do some research about your bank.)

3) What bank deposit regulations might apply?

Reference no: EM133364309

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