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(The bank did not advance the funds to cover a check.)Fees to use another banks ATM: charge for using an ATM that is not owned by the account holders bank.Online access:Whether or not the bank allows you to access your account information online. Consumer Loan Comparison: Using:  HYPERLINK "http://www.mycreditunion.gov/about-credit-unions/pages/interest-rate-comparison.aspx" http://www.mycreditunion.gov/about-credit-unions/pages/interest-rate-comparison.aspx research and fill in the Consumer Loan rates below: Type of Consumer LoanCredit Union Average %Bank Average % 48 Month New Car Loan  36 Month Used Car Loan  Credit Card Loans Why do you think used car rates are higher?What is an unsecured loan?Which type of institution has the best rates? Why do you think that is? Savings & Personal Loans: Using:  HYPERLINK "http://www.mycreditunion.gov/about-credit-unions/pages/interest-rate-comparison.aspx" http://www.mycreditunion.gov/about-credit-unions/pages/interest-rate-comparison.aspx research savings rates comparing Bank versus Credit Union, and a teaser rate (only from the Credit Unions) Type of Savings AccountCredit Union Average %Bank Average % 5 year CD interest rates  Personal Home Loans  Research the following What is a Teaser Rate? Minimum balance needed to begin a youth/student checking account?Perks of the accountSECU School Employees Credit Union  HYPERLINK "http://www.becu.org" www.becu.org 1. 2. 3. 4. Chase Bank  HYPERLINK "http://www.chase.com" www.chase.com 1. 2. 3. 4. Checking Account Comparison: Using  HYPERLINK "http://www.bankrate.com" www.bankrate.com, research four different checking account offers (traditional vs. online, interest vs. non-interest accounts: Click on What are you looking for? Savings/Checking Select type- Checking account Select product based on information below. Name of InstitutionAPY (Annual Percentage Yield)Minimum Balance to OpenMinimum Balance To Avoid FeesMonthly FeesNSF Fees Other ATMs Traditional Bank Non -Interest Checking __________ Name of InstitutionAPY (Annual Percentage Yield)Minimum Balance to OpenMinimum Balance To Avoid FeesMonthly FeesNSF Fees Other ATMs Traditional Bank Interest Checking ___________ Internet - Based Bank Interest Checking ___________  Why is there no APY for non-interest checking? What does interest checking require a minimum balance?Which of the above accounts would you choose and why?Describe 3 key things that you should look for when choosing a savings account1. 2. 3.List the 3 closest banking institutions near your home1. 2. 3.Research the 3 banks and chose the best savings account option. Why is it the preferred one? Give 3 reasons to support your answer.Research the 3 banks and chose the best Checking account option. Why is it the preferred one? 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