Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Evaluate what banking services are most important to you with a score of 10 for the most important and 1 for the least. You

1. Evaluate what banking services are most important to you with a score of "10" for the most important and "1" for the least. You must score a commercial bank, savings institution, credit union, and two other institutions from 1-10 on what is important. Then with the five institutions with respect to the services offered, rate the institutions from "5" as the best for that service to "1" as the worst. Two parts: Rate the services from 1=10 and rate the institutions from 1-5 with the services that are offered. The template will calculate scores for each institution. Banking Services Scorecard COMMERCIAL BANK SAVINGS INSTITUTION CREDIT UNION INSTITUTION 4 INSTITUTION 5 SERVICES OFFERED PRIORITY RANK SCORE RANK SCORE RANK SCORE RANK SCORE RANK SCORE 1. Hours of operations - evenings, Saturdays 2. Locations - proximity to work and home 3. Fees/Minimum balance for checking accounts 4. Fees for ATM usage 5. Interest rate on savings accounts 6. Interest rate on checking accounts 7. VISA/MasterCard available and annual fee 8. Interest rate on home loans 9. Interest rate on car loans 10. Safety deposit boxes and rental rates TOTAL SCORE FOR EACH INSTITUTION Decisions 1. Describe the services and characteristics that are of prime importance to you in a financial institution. 2. Which of the financial institutions you evaluated is most optimal for your needs? Why?

I wanted to use PNC Bank, Metropolitan Savings Bank, any credit union, Charles Swaab for an institution and any other kind for the fifth institution. Have to rate the 5 from 1=10 with the 10 services listed and Then with the five institutions with respect to the services offered, rate the institutions from "5" as the best for that service to "1" as the worst Please answer these questions Describe the services and characteristics that are of prime importance to you in a financial institution. 2. Which of the financial institutions you evaluated is most optimal for your needs? Why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Secured Finance Transactions

Authors: Dominic RM Griffiths

2nd Edition

1787425142, 978-1787425149

More Books

Students also viewed these Finance questions

Question

=+How do they differ from an HR point-of-view?

Answered: 1 week ago

Question

Why could the Robert Bosch approach make sense to the company?

Answered: 1 week ago