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Banking Services Personal Financial Plan Goals 1. Identify the banking services that are most important to you. 2. Determine which financial institution will provide you
| Banking Services | |||||||||
| Personal Financial Plan | |||||||||
| Goals | |||||||||
| 1. Identify the banking services that are most important to you. | |||||||||
| 2. Determine which financial institution will provide you with the best banking services. | |||||||||
| Analysis | |||||||||
| 1. Evaluate what banking services are most important to you with a score of 10 for the most | |||||||||
| important and 1 for the least. Then evaluate up to three financial institutions with respect to the services | |||||||||
| offered; input the institution's SCORE (5 as the best for that service to 1 as the worst). The template | |||||||||
| will calculate TOTAL scores for each institution. For your reference, input the RANK (1 is the best, 3 is the worst) | |||||||||
| Banking Services Scorecard | |||||||||
| SERVICES OFFERED | PRIORITY | RANK | SCORE | RANK | SCORE | RANK | SCORE | ||
| 1. Hours of operations - evenings, Saturdays | |||||||||
| 2. Locations - proximity to work and home | |||||||||
| 3. Fees/minimum balance for chequing accounts | |||||||||
| 4. Fees for ABM usage | |||||||||
| 5. Interest rate on savings accounts | |||||||||
| 6. Interest rate on chequing 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? | |||||||||
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