Features and Benefits assignment

In this assignment, you will need to determine 2 features and 2 benefits for a bank product or service. A feature is a fact about a product or service, a benefit is an advantage or positive effect the product or service provides.

For example:

A certificate of deposit has features that include:

1) They are issued for 30 days, 90 days, 6 months, 1 year, up to 5 years.

2) Interest can be compounded annually, interest is paid by check annually, or interest is directly deposited in a checking account annually.

A certificate of deposit has benefits that include:

1) A customer can match the term of the certificate of deposit to the term when they need the money.

2) Interest can increase the value of the certificate of deposit by compounding the interest or the interest can be paid if customers rely on the interest for additional income.

1. Identify 2 features and 2 benefits for checking accounts.
2. Identify 2 features and 2 benefits for on-line bill payment.
3. Identify 2 features and 2 benefits for overdraft protection (line of credit).
4. Identify 2 features and 2 benefits for a car loan.
5. Identify 2 features and 2 benefits for a home equity line of credit.

Class: BUS 200- Principles of Banking

Book: Principles of Banking, 11th edition, American Bankers Association

Principles of Banking BANK Principles of Banking BANK