Depository Institutions
Cierra Lukenda
Commercial Banks
Usually the largest depository institutions
Open to anyone who wants to utilize a depository institution
Checking and savings accounts
Safety Deposit Boxes
Overdrafts
Open to anyone who wants to utilize a depository institution
Checking and savings accounts
Safety Deposit Boxes
Overdrafts
Credit Unions
Are often able to pay higher interest rates and charge lower fees
Saving and investment accounts
Don't require a minimum balance
Lower rates on loans
Checking and savings accounts
Saving and investment accounts
Don't require a minimum balance
Lower rates on loans
Checking and savings accounts