InfoGuides: *Personal Financial Literacy Resource Guide*: Chapter 4: Financial Services: Savings Plans and Payment Accounts

Chapter 4 Introduction

Using savings plans, payment accounts, and other financial services is a primary personal financial planning activity. This chapter starts with an overview of these services followed by a discussion of the changing environment of financial services caused by technology and economic conditions. Next, discussion of the different types of financial institutions is offered along with the factors to consider when selecting one. Coverage of choosing and using savings plans includes material on the types of accounts that are available. Finally, selection and use of payment methods is presented.

LO 4.1: Identify commonly used financial services

LO 4.2: Compare the types of financial institutions

Investopedia: What Are the 9 Major Types of Financial Institution?
Not all "banks" are the same. So, what's the difference?
Evaluate the Financial Health of Your Bank
Brought to you by DepositAccounts by LendingTree.

LO 4.2: Compare the types of financial institutions (FDIC and NCUA Deposit Insurance)

Electronic Deposit Insurance Estimator (EDIE)
Brought to you by the Federal Deposit Insurance Corporation (FDIC)
EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts—what's insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for their records.
FDIC Insurance Report
Find out how much of your money is FDIC insured.

Example: FDIC Insurance Report
This report shows the maximum FDIC Insurance available for all the different types of accounts.

Share Insurance Estimator
Brought to you by the National Credit Union Administration
The National Credit Union Administration's (NCUA) Share Insurance Estimator lets consumers, credit unions, and their members know how its share insurance rules apply to member share accounts—what's insured and what portion (if any) exceeds coverage limits.