Da Test Wallet Hub

#1 a) Go to 1stbankyuma.com. List what products they offer to consumers. (Example: checking accounts)  Checking Accounts;  Savings Accounts;  Certificate Accounts;  Consumer Loans;  Residential Loans;  Retirement & Education;  Credit & Debit Cards;  Additional Services (Mobile Banking, Night Drop, Safe Deposit Boxes, E-Statements).

#1 b) Do they also offer car loans to consumers? Yes, they do offer car loans to consumers:

#1 c) Find the APY and Interest Rate of the 1st Rate Rewards Checking Account. Note: Mention all important aspects and please provide the link where you found the information.

1st Rate Rewards Checking Account : 

Minimum Balance: $25,000.1;



Interest Rate: 0.05%;



APY: 0.05%.

Monthly Requirements Must Be Met: 

Minimum Balance: No Minimum Balance Required;



Interest Rate: 1.49%%;



APY: 1.50%.

Source: https://www.1stbankyuma.com/rates

#2 Read this wikipedia.org . Based on the first formula listed on the page, calculate a checking account’s APY if the interest rate was 1.34% and it was compounded daily for one year. Note: Please write out the exact formula and the inputs that you used in order to come to the final answer. APY = (1 + 1.34%/365)365 - 1 APY = (1 + 0,0134/365)365 - 1 APY = (1 + 3,671)365 - 1 APY = 4,671365 – 1 APY = 2,1 607 – 1 APY = 1,1607. #3 a) Go to capitalone.com. List the interest rates for their money market accounts. Note: Please also provide the link where you found the information.

Account Balance

Annual Percentage Yield (APY)

$0 - $9,999.99

0.85%

$10,000 or more

2.00%

Source: https://www.capitalone.com/bank/savings-accounts/online-money-market-account/#id_rates

#3 b) Go to wachovia.com, entering 22201 as your zip code. Does the Way2Save savings account have any restrictions or special requirements? If so please list them below.  Minimum opening deposit: $25;  Monthly service fee: $5;  Avoid the monthly service fee when you maintain one of these options:  A $300 minimum daily balance OR ;  A recurring, automatic savings option2 OR  Are under the age of 18 (19 in AL) and are the primary owner of this account.

#4 a) Go to firstambank.com and list all the mortgage products we need to include for a loan-to-value equal to 80%. FIXED FHA Loan-to-Value <96.5%

Term: 30 YEAR Rate (%): 4.1250

Annual Percentage Rate (%): 4.8690

Points (%): 0

#4 b) Go to unionsavings.com . For which saving products does the interest rate not fluctuate based on the balance?

The interest rate does not fluctuate based on the balance for STATEMENT SAFINGS and CLUB SAVINGS ACCOUNT. #5 Go to bankofthewest.com and find out the maximum number of Overdraft fees that a customer can be charged in one day, for a checking account.

Daily Maximum: No more than five (5) Overdraft and/or Returned Item Fees will be applied on any one (1) Business Day per checking or money market Account.