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Imagine that you need to set up personal checking and savings accounts. Before you
make your decision, you've decided to create a feature comparison grid to more easily
analyze your options.
• Conduct online research. Identify three banks to use in your feature comparison grid.
• Open a new spreadsheet document and label the first column "Features."
In the rows under the Features column header, list 4-5 features to compare across the
three banks. Your feature list should answer these questions:
• What fees do they charge?
• What interest rates do they offer on savings accounts?
Do they offer other services, like credit cards and small loans?
• Do their services require a minimum balance, or set limits on the number of withdrawals you
can make each month?
• How many no-fee ATMs are in their network?
• What are their options for online and mobile banking?
. Add columns for each of the three banking options. Research each bank's website for the
information needed to complete the feature grid.
.
. For each feature, add the relevant information from your online research about that bank
For example, if the first feature is "Number of free ATMS nearby," then add that
information across all three product columns until all cells in the matrix are complete



Answer :

GinnyAnswer
To set up personal checking and savings accounts, creating a feature comparison grid can help you analyze your options effectively. Here's a step-by-step guide on how to do it:

1. Identify Three Banks: Research online and choose three banks for your comparison grid.

2. Create a Spreadsheet: Open a new spreadsheet and label the first column as "Features."

3. List Features: Under the "Features" column, list 4-5 features to compare across the three banks:
- What fees do they charge?
- What interest rates do they offer on savings accounts?
- Do they offer services like credit cards and small loans?
- Do their services require a minimum balance or set limits on withdrawals?
- How many no-fee ATMs are in their network?
- What are their options for online and mobile banking?

4. Add Bank Columns: Create columns for each of the three banking options in the spreadsheet.

5. Research Information: Visit each bank's website to gather information for the feature grid.

6. Complete the Grid: Fill in the relevant information from your research in the grid:
- For example, if the feature is "Number of free ATMs nearby," enter this information for all three banks in the respective columns.
- Ensure all cells in the matrix are complete with accurate details for comparison.

By following these steps, you can effectively compare different banks based on key features and make an informed decision when setting up your personal checking and savings accounts. This process will help you assess which bank aligns best with your financial needs and preferences.

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