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Wor ld banks


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Wor ld banks

  1. 1. worLd Banks<br />FinancialInstitution <br />
  2. 2. <ul><li>savings accounts are a critical part of everybody's financial picture. If you need a safe place to keep money, a bank savings account is often a good choice. Here’s a quick review of what savings accounts are and why you might want to have a bank savings account.
  3. 3. savings account is a type of accountdesigned to simply hold money that you do not need immediate access to. When contrasted with checking accounts, bank savings accounts tend to pay a slightly higher rate. </li></ul>Saving Account<br />
  4. 4. <ul><li>A checking account is a service provided by financial institutions (banks, savings and loans, credit unions, etc.) which allows individuals and businesses to deposit money and withdraw funds from a federally-protected account. The terms of a checking account may vary from bank to bank, but in general a checking account holder can use personal checks in place of cash to pay debts. He or she can also use electronic debit cards or ATM cards to access individual accounts or make cash withdrawals.Manage Your Checking AccountView Your BalanceView Your StatementOrder ChecksFind Your Routing NumberActivate Your AccountGet Account Alerts</li></ul>Checking Account<br />
  5. 5. mortgages<br /><ul><li>A mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.
  6. 6. Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor such as Fannie Mae, or Freddie Mac. The process of selling a loan from the mortgage bank to another investor is referred to as selling the loan on the secondary market.</li></li></ul><li>Certificates of Deposit<br />A certificate of Deposit (CD) is a time deposit, a financial product commonly offered to consumers in the United States by banks, thrift institutions, and credit unions.<br />CDs are similar to savings accounts in that they are insured and thus virtually risk-free; they are "money in the bank". CDs are insured by the<br />Federal Deposit Insurance Corporation (FDIC) for banks<br />National Credit Union Administration (NCUA) <br /> for credit unions<br />