1. Evaluate what banking services are most important to you with a score of "10" for the most important and "1" for the least. You must score a commerical bank, savings institution, credit union, and two other institutions from 1-10 on what is important. Then with the five institutions with respect to the services offered, rate

the institutions from "5" as the best for that service to "1" as the worst. Two parts: Rate the services from 1=10 and rate the institutions from 1-5 with the services that are offered.

The template will calculate scores for each institution.

Banking Services Scorecard

COMMERCIAL BANK

SAVINGS INSTITUTION

CREDIT UNION

INSTITUTION 4

INSTITUTION 5

SERVICES OFFERED

PRIORITY

RANK

SCORE

RANK

SCORE

RANK

SCORE

RANK

SCORE

RANK

SCORE

1. Hours of operations - evenings, Saturdays

2. Locations - proximity to work and home

3. Fees/Minimum balance for checking accounts

4. Fees for ATM usage

5. Interest rate on savings accounts

6. Interest rate on checking accounts

7. VISA/MasterCard available and annual fee

8. Interest rate on home loans

9. Interest rate on car loans

10. Safety deposit boxes and rental rates

TOTAL SCORE FOR EACH INSTITUTION

Decisions

1. Describe the services and characteristics that are of prime importance to you in a financial institution.

2. Which of the financial institutions you evaluated is most optimal for your needs? Why?