Team 1
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Team 2
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Teams
Name
Score
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15
×
A deposit account that has unlimited withdrawal and deposit privileges.
Liquid Account
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Check
Okay!
Check
15
×
Account for which the interest rate applied is based on the balance maintained.
Tiered Rate Account
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Check
Okay!
Check
×
baam
Lose 25 points!
Oops!
×
shark
Other team loses 10 points!
Okay!
×
gift
Win 25 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
How long is CIT Banks grace period for term accounts?
10-calendar days
Oops!
Check
Okay!
Check
×
eraser
Reset score!
Oops!
×
gift
Win 20 points!
Okay!
×
shark
Other team loses 5 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
Deposit account where money is deposited for a specific amount of time.
Term Account or Certificate of Deposit (CD)
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Check
Okay!
Check
15
×
Period after maturity date on a term account to transact without penalty.
Grace Period
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Check
Okay!
Check
15
×
A rate that will not change during the life of a deposit.
Fixed Rate
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Check
Okay!
Check
15
×
Stated rate on an account when compounding of interest is considered, expressed as a percentage. Reg. D requirement
Annual Percentage Yield (APY)
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Okay!
Check
15
×
A forfeiture of funds on a term account for early withdrawal.
Early Withdrawal Penalty (EWP)
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Check
Okay!
Check
15
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Rate subject to change during the life of a deposit or loan.
Interest
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Check
Okay!
Check
15
×
Interest on Interest
Compound Interest
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Check
Okay!
Check
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seesaw
Swap points!
Oops!
×
shark
Other team loses 5 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
15
×
For a deposit account, the rate of interest paid on ac account w/o regard to compounding.
Interest Rate
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Okay!
Check
×
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