Ask Question
21 July, 20:02

1. The three main types of banks (Large Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology, convenience, personal experience, fees and savings rates. For this question, put aside all of the trade-offs and look only at savings rate offered on savings accounts. Rank the following from highest to lowest on the interest rates they offer to consumers on savings accounts.

+4
Answers (1)
  1. 21 July, 20:38
    0
    I would say first the Online Bank which has very low personnel costs could offer the highest interest rates, probably followed by the credit union in which members are all shareholders so they should receive preferential treatment, and finally the Traditional Banks which most likely have a higher overhead than the other two so the result would be lower interest rates on savings accounts to the customer.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “1. The three main types of banks (Large Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers