PNC CERTIFICATE OF DEPOSIT

Froggy Jumps

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MULTIPLE QUESTIONS ON PRESENTATION

Créé par

Foyiyi twisty

Colombia

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PNC CERTIFICATE OF DEPOSIT


Froggy Jumps PNC CERTIFICATE OF DEPOSITVersion en ligne MULTIPLE QUESTIONS ON PRESENTATION par Foyiyi twisty 1 1. What is a Certificate of Deposit (CD)? a savings product with a fixed interest rate and a fixed term. b A checking account with unlimited transactions c A money transfer service. 2 How does a CD work? a Customers can deposit and withdraw money anytime. b Customers earn rewards points for every purchase. c C. Customers deposit money for a selected term and earn interest until maturity. 3 What happens if a customer withdraws money before the CD matures? a There is no penalty b The interest rate increases c An early withdrawal penalty may apply 4 Are PNC Certificates of Deposit insured? a They are insured by the Federal Reserve. b No, they are not insured. c They are FDIC insured up to the maximum amount allowed by law. 5 Can customers make additional deposits after opening a CD? a No, additional deposits are not allowed after the CD is opened b Only if the interest rate changes. c Yes, anytime during the term. 6 What happens when a CD reaches its maturity date? a The money is automatically transferred to a checking account. b CD reniews for the same term unless customer provides different instruction in grace period c The interest rate remains the same forever. 7 7. Which of the following is a benefit of opening a Certificate of Deposit (CD) with PNC Bank? a Unlimited monthly deposits. b Variable interest rates that change daily. c Fixed interest rates, FDIC insurance, and guaranteed returns if held until maturity. 8 What is the minimum opening deposit required to open a standard PNC Certificate of Deposit (CD)? a 100 b $2,500 c $1,000 9 What is the range of CD terms offered by PNC Bank? a From 7 days to 10 years b From 1 year to 20 years c From 30 days to 5 years

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PNC CERTIFICATE OF DEPOSIT

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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PNC CERTIFICATE OF DEPOSITVersion en ligne

par Foyiyi twisty

1. What is a Certificate of Deposit (CD)?

How does a CD work?

What happens if a customer withdraws money before the CD matures?

Are PNC Certificates of Deposit insured?

Can customers make additional deposits after opening a CD?

What happens when a CD reaches its maturity date?

7. Which of the following is a benefit of opening a Certificate of Deposit (CD) with PNC Bank?

What is the minimum opening deposit required to open a standard PNC Certificate of Deposit (CD)?

What is the range of CD terms offered by PNC Bank?