MEMBERS1st Account Product Offering
MEMBERS1st Account Quiz
Test your knowledge about MEMBERS1st account products! This quiz covers various account types, their features, and essential details to help you make informed decisions about your finances.
Key features of the quiz:
- Multiple choice questions
- Checkbox options
- Knowledge checks on various accounts
With this type of account, a member selects a term to earn a higher interest rate, but pays a penalty to withdraw the money early.
IRA
Liquidity 1st
Set a Goal Savings
Certificate of Deposit
IRA stands for Individual __________________________ Account
Rollover
Retirement
Resources
The following accounts can be opened online:
Checking
Liquidity 1st
IRA
Holiday Club
Money Market
Virtual Coin Jar
Certificate of Deposit
Set A Goal Savings
Secondary Shares
Share Savings
This account that pays out on the 1st of November to the regular shares account.
Set A Goal Savings
Certificate of Deposit
Holiday Club
Virtual Coin Jar
This account is required for membership at MEMBERS1st.
Share Savings
Secondary Shares
Checking
The balance of Set A Goal Savings transfers to the savings (or other selected account) on the 1st of the month?
True
False
You must have a checking to utilize Bill Pay?
True
False
With this type of account members cannot write checks and minimum withdrawal amount is $500.
Certificate of Deposit
Holiday Club
Money Market
Liquidity 1st
If a member does not have e-statement and utilizes Bill Pay, what is the monthly fee for this service?
$1.07
$3.00
$6.00
There is no fee.
This account is restricted to 6 electronic items per month (which includes 3 checks).
Liquidity 1st
Money Market
Checking
The Par Value at MEMBERS1st is $5?
True
False
This account is most often opened to deposit debit card round-up “coin”.
Checking
Share Savings
Secondary Shares
Virtual Coin Jar
To withdraw fund from a Roth IRA account, the member must be how old to not incur a penalty?
59 1/2
62
65
70 1/2
Which accounts have a tiered rate based on the amount in the account? (check all that apply)
Checking
Money Market
Liquidity 1st
Virtual Coin Jar
Certificate of Deposit
Set A Goal Savings
Share Savings
IRA Certificate of Deposit
Holiday Club
Secondary Shares
On a scale of 1-10 with 1 being unsatisfactory and 10 being very satisfied. How would you rate today's training?
110
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