MEMBERS1st Account Product Offering

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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

15 Questions4 MinutesCreated by LearningNerd21

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

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

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

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

70 1/2

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