Question

Jeff wants to open a basic savings account. He should go to a financial services company a commercial bank an insurance company a trust company or a savings and loan association an investment bank a credit union an asset management company to open the account

Answer 1

A commerical bank is your average everyday bank. Most poeple who have basic savings accounts use this type of bank to store the money at. A commerical bank offers services such as checking and savings accounts, loans, investments and financial planners. Starting at a commerical bank will have many opportunties for intial deposits.

Answer 2

A savings and loan association would be the best choice for Jeff. This would allow him to make a basic savings deposit. This type of bank is better suited for the small-volume depositor and are usually more local in their influence.