Financial Products Role Cards

Give one brochure to each of the four departments: accounts, mortgages, loans, and credit cards. The bank employees will
have to explain these financial products.

Credit Cards Mortgages

Visa Classic: Fixed rate mortgage

Card Specifications 6.9 % annual interest rate on

Annual Fee Free 15-year mortgage.
Interest Rate 18.5%
Maximum $2000 7.4 % annual interest rate on
Credit 25-year mortgage.
Daily Cash $500
Advance Rate is fixed.

Penalty for paying off the

mortgage early.
Visa Platinum: 5 year variable rate
mortgage
Card Specifications
Annual Fee $80 4.5% annual interest rate on
Interest Rate 19.5% 4-year mortgage.
Maximum $15,000
Credit 4.9% annual interest rate on
Daily Cash $1,000 5-year mortgage.
Advance
Rate is variable. If interest
Every dollar spent earns rates go up then the interest
air miles, which can be rate on the mortgage goes up.
used to buy an airplane
ticket. Can pay off mortgage early
with no penalty.

Accounts Short Term Business Loans

Basic Account Fixed Rate Business Loan

Monthly fee $4 Set up fee $100.00

Interest Rate 1% Interest Rate 7.5%
Free Debits 15 Maximum Loan $10,000.00

Extra Debits $0.50

Minimum None
Balance

Super Saver Variable Rate Business Loan

Monthly fee none
Interest Rate 3.5% Set up fee none
Free Debits 2 Interest Rate 4.5%
(Prime + 1%)
Extra Debits $0.50 Minimum Balance $50,000.00
Minimum $5000.00
Balance

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