Topic: The process of a Certificate of Deposit
Specific Purpose: To inform my audience of the different types of ways they can invest their money.
Thesis Statement: Today I want to discuss with you a new way of investing your money- a CD- and what it takes from you and your Financial Institution to establish one.
Attention Material: How many of you have a savings account? I bet none of you are earning more then 2% at the most.
Thesis Statement: Today I want to discuss with you a new way of investing your money- a Certificate of Deposit (CD)- and what it takes from you and your Financial Institution to establish one.
Preview: Many of you are unaware of the different types of savings accounts that are available to you today. You as a consumer need to be aware of the advantages a CD has compared to a standard savings account, how to go about setting up a CD, and the processes a Financial Institution has to go through to start up a new investment.
Transition: Let's begin by understanding what a Certificate of Deposit is.
First Main Point: A CD is a savings account that allows you to save money for a shorter period of time, while earning a higher interest rate.
Sub point @ This type of account has a fixed rate and accrues daily.
Sub- Sub points: For example, if you open your CD with and interest rate of 6.5% for either 1 month to 60 months it can not change no matter how bad the economy is doing.
Sub- Sub points: When a CD accrues we at the bank multiply your interest rate by your principle for each day. A saving account on the other hand may only accrue interest monthly.
Sub point B: Unlike the standard savings account, a customer can choose wether to receive their interest by check or to automatically deposit it into another account.
Sub- Sub points: This helps the customer because they cannot alter their principle but still receive payments.
Transition: Let's look at how you
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