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Financial Institutions

AB
Commercial Banksfull service financial institutions that offer a variety of services
Credit Unionsnonprofit financial cooperations owned by its members
Savings and Loansfinancial institutions that provide loans and mortgages to customers who hold a savings account
Payday Loanslenders sometimes considered "predatory lenders" because they charge such high interest rates
Checking Accountaccount where paper checks or debit cards are used to withdraw deposited money
Loanborrowed money
Savings Accountaccount where paper checks or debit cards are used to withdraw deposited monday
Interest Ratea percent that is paid on money in a band account or money owed



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