Lecture Notes on Financial Accounts and Services

Flashcards covering various personal and business accounts, loans, insurance products, and services discussed in the lecture.

Gold Account

Free loyalty savings account given to every member at GoldenWest.

Presidents Club

Members with $50,000 or more on deposit.

Matrimony Account

Account for newlyweds.

Christmas Club Account

Account to save for holidays.

Insured Money Market Account

Offers security and flexibility in a savings plan.

Individual Retirement Account (IRA)

A tax-deferred or tax-free way of saving for retirement.

Education Savings Account (ESA)

Account to save for education expenses.

Health Savings Account

Account designated for healthcare savings.

Kids Club Account

To teach kids to save money.

Smart Start Account

Account for individuals between 13-25 years old.

Smart Pay Checking

A checking account with a debit card and benefits.

Auto Loans

Loans for purchasing automobiles.

RV Loans

Loans for purchasing recreational vehicles.

Utility and Cargo Trailer Loans

Loans for utility and cargo trailers.

Motorcycle Loans

Loans for purchasing motorcycles.

Boat Loans

Loans for purchasing boats.

ATV Loans

Loans for purchasing all-terrain vehicles.

Camper Loans

Loans for purchasing campers.

Personal Watercraft Loans

Loans for purchasing personal watercraft.

Snowmobile Loans

Loans for purchasing snowmobiles.

Adjustable Rate Mortgage

A mortgage with rates that adjust periodically.

Construction Loan

A loan to fund the construction of a new home.

Lot Loan

A loan to purchase a plot of land.

FHA Mortgage

Mortgage insured by the Federal Housing Administration.

First Time Home Buyer Program

A program to assist first-time homebuyers.

Home Equity Line of Credit

A line of credit secured by the equity in your home.

Reverse Mortgage

A mortgage designed for senior homeowners.

VA Mortgage

Mortgage guaranteed by the Department of Veterans Affairs.

Investment Property Loan

A loan for purchasing property for investment purposes.

Reloadable Cards

Visa cards that can be reloaded with funds.

Auto insurance

Auto insurance coverage.

RV Insurance

Insurance coverage for recreational vehicles.

Umbrella policies

Umbrella insurance policies provides liability coverage beyond the limits of other policies.

Flood Insurance

Financial protection against losses from a flood.

Business Insurance

Insurance coverage for business needs.

Health Insurance

Insurance coverage for health-related expenses.

Medicare Insurance

Insurance coverage for senior citizens.

Life Insurance

Financial protection for beneficiaries upon the insured's death.