0
What is the typical minimum balance of a traditional savings account?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a Minimum balance fee?
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
What is the minimum balance in sbh account?
Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !
What in the world are orange savings?
Orange Savings Account is a service provided by ING Direct. It is an online savings account with no fees and no minimum balance. It allows you to keep your original checking account and link it with your ING Direct account.
How much does it cost to own a savings account?
In India owning a savings account is free. There are no charges to open or maintain an account but you need to maintain a minimum balance as per the banks regulations & features offered. For a basic savings account Rs. 500 would be a minimum balance. For accounts with ATM cards and cheque books it would be Rs. 1000 or even more based on the bank. If you fail to maintain the minimum balance, the bank has the right to charge a penalty on your account.
What is the function of a money market savings account?
The function of a money market savings account is to earn a higher interest on your balance. Interest is based on current rates in the money markets. A minimum balance is usually required for investment.
What is the minimum balance required for STI account?
For a savings account without a checkbook, Rs500 is the minimum balance required to open and maintain the account. For a savings account with a checkbook, the minimum balance doubles to Rs1,000.
Will I need to keep a minimum balance of child savings account?
No, most banks in UAE do not ask for an minimum balance in a savings account. However, you must check with your bank for exact details.
What is a minimum balance?
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
What is a Minimum balance fee?
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
What is minimum balance in andhra bank savings account?
Rs. 250
Saving account minimum balance of ICICI?
It depends on the type of account you have. For ex:For a regular savings account you need a quarterly minimum balance of Rs. 10000/-For a Salary account - it is '0'For a Savings account with a Gold Debit card - it is Rs. 50000/- quarterly balanceEtc.
Whats the difference between an orange account and a regular savings account?
An orange account earns high interest, there are no fees attached and you do not need a minimum balance in your account. Most regular savings accounts have a minimum balance and really low interest rates.
What is the minimum balance in sbh account?
Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !
Is the minimum balance on a money market account higher or lower than on a savings account?
It is typically higher.
What are high interest savings?
They're accounts that yield higher rate than a regular savings account. There are some minimum requirements to open a high interest savings account, such as maintaining a balance and depositing a minimum amount to open the account.
What is the minimum balance required in savings account in standard chartered bank?
The minimum balance required in a savings account at Standard Chartered Bank may vary depending on the specific account type and location. It is recommended to check with the bank or refer to their official website for accurate and up-to-date information on the minimum balance requirements.
What in the world are orange savings?
Orange Savings Account is a service provided by ING Direct. It is an online savings account with no fees and no minimum balance. It allows you to keep your original checking account and link it with your ING Direct account.
