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The minimum balance for a Certificate of Deposit (CD) account can vary widely depending on the financial institution and the specific terms of the CD. Generally, it ranges from $500 to $1,000, but some banks may offer CDs with lower minimums or higher amounts for better interest rates. It's important to check with the specific bank or credit union for their requirements.
What else can I help you with?
With which type of account is a minimum balance fee associated?
Checking account
How is your account balance different from your minimum balance?
Potato farms are STILL alive!
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
What is the minimum balance of a savings account?
The minimum balance of a savings account varies by financial institution and account type. Some banks require no minimum balance, while others may set a threshold ranging from $25 to several hundred dollars. Maintaining the minimum balance may help avoid monthly fees or earn interest. It's essential to check with your specific bank for their requirements.
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 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.
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.
How is your account balance different from your minimum?
300000
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.
With which type of account is a minimum balance fee associated?
Checking account
What is a frill account?
A 'No Frills' account is a basic banking account. Such account requires either nil minimum balance or very low minimum balance. Charges applicable to such accounts are low. Services available to such account is limited.
How is your account balance different from your minimum balance?
Potato farms are STILL alive!
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
Is there a bank that will allow you to open an account with no penalties for minimum balance?
No. If the bank mentions a minimum balance, if you do not maintain it, it would charge you the penalty.
What should be the minimum balance PNB saving account?
1000/-
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 Minimum daily collected balance?
The minimum sum of cash balances daily. Example - if your checking account requires a minimum daily collected balance of $500 to avoid a monthly maintenance fee, you must keep your cash balance in your checking account at or above $500.
