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What is the minimum deposit required to open a savings account? (For US)

Curious about Savings accounts

What is the minimum deposit required to open a savings account? (For US)

The minimum deposit required to open a savings account can vary depending on the bank or financial institution you choose. Different banks have different policies and requirements regarding minimum deposits.

In some cases, the minimum deposit requirement can be quite low, such as $25 or even less. Other banks may have higher minimum deposit requirements, ranging from $100 to a few hundred dollars. However, it's important to note that there are also banks that offer no minimum deposit savings accounts, allowing you to open an account without any initial deposit.

To determine the minimum deposit requirement for a specific savings account, you can visit the website of the bank or financial institution you're interested in, check their account details or terms and conditions, or contact their customer service for more information.

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