Friday, August 7, 2009

How much is it to get a savings account?

I think it is $300 but im not exactly sure





Please tell me if im wrong or right.
How much is it to get a savings account?
Each bank sets their own minimum deposit to open. Most are not that high.





I think you are thinking of the balance required to avoid a monthly service charge. You may be right as many savings accounts have that $300 requirement. But it is only to avoid a service charge, not to open an account.





You can find the information your are looking for at the bank's website if you are referring to a particular bank.
Reply:Every bank is different. It does not COST you anything,, there are just minimum starting balances.





WAMU has accounts for kids with no minimum and no fees.
Reply:wamu just opened a FREE one for $1
Reply:i remember opening my first saving account when i was 11 with 77 dollars. there was no dollar minimum
Reply:every bank is different, I think 300 would be good enough for just about any bank.
Reply:Credit union usually has $5.00 minimum. It varies from bank to bank. However, most banks it is less than $100.

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