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What does it mean for a savings account to have a minimum balance

User Arul
by
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2 Answers

4 votes

Explanation:

You have to retain a certain amount of money

in that account forever. Say you need $50 to

start an account, you have $200 in that account.

You cannot take out more than $150 from that

account.

User Maksym Dudyk
by
6.1k points
6 votes

Answer:

A: If you do not keep at least that much money in the account, you will be assessed fees.

Explanation:

User Hakim Abdelcadir
by
6.3k points