Question

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

Answer 1

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.

Answer 2

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

Explanation: