← 14 Questions to Ask Before Opening a Checking or Savings Account

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By Anslem Samuel | Published April 4, 2011 | Full size is 620 × 480 pixels

5. Can I afford the minimum? Some high-yielding savings accounts require a minimum initial deposit or a minimum balance in order to maintain the account. The idea of saving is to tuck money away for major investments and unexpected catastrophes. Setting those funds aside should never put you in the red because the required minimum is too high.

5. Can I afford the minimum? Some high-yielding savings accounts require a minimum…

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