EchoSolitude
Mon Sep 23 2024
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5 answers
1252
What is the minimum amount you can have in a money market account?
I'm curious to know, what is the minimum amount that one must maintain in a money market account? I understand that these accounts offer a higher interest rate than traditional savings accounts, but I'm not sure if there's a specific balance threshold that I need to meet in order to open and maintain the account. Could you please elaborate on the minimum amount requirement, and perhaps also mention any potential fees or penalties that might be associated with falling below this threshold?
