Is there a minimum balance required for a money market account? There is a minimum deposit required to open a money market account ($2,500). When money market accounts have a …

A $2,500 minimum balance must be maintained to earn dividends on MMSA accounts. Should the balance in a Jumbo MMSA account fall below $100,000, the dividend rate paid will be the …

Apr 10, 2025 · Maintaining the minimum balance in a money market account is crucial for several reasons. Falling below the required minimum can have a variety of impacts, ranging from …

A money market account typically has a higher opening and minimum balance requirement than traditional savings accounts, often around $2,500. Money market accounts can include checks …

MMAs typically require a minimum balance (anywhere from $1,000 to $25,000) to earn dividends or avoid monthly fees. These accounts have no stated maturity date, and members can …

Apr 7, 2025 · Depending on your bank or credit union a money market minimum balance to open can be as little as $100 up $1,000 or more. Money market accounts are primarily designed for …

According to the Federal Deposit Insurance Corp., money market accounts generally require a higher initial deposit and minimum balance when compared to other savings accounts. This …

Aug 18, 2025 · Money markets usually require a substantial amount of money to open and require a minimum balance to earn interest. To open a money market account at WeStreet, you need …

Nov 13, 2025 · Minimum balance requirements: Like other deposit accounts, your bank may require you to keep a minimum daily balance. Amounts vary by bank, but $2,500 is a common …

Nov 7, 2025 · Minimum balance requirements – MMAs often require a higher initial deposit and minimum balance than standard savings or checking accounts. Failure to maintain this …