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Several other Internet banks are offering around 6percentt annually, but they generally require minimum deposits of $500 or more and may have other restrictions.
ING's newest addition, an online bank, will feature a savings account paying 6.5percentt interest -- triple the rate at most established banks, but about on par with Internet banks that require minimum deposits of $1,000 or so to open an account.
Timo does not require minimum deposits to open CASA (Current Account, Savings Account) accounts, but it does have such stipulations for products such as secured credit cards.
The fact that the service has no required minimum initial deposit, in combination with the very low fee structure, makes it the perfect service for people with little or no experience investing.
It is offering a 5percentt rate on savings accounts, with no required minimum balance or fees, and has collected $1.5 billion in deposits.
Required Minimum Distributions.
Required Minimum Distribution Worksheets.
Inspect the new required minimum payment disclosures.
Only credit union members may apply; joining usually requires a minimum deposit of $25 or so.
It requires a minimum deposit of about $15, making it accessible to just about anyone.
The dealer may also require a minimum deposit, often around £100.
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