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

You must deposit less than that amount of money into the account every month or you will be charged a fee.


You must deposit at least that much money into the account every month or you will be charged a fee.

If the amount of money you have in the account drops below the minimum, the interest rate will increase.

You must have the minimum amount of money in your checking account before you are allowed to open a savings account.