Common use of Minimum Balance and Deposit Requirements Clause in Contracts

Minimum Balance and Deposit Requirements. The minimum deposit required for you to open and maintain your IRA Share Certificate Account is $500.00. IRA Share Certificates are avail- able for Traditional IRAs, Xxxx IRAs and Educational IRAs. You must maintain a minimum daily balance of $500.00 in your IRA Share Certificate Account to receive the disclosed APY. You must maintain a minimum daily balance of $500.00 in your IRA Share Certificate Account each day to avoid closure. If during any day your Account balance falls below the required minimum, your Account will be subject to closure.