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 Share Certificate Account is $1,000.00. You must maintain a minimum daily balance of $1,000.00 in your Share Certificate Account each day to obtain the disclosed APY. You must maintain a minimum daily balance of $1,000.00 in your 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.