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  2. Opening a savings account? Here’s what to know - AOL

    www.aol.com/opening-savings-account-know...

    Annual percentage yields (APYs) on top high-yield savings accounts are currently 4.5% and above, according to Bankrate. ... Minimum balance requirements for traditional savings accounts can range ...

  3. The Average Minimum Balances for Online Savings Accounts - AOL

    www.aol.com/average-minimum-balances-online...

    In fact, the typical online savings account has no minimum balance at all, compared to minimum balances of hundreds of dollars required by many financial institutions with physical branches ...

  4. How to find and open a high-yield savings account - AOL

    www.aol.com/finance/how-to-open-high-yield...

    Many traditional banks come with minimum deposit requirements to open an HYSA or a minimum monthly balance to avoid maintenance and other monthly fees or penalties. These minimums can range ...

  5. Simplii Financial - Wikipedia

    en.wikipedia.org/wiki/Simplii_Financial

    Simplii Financial is a Canadian direct bank and the digital banking division of the Canadian Imperial Bank of Commerce (CIBC). It offers no-fee chequing and savings accounts, a VISA credit card, Guaranteed Investment Certificates (GICs), mortgages and mutual funds.

  6. First home savings account - Wikipedia

    en.wikipedia.org/wiki/First_Home_Savings_Account

    A first home savings account (FHSA, French: Compte d'épargne libre d'impôt pour l'achat d'une première propriété, CELIAPP) is a financial account offered in Canada since 2023, intended to help first-time homeowners afford a down payment. It has an annual contribution limit of $8000 CAD, up to a total limit of $40,000.

  7. Reserve requirement - Wikipedia

    en.wikipedia.org/wiki/Reserve_requirement

    For a time, checking accounts were subject to reserve requirements, whereas there was no reserve requirement on savings accounts and time deposit accounts of individuals. [16] The Board for some time set a zero reserve requirement for banks with eligible deposits up to $16 million , 3% for banks up to $122.3 million , and 10% thereafter.

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