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Average minimum to open interest-bearing account

See the most recent version of the checking study.

Cut costs on your commute and your vehicleThe average minimum balance required to open an interest-bearing account fell for the second time in a row, declining 8 percent from $481.20 to $441.58.

In the past year, the average minimum balance required to open the account has fallen nearly 11 percent, from $494.73 to the current $441.58.

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ALSO: Search Bankrate for the best checking account rates

-- Posted: Dec. 8, 2004

 
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