You only need to make a $100 minimum deposit to open a savings account. However, the account pays very little interest and it charges a $7 monthly fee. There are easy ways to avoid the fee, however.
On the Select Savings account, the bank will waive the monthly fee if you have at least one $25 electronic transfer or deposit per statement month. You can also avoid the fee if you keep at least $1,000 in the account on a daily basis.