The phrase "account minimum" refers to the minimum amount of money required to open or maintain an account, such as a bank account or investment account. It is the smallest amount of money that you need to have in the account.
Financial advisers often charged annual management fees in excess of 1 % and required account minimums of $ 1 million. (businessinsider.com)
They do have a $ 500 account minimum for their traditional brokerage account, but no minimums for retirement accounts, which is great. (thecollegeinvestor.com)
If you do find a checking account that pays interest, make sure you understand the requirements, since many interest - bearing checking accounts require account minimums. (studentloanhero.com)