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. Full definition
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)