Author of this content has low reputation.

LeoGlossary: Minimum Daily Balance

Words
53
Reading
1 min
Listen
Play
4y

During a particular period, it is the lowest end of day balance in an account. Financial institutions such as banks often have a minimum daily balance that must be maintain on interest earning accounts. This is often tied to special services or even a penalty.

LeoGlossary: Minimum Daily Balance | Ecency