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Basic Banking: Opening a Bank AccountA minimum initial deposit is an amount of money required by the bank upfront when opening a checking account, savings account, or certificate of deposit. $2, minimum opening deposit for CDs with terms from 7 days to 89 days. Visit a branch Learn more. Minimum age to open. 17 or older. Must be 18 to open online. Age and ID requirements � Quick view of account fees. $25 minimum opening deposit. Learn more Open.