The initial deposit for HEIP (High-Yield Earnings Investment Plan) varies depending on the financial institution offering it. Typically, minimum deposits range from $500 to $5,000, though some providers may require higher amounts. This deposit serves as the foundation for earning compounded interest over the plan’s term.
Before committing, review the terms, as fees or penalties may apply for early withdrawals. Comparing multiple providers ensures the best fit for your financial goals. Always verify current requirements directly with the institution, as policies can change.
