What is the minimum investment required for Amana Mutual Funds Trust?
Asked a year ago
The minimum investment required for Amana Mutual Funds Trust is $2500 for individual accounts and $1000 for retirement accounts. This minimum initial investment is applicable to both taxable and non-taxable accounts. However, subsequent investments made by individuals can be as low as $50, while for retirement accounts, the minimum subsequent investment is $25. Additionally, Amana Mutual Funds Trust waives the minimum investment requirement for investors who set up automatic deposit plans, such as electronic funds transfer or payroll deduction. This enables investors to contribute smaller amounts regularly and gradually build their investments over time. Overall, Amana Mutual Funds Trust offers flexibility in investment amounts, making it accessible to a wide range of investors seeking to achieve their financial goals.
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