An image of an old NOW Account with the inscription 'Historical NOW Account' and a clock symbolizing time passing, illustrating the evolution of interest-earning demand deposit accounts

Negotiable Order of Withdrawal (NOW) Accounts: History and Comparison with Modern Demand Deposit Accounts

Business Finance

Understanding Negotiable Order of Withdrawal Accounts A Negotiable Order of Withdrawal (NOW) Account is a historic interest-earning demand deposit account that allowed customers to write drafts against their deposited funds before the Dodd-Frank Act. This section provides an in-depth exploration into NOW Accounts, their purpose, and historical significance. NOW Accounts

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