A NOW account is defined simply as a checking account that pays interest.

Name: A NOW account is defined simply as a checking account that pays interest.
Brand: Quizplus
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Quizplus · Accepted Answer

This is true. A NOW account is a type of checking account that pays interest to the account holder. The acronym NOW stands for "negotiable order of withdrawal." These accounts typically have higher interest rates than regular checking accounts, but may also have higher fees or balance requirements.

A NOW Account Is Defined Simply as a Checking Account