Interest-Bearing Accounts

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Definitions
Checking Accounts
Checking Accounts Bank Deposits Demand Deposits M1 Money Supply Interest-Bearing Accounts
Bank deposit accounts that offer the privilege of writing checks against the balance of funds in the account. These accounts are the primary type of demand deposits that are part of the M1 money supply.
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Definitions
End-of-Day Sweep
End-of-Day Sweep Cash Management Bank Accounts Automatic Transfer Interest-Bearing Accounts Treasury Management Corporate Banking
An automatic transfer of funds from one bank account held by a company to another of its bank accounts, typically one that pays interest on deposits. The sweep takes place at the end of every day, or when specific conditions are met.
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Definitions
Negotiable Order of Withdrawal (NOW)
Negotiable Order of Withdrawal (NOW) Banking Deposits Checking Accounts Interest-Bearing Accounts Savings and Loans Financial Instruments
A Negotiable Order of Withdrawal (NOW) is a type of bank or savings and loan withdrawal ticket that functions as a negotiable instrument, allowing for withdrawals from interest-bearing checking accounts.
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Definitions
Negotiable Order of Withdrawal (NOW)
Negotiable Order of Withdrawal NOW Account Interest-Bearing Accounts Demand Deposits Banking Financial Management
A Negotiable Order of Withdrawal (NOW) account is a type of deposit account that allows the owner to write drafts against the deposited funds, permitting the account holder to earn interest while maintaining the ability to withdraw funds on demand.
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