NOW Account

NOW Account


Individuals, municipalities, and all organizations, associations and corporations that are organized as not-for-profit and can invest at least $1,000 are eligible for a NOW account, which offers interest-bearing opportunities depending on the account balance:

  • Average available balance of $5,000 or more earns the going interest rate and unlimited checking
  • Average available balances between $1,000 and $5,000 earn the going interest rate, 10 checks per statement period with no service fee; 20 cents for each additional check paid during the statement period
  • Average available balances below $1,000 earn no interest, are charged a $5 monthly service fee, 10 checks per statement period with no service fee; 20 cents for each additional check paid during the statement period
  • Variable interest rate provides interest income
  • Convenient for paying creditors and collecting checks
  • Provides a complete record of expenditures for payroll and budgeting purposes 

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