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A Negotiable Order of Withdrawal account (NOW account) is a savings or deposit account paying interest on which the depositor is permitted to write drafts. A NOW account is an interest bearing checking account. The bank can seek that the depositor give at least seven days notice before withdrawing funds. Commercial banks and mutual savings banks offer NOW accounts to investors. For a lender bank, a NOW account is a liability. The availability of interest on NOW accounts eased some of the pressure on depositors to find investments for their money outside thrift institutions. NOW accounts increased the costs of funds to thrift institutions and added stability to savings accounts.