Corporate | Banking | Corporate Checking | NOW Account
A NOW (Negotiable Order of Withdrawal) account is an interest-bearing checking account that combines unlimited drafts and withdrawals with the interest-earning feature of a savings account.
First Tennessee offers a NOW account only for Government agencies and Public Fund agencies. All other businesses are eligible for the Business Interest Checking account.
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First Tennessee earned 12 Greenwich Excellence Awards for business banking in the middle market segment in 2013. In fact, we are the most awarded Tennessee-based bank.
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Banking products and services are provided by First Tennessee Bank National Association. Member FDIC. First Tennessee Bank National Association, and its banking division, Peoples Bank, are the same FDIC-insured institution. Deposits held under each trade name are not separately insured, but are combined to determine whether a depositor owner has exceeded the $250,000 FDIC insurance limit. All First Tennessee non-interest bearing checking accounts are fully guaranteed by the FDIC through December 31, 2012.