Additional comment optional Note: When they do, the rate is typically less than the rate found on certificates of deposit and other accounts.gambling internet illegal TET GAMBLING A demand deposit account is just a different term for a checking account. account, and a NOW (negotiable order of withdrawal) account? The NOW account predates the Dodd-Frank Act and while there was little Act of a provision prohibiting interest on demand deposits. NOW accounts are not due on demand (like a checking account), so they get around the Reg Q limitation of paying interest. They must have the.