Thread Starter: Andy_Z
Title: Re: MMDA vs NOW
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As Brenda points out, they have different features.
An MMDA has limited transaction capability. Anyone can own one and the rates and minimum balance requirements are usually higher than for a NOW.
A NOW has unlimited transaction capabilities, but has limited ownership requirements.
You should be able to look at an alpha list of NOW owners and not see things like "Corp", "LLC" etc.
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