Certainly. It's quite common for an estate account to earn interest. Under extremely uncommon circumstances, the estate might not be able to hold a NOW account, but it certainly would qualify to hold a money market deposit account, savings account or certificate of deposit.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Certainly. It's quite common for an estate account to earn interest. Under extremely uncommon circumstances, the estate might not be able to hold a NOW account, but it certainly would qualify to hold a money market 