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New account offers higher earnings with SuperNOW plan
The SuperNOW checking account debuts January 5 offering higher interest with a $2,500 minimum, insured up to $100,000, and monthly rate adjustments. It aims to rival money market funds while keeping unlimited checks, though higher minimums and bank reserve rules reduce returns compared with money-market accounts.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
S&ls
Richard C. Kane
Citibank
New York
William L. Kundert
Continental Illinois National Bank and Trust Co
Chicago