Featured Savings Rates
Featured Accounts

Nationwide Bank


Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.85%2-year CD24 Month CD
1.74%3-year CD36 Month CD
2.06%5-year CD60 Month CD

Overview / Commentary
877-422-6569
1 Nationwide Plaza, 1-14-401
Columbus, OH 43215

When most people think of Nationwide, they think of insurance. However, since Nationwide’s beginnings as an auto insurance company in Ohio, Nationwide has grown to be one of the largest insurance companies in the U.S. In addition to offering insurance, Nationwide offers a variety of other financial products and services. Some of these products and services include those offered by Nationwide Bank, which is independently registered with the FDIC and offers insurance, investment, and banking products and services.

On its personal banking side, Nationwide Bank offers checking, savings, Money Market, Certificate of Deposit (CD), and IRA accounts along with mortgage and auto loans, and various credit cards. A few checking accounts are available and come with free debit cards and a limited number of free non-Nationwide Bank ATM transactions. The interest checking account offers higher rates of interest for higher account balance thresholds and requires an average daily balance in order to avoid monthly service fees. A basic checking account is also available and designed for customers with lower balances. Nationwide’s online savings account provides a simple way to save and has a minimum daily balance requirement in order to avoid a monthly fee. Money Market accounts are available and typically offer higher interest rates than the bank’s online savings account. The Nationwide website also provides a helpful chart that compares this Money Market account to its other offerings to help customers decide which account to choose. CD and IRA accounts have no monthly maintenance fees and are offered in term lengths ranging from 3 to 60 months. EpBooks.us has featured Nationwide’s Money Market and CD accounts repeatedly in the past for their competitive rate offerings.

Nationwide Bank online banking provides a password protected banking system through which account holders can transfer funds between accounts, pay bills, view and print cleared check images, and set up direct deposit. Mobile banking apps released by the bank also make it easy to deposit checks remotely and pay your bills from anywhere on your smartphone or tablet device.

Nationwide Bank was originally established in 1998 as the Nationwide Trust Company, and began offering products to the public in 2007. Nationwide Corporation started out as an auto insurer for farmer in Ohio in the 1920’s before growing into the large company that it is today. The bank is headquartered in Columbus, Ohio, and serves its customers predominantly through its online banking system, but also through a single physical branch as well.

Related Posts

Nationwide Bank Hikes Savings Account Rate (1.30% APY) - 8/24/2017

Nationwide Bank (internet bank) has added 100 bps to its Savings Account, which now earns 1.30% APY on all balances. Minimum opening deposit is $25.

Nationwide Bank Raises Savings Account APY To 1.30% - 8/23/2017

Big rate increase at Nationwide Bank today. Their online savings account rate increased from 0.30% to 1.30% APY. This savings account has a long history. We started tracking it in 2009. Before today, the rate has never been higher than 0.50%. I'll have more on this soon.

Nationwide Bank Adds 41 Basis Points To 12-Month CD - 6/28/2017

Nationwide Bank (internet bank) has raised the rate on its 12-month CD (1.66% APY, $100k+; 1.61% APY, $500+). Also available as an IRA.

View all posts from:


Reviews (101)

Helpful Bank Just When I Needed It

Finding a bank after a divorce can be hard. Up until two years ago, I had banked with one bank, but my divorce was not making that a good idea to keep having my accounts there, according to my divorce lawyer. He suggested just taking my name off the joint account and finding a new bank. I went online and that is when I found Nationwide Bank. There website was very helpful. I was able to get started on opening up a checking account online, as well as getting my new credit line for a eventual new home of my own. After my divorce I was worried I would never be able to get my financial situation away from what my ex-wife had done and be happy again. Thanks to Nationwide Bank that is not the case anymore. Well, at least for my banking.

Great Banking Experience

I was introduced to Nationwide banking through a friend when I told her that I was interested in finding an account that I could set up for holiday savings. She told me about the Nationwide Savings Club account. They offer a pretty good interest rate and the account is released every October so it is available for purchasing gifts for Christmas. It was very simple to set up and works with my regular financial institution. Other banks that I was I looking into had high initial deposit rates and the point of the savings account is to start slow and build it up so Nationwide's account was perfect! It was free to open with a low initial deposit and it automatically transfers when it matures. The login and website are easy to access and navigate. I haven't had an issue where I need to contact customer service but the experience has been great so far!

Customer Serivce That Doesn't Listen to the Customer

I have banked with Nationwide Bank for a number of years, and recently, due to a death in the family, was spurred to open a new account with Nationwide in order to establish an account associated with the formation of a trust. In doing so, I had the legal paperwork for the trust with me to provide to the branch manager as we worked through the process of creating the checking account. He reviewed the documentation, and I explained to him that this checking account was meant solely as a placeholder with no current intent to keep any significant amount of money in it. I explained that this account was meant to fund any future purchases of items that would be added to the trust, so a majority of the time it would sit with as little as $25 in it. With this information, I thought he understood the requirements I needed with this trust account, yet after the paperwork was signed, the trust account created, and an initial $25 deposited, I found that a month later I had been charged a $2 fee. I contacted Nationwide Bank to inquire why and was told that I was not meeting the minimum balance requirement, something that was not supposed to exist, and that the only way I could stop incurring a penalty every month would be to sign up for their electronic bank statements. Apparently when the branch manager was incorrectly setting up my account, he set it up so that the account was separate somehow to the point of receiving a second printed statement in the mail each month and as an account with a minimum balance requirement. He did not warn me of any of this, and the woman I contacted seemed unapologetic by claiming that the branch manager would have surely explained this to me. Needless to say, I was not happy, voiced my opposition, and was able to at least receive my money back from the penalty, but was forced to sign up for the estatements in order to prevent it from happening again. I am very surprised at how bad the customer service was considering my past history with the bank.

This was an awful experience

This was an awful experience. Avoid these people at all costs After opening the account, They stated they could not verifiy my information. The account was frozen and I had no access to my funds. I engaged in protracted efforts to solve this situation, including sending official court documents verifying my address. The intractable attitude I encountered led to hiring an attorney to sue this bank to close the account and release these funds back to me. Avoid these people at all costs. Remember to old adage if it starts bad it will continue to be bad.

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Health

Health Grade Components

Overall
FDIC Certificate #34710
Year Established1998
Employees322
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD3.16%
Annual Interest Income$107.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$7.25B$6.44B
LoansQ2 2017vs Q2 2016$4.93B$4.24B
DepositsQ2 2017vs Q2 2016$4.57B$4.84B
Equity CapitalQ2 2017vs Q2 2016$584.3MM$551.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$27.8MM$26.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$9.3MM$9.3MM
Real Estate OwnedQ2 2017vs Q2 2016$1.1MM$820.00K
User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Nationwide Bank Raises Savings Account APY To 1.30%

Ken Tumin |
Big rate increase at Nationwide Bank today. Their online savings account rate increased from 0.30% to 1.30% APY. This savings account has a long history. We started tracking it in 2009. Before today, the rate has never been higher than 0.50%.

I'll have more on this soon.

Rates
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Always verify rates and promotions with the bank or credit union. We are not Nationwide Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Nationwide Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%--Savings Account
0.30%--Holiday Club

Nationwide Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Money Market
OTHER TIERS: 0.50% Up to $100k
0.75%*$100k*-IRA Money Market
OTHER TIERS: 0.50% Up to $100k
0.30%--Business Money Market

Nationwide Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$10k*-Nationwide Member Checking
OTHER TIERS: 1.00% Up to $10k

Nationwide Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.06%*$100k*-60 Month CD
OTHER TIERS: 2.01% Up to $100k
1.85%*$100k*-24 Month CD
OTHER TIERS: 1.80% Up to $100k
1.74%*$100k*-36 Month CD
OTHER TIERS: 1.70% Up to $100k
1.46%*$100k*-12 Month CD
OTHER TIERS: 1.41% Up to $100k
1.45%*$100k*-48 Month CD
OTHER TIERS: 1.40% Up to $100k
1.25%*$100k*-6 Month CD
OTHER TIERS: 1.20% Up to $100k
1.06%*$100k*-18 Month CD
OTHER TIERS: 1.00% Up to $100k
0.95%*$100k*-Business 60 Month CD
OTHER TIERS: 0.90% Up to $100k
0.75%*$100k*-Business 48 Month CD
OTHER TIERS: 0.70% Up to $100k
0.50%*$100k*-Business 36 Month CD
OTHER TIERS: 0.45% Up to $100k
0.40%*$100k*-9 Month CD
OTHER TIERS: 0.35% Up to $100k
0.35%*$100k*-Business 24 Month CD
OTHER TIERS: 0.30% Up to $100k
0.30%*$100k*-3 Month CD
OTHER TIERS: 0.25% Up to $100k
0.20%*$100k*-Business 12 Month CD
OTHER TIERS: 0.15% Up to $100k
0.10%--Business 3 Month CD
0.10%--Business 6 Month CD

Nationwide Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.06%*$100k*-60 Month IRA
OTHER TIERS: 2.01% Up to $100k
1.85%*$100k*-24 Month IRA
OTHER TIERS: 1.80% Up to $100k
1.74%*$100k*-36 Month IRA
OTHER TIERS: 1.70% Up to $100k
1.46%*$100k*-12 Month IRA
OTHER TIERS: 1.41% Up to $100k
1.45%*$100k*-48 Month IRA
OTHER TIERS: 1.40% Up to $100k
1.25%*$100k*-6 Month IRA
OTHER TIERS: 1.20% Up to $100k
0.30%*$100k*-3 Month IRA
OTHER TIERS: 0.25% Up to $100k
Locations

Nationwide Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 1 Nationwide Plaza, 1-14-401 - Columbus, OH 43215