Average User Rating:| One Nationwide Plaza Columbus, OH 43215 877-422-6569 www.nationwide.com  |
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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.
Nationwide Bank was actually established in 1998, and has been growing since then. This bank is a full-service bank that includes savings accounts, CDs, checking accounts, money market accounts, mortgages, auto loans and more. The bank also issues a Visa credit card. You can also use Nationwide Bank as a portal to investments, including IRA options, and insurance. Because Nationwide Bank is associated with a large financial services company, you have access to a wide variety of products and services.
Nationwide offers online banking, and is one of the financial services companies that also offers the Buxx Card, designed to help teenagers learn about good credit habits. The yields offered on the checking and savings accounts aren’t spectacular; they are right around the national average. CD rates are fairly average as well. However, the yield on the money market account is usually around 2x the national average.
Nationwide Bank was actually established in 1998, and has been growing since then. This bank is a full-service bank that includes savings accounts, CDs, checking accounts, money market accounts, mortgages, auto loans and more. The bank also issues a Visa credit card. You can also use Nationwide Bank as a portal to investments, including IRA options, and insurance. Because Nationwide Bank is associated with a large financial services company, you have access to a wide variety of products and services.
Nationwide offers online banking, and is one of the financial services companies that also offers the Buxx Card, designed to help teenagers learn about good credit habits. The yields offered on the checking and savings accounts aren’t spectacular; they are right around the national average. CD rates are fairly average as well. However, the yield on the money market account is usually around 2x the national average.
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2011
2010
- 6/29 - Nationwide Bank Cuts Money Market Yield To 1.20% (Forum)
- 5/28 - Nationwide Bank Has Horrible Customer Service (Forum)
- 3/2 - Nationwide Bank Cuts Money Market Rate to 1.35% (Forum)
2009
2008
- 7/17 - Higher Yield and New-Account Bonus for Nationwide's Money Market Account
- 3/26 - High Yield Online Money Market Account at Nationwide Bank
See Rates for: Checking | Savings | Money Market | CD | IRA
Nationwide Bank Checking Account Rates
Nationwide Bank Savings Account Rates
Nationwide Bank Money Market Rates
Nationwide Bank CD Rates
Nationwide Bank IRA Rates
| Apy | Min | Max | Product | |
| 1.85% | $100k | - | 60 Month IRA | |
| 1.85% | $100k | - | 60 Month Roth IRA | |
| 1.70% | $100k | - | 48 Month IRA | |
| 1.70% | $100k | - | 48 Month Roth IRA | |
| 1.45% | $100k | - | 36 Month IRA | |
| 1.45% | $100k | - | 36 Month Roth IRA | |
| 1.25% | $100k | - | 24 Month IRA | |
| 1.25% | $100k | - | 24 Month Roth IRA | |
| 1.10% | $100k | - | 12 Month IRA | |
| 1.10% | $100k | - | 12 Month Roth IRA | |
| 0.60% | $100k | - | 6 Month IRA | |
| 0.60% | $100k | - | 6 Month Roth IRA | |
| 0.40% | $100k | - | 3 Month IRA | |
| 0.40% | $100k | - | 3 Month Roth IRA |
Rates updated: 2/7/2012
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
5 out of 5 
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Time To Process A Cheque
- ChessBank - Monday, January 30, 2012 - 6:39 AMI am appalled at the time the Nationwide takes to process a cheque. I put a US dollar cheque drawn at a major global bank into my account at the Nationwide branch in Chesham on the 26th of November 2011. The fee is around £20.00, and I signed the form and handed over my cheque. More than eight weeks and four visits to the branch later they still have not credited the cheque to my account, nor will they find out where the blockage in the system is so I can cancel the cheque and go elsewhere. Other people have had these cheques processed by Lloyds TSB and HSBC in about one week and with only a £10 fee. I sit in the branch for hours, they tell me the person that deals with CHAPS isn't in, I ask to speak to the manager, they tell me s/he isn't in, and they promise to call me but never, ever do. I ask if they have a formal complaints procedure and a form I can fill in - they do, but they don't give me the form and tell me that "the manager is aware, it has already been escalated". After insisting over and over again, I finally get an address (no phone number) for the Head Office. Now well into 9th week and still no sign of my money! Absolutely disgusted!
4
Horrendous
- m2middle - Thursday, January 12, 2012 - 10:21 PMAvoiding working with Nationwide Bank at all costs. We had an account in good standing and when we asked to close it, they were extremely rude and charged us an outrageous cancellation fee.
3
Loan Processors
We are currently embroiled in dealing with this bank. So far we have found those handling our processing to be less than genuine, less than helpful with attitudes that are horrendous. Very arrogant acting. Nearly all corresponce from them begins with 'I'm sorry'. After being dealt with by them I can see why. You cannot believe anything you are told by these associates because they will say what you want to hear, then they go on their merry way only to tell you next time that the info you previously received was wrong. In all my 60 years on this earth having obtained numerous loans to buy houses or for home improvements I have never been treated as disdainfully as this bank has.