Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
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. 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's Offers $200 Bonus For Opening New E-Checking Account - 8/4/2014

Open a new E-Checking Account at Nationwide Bank and earn a $200 bonus. The bonus is available to any US citizen (18 years+) but limited to one per household.

Higher Mid- and Long-Term CD Rates at Nationwide Bank - 10/21/2013

Nationwide Bank is the latest bank to increase its mid- and long-term CD rates. It’s another bank to join the 2% club. Its Jumbo 5-year CD has a 2.02% APY. This requires a $100,000 minimum deposit. Fo ...

Higher Short- and Long-Term CD Rates at Nationwide Bank - 9/9/2013

Nationwide Bank has increased some of its CD and IRA CD rates. At first I thought it was just the 5-year CD rate. This would follow the actions of several banks in the last month. However, some of the ...

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.

Always Had Great Service!!!

I have never had anything but great service from Nationwide bank. Their savings rates aren't through the roof, but that is just one aspect. I have had a home and auto loan and both were very competitive, and bank staff is always helpful. Regarding the poster who doesn't like "cheque" cashing time, I think he may have another Nationwide bank in mind, last time I checked they don't have any banks in Cheshire, England...

Fantastic online banking

I've had money in a few different banks, and I decided to set up an online account with Nationwide Bank. I heard about it from a friend and learned their services are reliable. Setting up the account was simple and fast. I had to speak with someone on the phone about my information, but it was a simple error that got resolved quickly. What can I say? My money goes in and comes out fine with no issues whatsoever. Fees are minimal and are reasonable amounts. Their site is well organized and professional, and it's easy to find what you need. I'd definitely recommend this bank to anyone looking to open an account online.

Opened New Accounts, Recieved Good Service Via Phone

I opened 5 new accounts with them recently. I called for some assistance twice (I complicated things a bit) and both times I received very nice service and helpful answers. I found their interest rates to be very competitive at the time. So, no complaints from me. I even recommended this bank to a few friends.



Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Nationwide Bank had $4.24 million in non-current loans and owned real-estate with $539.8 million in equity and loan loss allowances on hand to cover it. This gives Nationwide Bank a Texas Ratio of 0.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Nationwide Bank experienced no significant changes from 0.80% as of June 30, 2013 to 0.79% as of June 30, 2014, resulting in a positive change of 1.34%.This indicates that the balance sheet and financial strength for Nationwide Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Nationwide Bank has increased its total deposits by $283.33 million, resulting in 6.86% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Nationwide Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Nationwide Bank has $5.77 billion in assets with $539.8 million in equity, resulting in a capitalization level of 9.36%, which is average.

Institution Statistics

FDIC Certificate #34710
Year Established1998
Primary RegulatorOCC
Assets and Liabilities
Assets$5.77 billion
Loans$3.15 billion
Deposits$4.42 billion
Equity Capital$522.80 million
Loan Loss Allowance$17.01 million
Unbacked Noncurrent Loans$4.25 million
Real Estate Owned$0
Historic Data - June 2013
Assets$5.19 billion
Equity Capital$485.41 million
Loan Loss Allowance$16.53 million
Unbacked Noncurrent Loans$4.25 million
Real Estate Owned$98,000
Profit Margin - Quarterly
Return on Assets0.77%
Return on Equity8.67%
Interest Income$86.09 million

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

Nationwide Bank Savings Account Rates

0.35%--Online savings account

Nationwide Bank Money Market Rates

0.68%--Money Market
0.30%--Business Money Market

Nationwide Bank Checking Account Rates

Learn MoreSponsored Note: $200 Sign Up Bonus.3x Higher Interest Rate.76,000 in-network ATMs
0.40%$25k-Interest Checking

Nationwide Bank CD Rates

2.10%$100k-60 Month CD
1.90%$100k-48 Month CD
1.42%$100k-36 Month CD
1.27%$100k-24 Month CD
1.11%$100k-18 Month CD
1.07%$100k-12 Month CD
0.95%$100k-Business 60 Month CD
0.75%$100k-Business 48 Month CD
0.50%$100k-Business 36 Month CD
0.45%$100k-9 Month CD
0.35%$100k-6 Month CD
0.35%$100k-Business 24 Month CD
0.30%$100k-3 Month CD
0.20%$100k-Business 12 Month CD
0.10%$500-Business 3 Month CD
0.10%$500-Business 6 Month CD

Nationwide Bank IRA Rates

2.10%$100k-60 Month IRA
1.90%$100k-48 Month IRA
1.42%$100k-36 Month IRA
1.27%$100k-24 Month IRA
1.07%$100k-12 Month IRA
0.35%$100k-6 Month IRA
0.30%$100k-3 Month IRA

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