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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. DepositAccounts.com 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 - 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.

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Reviews (115)

Fantastic

Posted by: Nalconc | Oct 22, 2017

Nationwide's customer service agents are really responsive any time I call about an issue with my account. I once made a mistake when I set up something and a quick phone call was enough to get the issue sorted out. They did not keep me on hold much and I was able to get the issue sorted and remove the stress I had very quickly. I appreciate the little things like that. It is nice to know that my online bank can be trusted to deal with issues like that quickly. It makes up for the fact that I can not have any face to face interactions with them. Overall, a really nice bank. I recommend them to anyone who is interested in online banking.

Nationwide Bank

Opening an online checking account is an easy process. Just simply fill out an application and wait to speak with a representative to become approved. The atms are surcharge free. The staff is friendly. I have never met anyone in person, but have spoken to representatives on the phone. They seem very experienced and understanding. They offer a lot of online services, which is good for those of us who live in smaller cities. It is hard to get a bigger bank. They offer checking, savings, cds, loans. You can apply for these services online, which has been a blessing for me. I think online banking will be the future of banking. However, some people still enjoy the personal experience of going to an actual building and see people face to face. It is our money, after all.

Some Problems, But Some Solutions, Too

I have a lot of renters, and at times, it helps when I make things easier for them. If I can have an account with the banks they use, as things go a little smoother with interbank deposits. It's a good idea, if everything else goes right, so I had no trouble with opening a Nationwide account for some of my new tenants. But not everything does work out. I wasn't expecting to have my account suspended, not when I knew it was in good standing and had several thousand waiting in it. When I called to find out what happened, I did not receive an explanation. In point of fact, their customer service did not know. My online statement was no help, and I could not actually get a breakdown of the recent transactions, because the page was actually blocked to me. My suspended account was totally frozen. I would later learn that one of those pages I was newly blocked from reading had a number to call in case of my situation. That was a bit of a design mistake. I kept calling though, and when I got escalated up the line, I found out the problem. Apparently, I had defaulted on a home loan in another state. Well, I kindly told them that wasn't me. When the matter was investigated, I learned that I had been the victim of identity theft close to twelve years ago, about the time my social security card and wallet had been stolen from my car. When the matter was solved, the people at Nationwide were very apologetic, and polite. I wasn't too pleased, but happy it was resolved. Also, I was happy that the identity theft was not more severe, since they did manage to use my information to secure an entire loan. Well, in all, the customer service was not perfect, but not the worst I have experienced. It was a major problem, and the good thing was I did not come out owing any money when I didn't do any thing wrong.

Nationwide has great customer service

Nationwide does a great job of meeting my banking needs. Their checking and savings account earn decent interest. I like the convenience of using their online services to keep an eye on my accounts. The people I've encountered with the bank have always been nice and helpful. I would definitely recommend them to people and have recommended them to my family.

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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