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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 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.

Nationwide Bank (Internet Bank) Member Checking Now Earns 1.15% APY - 6/14/2017

Nationwide Bank's (internet bank) Member Checking account now earns 1.15% APY on balances of $10k+, with balances of less than $10k earning 1.00% APY.

Nationwide Bank Raises 3-Year CD APY To 1.75% - 4/5/2017

Nice rate increases on Nationwide Bank’s 3-year CD: 1.75% APY, $100k minimum (was 1.33%) 1.70% APY, $500 minimum (was 1.28%) Early withdrawal penalty: 24 months, but less than 48 months, the fee will equal 180 days of interest on the amount withdrawn

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Great Bank with Excellent Service

When I first switched to this bank I had a hard time getting logged into my account. Initially I was very frustrated, but when I was able to reach out and talk to an actual person at the bank and they were able to help me, all of my frustrations went away. The customer service rep was super helpful and didn't make me feel bad or make me feel embarrassed. She gave me step by step instructions and stayed on the phone with me the entire time I was going through the steps to make sure I didn't have any hang ups. Once I was in, we disconnected and I haven't had any issues getting into my account since then. I also have to say I like the ease of their website. I like that I can always find the transactions I want to look at without any issues. I've never had any issues with my direct deposit, which was a problem with my old bank. My funds are always available as soon as my check is deposited into my account. I've been so pleased with this bank that I have actually switched my other two accounts to this bank as well. I would recommend them to anyone. You won't find better customer service anywhere else!

Nationwide works well

I first want to disclose that I am an employee of Nationwide Mutual Insurance, which is the parent company of Nationwide Bank. I believe I received an incentive when I opened my checking account that was specific to employees. I have had a pleasant, and uneventful experience thus far with the bank. It is solely online, but I have never felt that I was missing out on features that I would have had access to at a physical bank. I use the website to make automatic payments to various monthly bills, such as electric and credit card, and the process has been easy and reliable. I have not experienced any unexpected fees or outages on the site. I have not needed to contact customer service other than when originally setting up the account, which was simple and the service was pleasant.

Online only Banking is NOT for me, personally, yet it was starting to grow on me.

As a freelancer digital artist, one of my fellow artists in my institute, recommended that I should use an Online Only Bank for my investments and general income so that I can have separation with the flow of my income in my products to my main income with my wage pay job. At first the bank is very intricate yet so simple or very detailed yet crisp and clear with how all of their fees and monthly interest gets done, or how it came to be like it, the services are good and impressive, from mortgages to reimbursements, for others, it's very useful but for me, I just needed an online bank account that would hold my income separately. So here is the thing, at first the online chat was very handy tool, but as a month went by, it seems like every time I visit the website, I try to wait on a representative for an average of 10 minutes tops, to me that is very valuable time, another one terrible experience is sometimes the online bank would glitch, I already reported multiple instances regarding this one, that's why I use their customer service, but still my money fluctuates, and it happened probably 4 to 8 times in three months that I got an account from them, I was not sure if it is just my account or I was just unlucky but I had enough, at first I was really starting to love the service for an online bank since it is very convenient, but for my experience, I don't trust the bank or even other banks with my money, so three out of five seems accurate for my experience.

18+ Year Customer Says Good Bye

After banking with Nationwide for over 18 years (since it was a credit union, before the bank launched) I closed my accounts after years of terrible on-line banking service. I can't believe how terrible it has become since it's days as a credit union. :(



Health Grade Components

FDIC Certificate #34710
Year Established1998
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.81%
Annual Interest Income$53.3MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$7.19B$6.43B
LoansQ1 2017vs Q1 2016$4.93B$4.18B
DepositsQ1 2017vs Q1 2016$4.90B$4.83B
Equity CapitalQ1 2017vs Q1 2016$579.2MM$543.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$27.3MM$25.0MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$9.1MM$9.9MM
Real Estate OwnedQ1 2017vs Q1 2016$599.00K$830.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Nationwide Bank Savings Account Rates

0.30%--Savings Account
0.30%--Holiday Club

Nationwide Bank Money Market Rates

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

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

Nationwide Bank CD Rates

2.06%*$100k*-60 Month CD
OTHER TIERS: 2.01% Up to $100k
1.74%*$100k*-24 Month CD
OTHER TIERS: 1.70% 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

2.06%*$100k*-60 Month IRA
OTHER TIERS: 2.01% Up to $100k
1.74%*$100k*-24 Month IRA
OTHER TIERS: 1.70% 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

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