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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 Increases 5-Year CD Rates - 2/21/2017

It’s not much of an increase, but it’s in the right direction: 1.96% APY $100k min (was 1.90%) 1.91% APY under $100k (was 1.85%) 5-year term

Nationwide Bank (Internet Bank) Raises Rate On 24-Month CD - 1/13/2017

Nationwide Bank (internet bank) has raised the rate on its 24-month CD (1.56% APY, $100k+) and 60-month CD (1.90% APY, $100k+). Also available as IRAs.

Nationwide Bank CD Rate Increases - 1/12/2017

Nationwide Bank increased rates on two CD terms yesterday. The 24-month CD rates are the most competitive. 1.56% APY 24-month CD, $100k min (was 1.50%)  1.51% APY 24-month CD, under $100k min (was 1.45%) 1.90% APY 60-month CD, $100k min (was 1.62%) 1.85% APY 60-month CD, under $100k min (was 1.57%)

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Fair treatment, great service, easy banking

Posted by: saraparks | Mar 24, 2017

I've never had anything but positive experiences with this bank. I opened my e-checking account last year after quitting Wells Fargo, being thoroughly disgusted with their unethical practices. I no longer trusted that bank and I wanted to move my money. I chose Nationwide because I remember my parents used to do business with them back in Ohio. The company has been around for awhile, so I figured it was a safe bet. So far, it's been great. Nationwide is an extremely straightforward company to deal with. Setting up and using their e-checking account is simple and easy. I was able to quickly open an interest-bearing account. With a minimum balance, my account is free. I've never had any sort of accounting problem with them, I get free online bill payment, and I can easily find a fee-free ATM when I need it. I was slightly concerned that not having a local branch would be an issue, but it's not been an issue at all. They make it very easy to do without a branch - all you need is the website, even for depositing checks. I'm very glad I went with Nationwide, and I can highly recommend them.

Good and bad aspects of echecking

I currently have an echecking account with Nationwide bank. What initially drew me to try this institution was their interest rate. It is not terribly high at 0.30% but it is much higher than my traditional bank wells fargo offers. I also liked that unlike many other echecking companies they have numerous surcharge free ATM's that you can deposit and withdraw money from.
The main negative aspect is that the bank is based online. I have had a few instances where the nationwide site was having problems and I was unable to access my account. Nationwide has an app but when the main site has problems the app seems to as well. This rarely happens but the few times I have experienced this it is a giant inconvenience. My other concern is that although they do have customer service line it is not easy to get in contact with them. I often have to wait in a queue to be connected when I normally do not have the time to do this. In a traditional bank I could go into a local branch to get questions answered but with Nationwide I am forced to wait in the queue.

Banking in nationwide bank

I have a checking account and saving account with them. They have issued me a debit/credit card account as well. They offer competitive savings accounts and I really like their checking account. It's perfect for the amount of banking I do by check. The only thing I do not like about the bank is their fees can be a little pricey but there online website is really good. It is easy to use and works perfectly on my phone. That might not seem like much but I went through a lot of banks and usually their apps on phones or tablets are harder to use. Nationwide is quite easy actually.

Banking needs

My banking experience will Nationwide is ok, It's not the greatest but has not been bad. I' am looking to change banks, because of the way they take so long to post charges they seem to want to make me overdraw my account so they can charge their fees. It will take 3 days for something to post or it wont show in on hold area but the next day it will have cleared. I have to check my accounts everyday and have all my transaction in front of me so I know where my account is at. If I show at the same store twice in one day they post one of the sales and not the other until they both clear. I have had my account number stole twice and both time it took the bank a month to open my accounts again. It took 2months for the checks I order to ship and 4 times now they post my paycheck to another account in the last 6 months. I now pull from my savings to checking daily as needed until I change banks. I thing they are not in touch with their customers or just don't care about customer service being number one.

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Health

Health Grade Components

Overall
FDIC Certificate #34710
Year Established1998
Employees313
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD2.28%
Annual Interest Income$191.0MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$6.87B$6.40B
LoansQ4 2016vs Q4 2015$4.69B$4.12B
DepositsQ4 2016vs Q4 2015$4.80B$4.78B
Equity CapitalQ4 2016vs Q4 2015$546.9MM$536.8MM
Loan Loss AllowanceQ4 2016vs Q4 2015$27.7MM$23.9MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$10.7MM$9.4MM
Real Estate OwnedQ4 2016vs Q4 2015$267.00K$909.00K
  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 Increases 5-Year CD Rates

Ken Tumin   |  
It’s not much of an increase, but it’s in the right direction:

1.96% APY $100k min (was 1.90%)
1.91% APY under $100k (was 1.85%)

5-year term

Nationwide Bank CD Rate Increases

Ken Tumin   |  
Nationwide Bank increased rates on two CD terms yesterday. The 24-month CD rates are the most competitive.

1.56% APY 24-month CD, $100k min (was 1.50%) 
1.51% APY 24-month CD, under $100k min (was 1.45%)

1.90% APY 60-month CD, $100k min (was 1.62%)
1.85% APY 60-month CD, under $100k min (was 1.57%)

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
0.30%--Regular Online Savings Account
0.30%--Holiday Club

Nationwide Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Money Market
0.30%--Business Money Market

Nationwide Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-E-Checking
OTHER TIERS: 0.10% Up to $2,500 | 0.30% $2,500 - $10k

Nationwide Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.96%*$100k*-60 Month CD
OTHER TIERS: 1.91% Up to $100k
1.56%*$100k*-24 Month CD
OTHER TIERS: 1.51% Up to $100k
1.45%*$100k*-48 Month CD
OTHER TIERS: 1.40% Up to $100k
1.33%*$100k*-36 Month CD
OTHER TIERS: 1.28% Up to $100k
1.06%*$100k*-18 Month CD
OTHER TIERS: 1.01% Up to $100k
0.95%*$100k*-12 Month CD
OTHER TIERS: 0.90% 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*-6 Month CD
OTHER TIERS: 0.30% 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
1.96%*$100k*-60 Month IRA
OTHER TIERS: 1.91% Up to $100k
1.56%*$100k*-24 Month IRA
OTHER TIERS: 1.51% Up to $100k
1.45%*$100k*-48 Month IRA
OTHER TIERS: 1.40% Up to $100k
1.33%*$100k*-36 Month IRA
OTHER TIERS: 1.28% Up to $100k
0.95%*$100k*-12 Month IRA
OTHER TIERS: 0.90% Up to $100k
0.35%*$100k*-6 Month IRA
OTHER TIERS: 0.30% 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