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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 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

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.

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Nationwide is wonderful

I have in my life time used a variety of different institutions for my banking and checking accounts needs most of them are decent a couple were bad. But Nationwide was outright phenomenal, honestly. when I deposit money in my account the process is smooth and fast. Setting it up was easy; just signed up online with some help from one of their reps on the phone and it took almost no time at all and the rep was very friendly and courteous. Once that was done, I went ahead and did my first deposit and it was updated in my account in less than forty-eight hours. I am excited at the experience. Most of the other banks I have used took up to five days. One last positive, the fees are pretty modest for everything as well.

Good Service for sure!

A while back, I wanted to open a physical savings account where I was at the time so I visited the nearest website and checked some information regarding the bank services as I wanted a separate one to save for my child's college fund I went online and contacted them to set it up. Took fifteen minutes tops which was a relief as I was in a hurry. I checked around the site and contacted them for some questions which the wait was short and such which is a plus. They are not perfect, though. The site is sort of dated and can be a bit slow. But for what it is worth, the fast set up time and fast contact to customer care is good. The way the saving account works is good for me too as I like to keep one separate for certain things overall I would give it a B or a 4; it is not perfect but it is good and it does work.

Better Checking for the Ordinary Joe

I have held an online checking account with Nationwide since early 2015. My experience with this bank has been much better than with competitors. I switched to Nationwide from another major bank due to overwhelming fees, poor customer service and lack of benefits. What was the most impressive to me was how thorough the representative was with me on the phone when I called to inquire about their products. She was upfront about any fees that pertained to their checking accounts and was great with using hypothetical scenarios. The thing that ultimately led me to Nationwide was their low fees, reasonable minimum requirements, and customer benefits.

They are one of the banks on an ever-shrinking list of online banks that offers actual fee-free ATM withdrawals. I am allowed up to six free withdrawals per month from any ATM of my choice regardless of bank affiliation. This is beyond sufficient for me. I do not have any current complaints about Nationwide and have never encountered anything that irritated my nerves. One thing that I do wish Nationwide could improve on is their process for handling debit card transaction disputes. In addition to filing a dispute online or over the phone, they mail you a form which has to be returned which essentially just asks for the same information that was already provided previously.

All-in-all, this bank is the most attractive to 'ordinary Joes' like myself because of the reasonable fees and benefits. Hopefully more and more banking customers will turn to Nationwide and finally ditch their rip-off 'big-name' other banks.

Nationwide is on your side!! For real!

Nationwide is definitely living up to its counterpart's motto. I had a great experience with them, starting when my father and I opened my first bank account when I was 16. I have never had any issues with the bank. I overdrafted once and they forgave it since it was my first and only offense. There was no fee for the overdraft. Their customer service is always helpful and friendly. Their fees are on par with what I've seen from other banks. I like being able to access my account from their online banking site. It makes my life easier in keeping track with my daily finances. Overall, I would say they are a good option for a bank and would recommend them to my friends.

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Health

Health Grade Components

Overall
FDIC Certificate #34710
Year Established1998
Employees318
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
  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 3-Year CD APY To 1.75%

Ken Tumin   |  
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

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
0.50%--IRA Money Market
0.30%--Business Money Market

Nationwide Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-Nationwide Member Checking
OTHER TIERS: 0.30% Up to $500 | 0.50% $500 - $2,500 | 0.70% $2,500 - $10k

Nationwide Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.96%*$100k*-60 Month CD
OTHER TIERS: 1.91% Up to $100k
1.75%*$100k*-36 Month CD
OTHER TIERS: 1.70% 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
1.06%*$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
1.75%*$100k*-36 Month IRA
OTHER TIERS: 1.70% 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
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