Featured Savings Rates
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Nationwide Bank

Popular Accounts at this Bank

2.40%2-year CD24 Month CD
2.20%3-year CD36 Month CD
2.40%2-year IRA24 Month IRA (Traditional, Roth, CESA, SEP)

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. 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 Rates - Money Market Account and 24-Month CD - 1/19/2018

Nationwide Bank's new rates are below the rate leaders, but a couple are competitive. The most competitive is the Money Market account.

Nationwide Bank's Money Market Rate Raised - 12/4/2017

Nationwide Bank has raised the rate on its Money Market Account to 1.30% APY on balances of $10k and above. Balances less than $10k earn 1.05% APY.

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.

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Reviews (161)

Excellent bank!

Posted by: Butcenau | Feb 4, 2018

This has been one of the most pleasant banking experiences I've had in a long time. The fees are quite reasonable. There are fraud protection systems that keep your accounts and spending in check. Their dispute system is awesome and I've had to dispute a fraudulent charge a couple of times and each time they resolved it quickly. Every person that I've spoken with has been very helpful and all speak English which is a huge plus because sometimes you call these call centers and they are all Indian or Hispanic and the language barriers can be frustrating. The only issue I've got is their mobile banking, sometimes when you type your password incorrectly a couple of times they will straight up shut it down and make you call them rather than submit something online. While I understand that this is just for our protection and appreciate that, I wish there was something we could submit online so we wouldn't have to deal with the hassle of dealing with a long queue time on hold then a long process of verifying your identity once on the phone. I also often have an issue of getting huge pop ups on mobile that can be difficult to close out of, as you can't find the button to close out of them or sometimes you just aren't able to close out of the pop ups. This shouldn't happen on the mobile site. It's annoying. Other than this issue that I have with the mobile this is a great bank to bank with!

Nationwide Bank Overall Positive

While my experience with them was overall good, there was one specific incident where their customer service was inadequate. I was doing frequent online transfers both into and out of my checking account, and in one instance a particularly large transfer didn't show up - not even as a pending transaction. Up until then they had all gone through smoothly, but after trying to find out why I couldn't see this particular time sensitive transfer online, I eventually gave up searching and just called. I'm sure the customer service representatives I spoke to did their best and followed the rules they were supposed to, but they were entirely uninformative. I eventually hung up in frustration and decided to just cross my fingers and hope that the transaction actually went through. Although it did eventually go through, it took two weeks and I never did get an explanation from them for what happened.

Nationwide customer service shines, but otherwise it is average.

Posted by: LinBaby | Mar 20, 2018

Most banking services are roughly comparable. They offer checking, savings, etc. We chose Nationwide when we moved in order to match our insurance provider. This made payments and discounts relatively easy to come by. At the same time, lacking a physical branch with ATMs and the ability to withdraw cash was kind of annoying. When we faced an issue, the staff, both through social media and on the phone were actually really quite helpful and capable. The biggest issue was that when something came up in our insurance (a billing error caused it to seem like we hadn't been paying for months), untangling all of the pieces from that was annoying. If you can avoid that sort of billing error, I wouldn't be too put off by their services. At the same time, as I've already noted, the customer service, both through social media and on the phone was helpful and considerate. If I was going to do it again, I'd not be bothered by Nationwide bank.


I had an account with Nationwide when I was in my early 20's and while it was convenient for check deposits, it was nothing special in regards to the rates that they provided. Once I had decided to start looking into things such as interest rates on checking, savings and loans I moved away from them and transferred my money to a local credit union.



Health Grade Components

FDIC Certificate #34710
Year Established1998
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD5.02%
Annual Interest Income$215.8MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$7.18B$6.87B
LoansQ4 2017vs Q4 2016$4.75B$4.69B
DepositsQ4 2017vs Q4 2016$4.79B$4.80B
Equity CapitalQ4 2017vs Q4 2016$608.3MM$546.9MM
Loan Loss AllowanceQ4 2017vs Q4 2016$25.2MM$27.7MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$8.5MM$10.7MM
Real Estate OwnedQ4 2017vs Q4 2016$1.1MM$267.00K
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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

1.30%--Savings Account
0.30%--Holiday Club

Nationwide Bank Money Market Rates

1.55%*$10k*-Money Market Account
OTHER TIERS: 1.15% Up to $10k
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

2.41%*$100k*-60 Month CD
OTHER TIERS: 2.36% Up to $100k
2.40%*$100k*-24 Month CD
OTHER TIERS: 2.35% Up to $100k
2.20%*$100k*-36 Month CD
OTHER TIERS: 2.15% Up to $100k
1.91%*$100k*-12 Month CD
OTHER TIERS: 1.86% Up to $100k
1.90%--15 Month CD
1.70%*$100k*-48 Month CD
OTHER TIERS: 1.65% Up to $100k
1.55%*$100k*-6 Month CD
OTHER TIERS: 1.50% Up to $100k
1.31%*$100k*-18 Month CD
OTHER TIERS: 1.26% Up to $100k
0.95%*$100k*-Business 60 Month CD
OTHER TIERS: 0.90% Up to $100k
0.75%*$100k*-3 Month CD
OTHER TIERS: 0.70% Up to $100k
0.75%*$100k*-Business 48 Month CD
OTHER TIERS: 0.70% Up to $100k
0.65%*$100k*-9 Month CD
OTHER TIERS: 0.60% Up to $100k
0.50%*$100k*-Business 36 Month CD
OTHER TIERS: 0.45% Up to $100k
0.35%*$100k*-Business 24 Month CD
OTHER TIERS: 0.30% 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

2.41%*$100k*-60 Month IRA
OTHER TIERS: 2.36% Up to $100k
2.40%*$100k*-24 Month IRA
OTHER TIERS: 2.35% Up to $100k
2.20%*$100k*-36 Month IRA
OTHER TIERS: 2.15% Up to $100k
1.91%*$100k*-12 Month IRA
OTHER TIERS: 1.86% Up to $100k
1.90%--15 Month IRA
1.70%*$100k*-48 Month IRA
OTHER TIERS: 1.65% Up to $100k
1.55%*$100k*-6 Month IRA
OTHER TIERS: 1.50% Up to $100k
0.75%*$100k*-3 Month IRA
OTHER TIERS: 0.70% 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