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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's Money Market Now Earns 1.40% APY - 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.

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.

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Reviews (126)

Great Bank, Awesome Online Banking Experience

Nationwide Bank is my preferred bank. I have been using them for about two years now. With Nationwide Bank, I have both a savings and checking account; my everyday checking account is held with Nationwide Bank. I switched from a local bank to Nationwide Bank because I was tired of paying insane ATM fees every time I needed to withdraw cash from areas other than my own local region, where I couldn't access offshoots of my old bank. This is not the case with Nationwide Bank. I also love the Nationwide Bank website and app. Online banking with them is very easy. One of the features that I love and use often is the online check deposit feature. This is very easy, convenient, and saves me a trip to the bank. I would highly recommend Nationwide.

Much Better Than Average

Posted by: Cuteamel | Nov 12, 2017

I have had a checking account with Nationwide for almost three years now. My sister recommended them to me after I had a bad experience with a different bank. In the past three years I have not had a single issue with Nationwide. Actually, there have been a couple of times in the past when I have been pleasantly surprised, such as when I had my first paycheck direct deposited into my account and it showed up more than two days before it was supposed to (my payday is Friday, and my paycheck showed up on Tuesday about eleven at night). I have never been assessed any fees or charges out of the blue like with a lot of other banks. I keep a decent amount of money in the account, use it for day to day purchases, and I have not had to pay any fees to keep the account open. I am happy with them and I don't plan on changing banks any time soon.

Good bank for having a second account

Do not make this bank your primary bank, you can get better rates and lower fees elsewhere. Nationwide makes a good bank but I personally use it as a second bank and not my primary. The fees are a little steep sometimes depending on what you do and use. The rates are the standard honestly. So nothing special to write home about.
Overall a decent bank but again nothing special about this bank to stick out from the crowds.

On Hold Over 30 Minutes.

Posted by: doornik | Nov 20, 2017

I opened a savings account at Nationwide for the good interest rate and what I thought would be the convenience of online banking. Turns out that you have to call the toll free number for transactions over $5000. On hold for over 30 minutes. Crazy!

I cancelled account today.

Save your time and find another online bank.

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Health

Health Grade Components

Overall
FDIC Certificate #34710
Year Established1998
Employees316
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD3.15%
Annual Interest Income$161.6MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$7.19B$6.85B
LoansQ3 2017vs Q3 2016$4.90B$4.57B
DepositsQ3 2017vs Q3 2016$4.78B$4.83B
Equity CapitalQ3 2017vs Q3 2016$591.8MM$559.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$27.7MM$27.5MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$9.3MM$10.7MM
Real Estate OwnedQ3 2017vs Q3 2016$1.0MM$779.00K
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
1.40%*$10k*-Money Market
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

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
1.95%*$100k*-24 Month CD
OTHER TIERS: 1.90% 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
1.95%*$100k*-24 Month IRA
OTHER TIERS: 1.90% 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