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Nationwide Bank

Popular Accounts at this Bank

2.40%2-year CD24 Month CD
2.45%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.

View all posts from:

Reviews (174)

Why I Bank With Nationwide

Posted by: Benzista | May 21, 2018

I have stayed loyal to Nationwide primarily due to the ease and security that it provides through its online banking system. For a fair price of $25, you can open a secure online savings account that connects you with thousands of surcharge-free ATMs and personal finance management tools for little or no yearly fee. As a young professional, I was glad that my account was FDIC-insured for a larger amount (at least $250,000) than I would even have in the account for a few years. I suppose one reason that I can attest to my happiness with Nationwide's services is the fact that I have never even spoken to a Nationwide employee, and that's by choice -- the ease with which I can navigate it's online banking system has served me well and without issue, though I'm confident I could reach out to Nationwide with any issues that might arise, if that were the case.

Exceptional Customer Service

I previously have had checking and savings with Nationwide as well as a credit card. I have always found them to have exceptional customer service. They have always helped me with any issue I might have with my checking account. They take their time and take care of any problem.
I find the website very user friendly and useful too. I think they offer many products that are helpful to consumers such as I. Overall I've only has positive experiences with Nationwide.

Not Great

Posted by: KingNot | May 15, 2018

I use Nationwide for all my insurances, and for my 401k so I figured I would try their bank account. My thought was why not I love all there other services this should be no problem. Upon research I found that there APR rates and account fees were pretty comparable with other companies, so that also lead me to open an account. I called and unfortunately for the first time had the worse experience opening an account. My account was frozen the first 3 week of owning, if i did not have a local bank with funds I would be been screwed. I couldn't even check the mobile site with my account information it just told me I needed to call customer service which when I called I was told they needed to do some research and would call me back with in 48 hours. I waited over the weekend to call back since 48 hours was technically a Saturday, I called on Tuesday and they said there was no notes in the system and had to open a new claim with the issues I was having. I felt like the customer service department was a completely different business then I am use to working with . I felt like I was bothering my operator by wanting to open an account. Also you would think that because I already have other accounts with the company I would just be able to open an account but I had to go through this long identity confirmation process, which I respect for the identity part and confirming everything and keeping everything safe but I just felt like it was a long process for a BANK account online when I could walk into any bank and open an account with in one day. After everything was cleared up the account has been good to me. I luckily have not had to call the customer service department. Honestly customer service is something I really look into for a company and I was highly disappointed with the treatment and games I felt like they were playing with me ( again like I said I have multiple accounts with the company so it was not expected to be treated in my eyes so poorly )

A Dissapointing Bank

I have had my account with Nationwide for aproximatly 3 years. I was hesitant because there were no traditional branches to conduct business, but figured I would give them a chance as I have other online bank accounts. The level of customer service I receive from Nationwide is beyond disappointing. The website is average, with less features than my other accounts. I am angry that when I do need assistance it is next to impossible to get someone with authority available to help me. I had a deposit that was not applied to my account and it took several phone calls to many departments to finally have it credited. I don't have time to waste, and will be looking for another account as soon as possible.



Health Grade Components

FDIC Certificate #34710
Year Established1998
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD6.58%
Annual Interest Income$56.9MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$7.11B$7.19B
LoansQ1 2018vs Q1 2017$4.58B$4.93B
DepositsQ1 2018vs Q1 2017$4.75B$4.90B
Equity CapitalQ1 2018vs Q1 2017$602.0MM$579.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$25.0MM$27.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$9.7MM$9.1MM
Real Estate OwnedQ1 2018vs Q1 2017$704.00K$599.00K
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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%--Online 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

2.56%*$100k*-60 Month CD
OTHER TIERS: 2.51% Up to $100k
2.45%*$100k*-36 Month CD
OTHER TIERS: 2.40% Up to $100k
2.40%*$100k*-24 Month CD
OTHER TIERS: 2.35% Up to $100k
1.91%*$100k*-12 Month CD
OTHER TIERS: 1.86% Up to $100k
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

2.56%*$100k*-60 Month IRA
OTHER TIERS: 2.51% Up to $100k
2.45%*$100k*-36 Month IRA
OTHER TIERS: 2.40% Up to $100k
2.40%*$100k*-24 Month IRA
OTHER TIERS: 2.35% Up to $100k
1.91%*$100k*-12 Month IRA
OTHER TIERS: 1.86% Up to $100k
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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.