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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 (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%)

Nationwide Slashes 5-Year CD Rates - 7/10/2016

Nationwide has dropped its 5-year CD rate from 1.95% APY (2% for jumbo) to 1.70% APY (1.75% for jumbo).  Reflecting something of an "inversion," I guess, the 4-year CD rate is 1.76% APY (1.81% for jumbo).

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Great Customer Service

Posted by: MattKG | Dec 29, 2016

I used to have car insurance through Nationwide and that's how I found out about their banking services. I no longer have insurance with them, as I was able to find a cheaper rate, but I continue to bank with them because of their excellent customer service. Specifically, I had an issue with my paychecks when I started a new job and had an issue with over-drafting my checking account. I spoke to a representative over the phone and he was extremely helpful and sympathetic. I was helped quickly and treated with dignity and respect during an otherwise embarrassing situation. While it wasn't completely the outcome I was looking for, they were able to work with me to get things resolved in a way that I was satisfied with. I will continue to use Nationwide for my banking needs based on my satisfaction with my prompt and helpful treatment.

Nationwide e-checking

Posted by: WOW | Nov 13, 2014

I have had a nationwide e-checking account for about 3 months now. It was an easy transition. I received $200 just for opening the account. I can use non-nationwide ATMs without a fee. The website is simple and user friendly. Overall I would recommend nationwide to friends and family.

Good basic bank

Posted by: curtangel | Dec 20, 2016

I've used Nationwide Bank for close to a year now. Getting in is simple and when I use a new computer, it asks me a couple of questions but nothing excessive. I really like the bill paying feature - it gives me the option to send out checks on any date and doesn't require me to have the cash on hand when I set it up so I can set things up for beyond my next paycheck (for example). I've used the app to deposit a check and it read the check quickly and deposited the money in a reasonable length of time (a few days). I've transferred money between accounts a few times and it goes through without issue in a few days. Only issue I've had is that sometimes payments don't go through at the times I expect them to but it's nothing jarring or disruptive. This online bank isn't anything special but its a good basic workhorse that is secure and does the job you need it to do in a reasonable length of time.

Loan Processors

Posted by: tobe | Dec 3, 2011

We are currently embroiled in dealing with this bank.  So far we have found those handling our processing to be less than genuine, less than helpful with attitudes that are horrendous.  Very arrogant acting.  Nearly all corresponce from them begins with 'I'm sorry'.  After being dealt with by them I can see why.  You cannot believe anything you are told by these associates because they will say what you want to hear, then they go on their merry way only to tell you next time that the info you previously received was wrong.  In all my 60 years on this earth having obtained numerous loans to buy houses or for home improvements I have never been treated as disdainfully as this bank has.

VIEW MORE REVIEWS

Health
B+

Health Grade Components

Overall
FDIC Certificate #34710
Year Established1998
Employees308
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD1.34%
Annual Interest Income$141.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$6.85B$6.40B
LoansQ3 2016vs Q3 2015$4.57B$4.04B
DepositsQ3 2016vs Q3 2015$4.83B$4.94B
Equity CapitalQ3 2016vs Q3 2015$559.9MM$546.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$27.5MM$23.4MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$10.7MM$7.0MM
Real Estate OwnedQ3 2016vs Q3 2015$779.00K$645.00K
  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 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
1.90%*$100k*-60 Month CD
OTHER TIERS: 1.85% 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
1.90%*$100k*-60 Month IRA
OTHER TIERS: 1.85% 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