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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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Nation Wide - Good bank with questionable customer service

Nationwide is excellent in the area of fees, excellent in the web and mobile experience, but their customer service is horrid. I have called this bank and been unable to get a simple activation of Android Pay due to the security policy and ineptitude of the phone customer sales reps. When I told them my verifying data, the next question was asking me what is a local retailer that I shop at on a regular basis, and because she would not specify any more details, I incorrectly said the retailer was Amazon. Because of that they refused to activate Android Pay and put me through a huge phone tag that ended in them asking me to go to a local branch to get the issue solved.

Nationwide is nice!

I have used Nationwide Bank for 2 years now and I haven't had any problems with them. I only have a savings account. I did have my debit card stolen before and I quickly called them and, even though some money had already been spent, they were quick to help me and refunded my money. They were really understanding and helpful I have also overdraft my account because money I have transferred from else where did not deposit fast enough and and they have waived the fee. Overall I have had a positive experience with them and will keep using them because so far they have been great.

Excellent Service

When I first entered the bank I was greeted by a very nice person. I told the gentleman I saw a sign about a CD and I was interested. He asked me to follow him to speak to a financial adviser who could best help me. The adviser I spoke to was very kind and helpful. I felt like I was in good hands. I was shown several different investments of varying interest rates and time to maturity. I found a great CD with a one year time line that seemed like a great deal. I am very happy with my experience at Nationwide. I intend to return there soon to focus on preparing for my retirement. I feel like Nationwide offers many resources, it is fun explore all of the different options on how to best manage my money.

The fees got me

It was suggested to me that I should open an account with this bank or a few other because I would be traveling outside of the US and it would make it easier to deposit and withdraw money this account. I look at some information on line and then set up an account. I must have missed a few things because after using my debit card few ATM's just in the states I ended up with a few unexpected fees. I ended up calling to speak with a rep about the issue. The customer service was very good. The rep was friendly and very thorough. Although I was upset about having received the fees I felt that this person did an excellent job walking me through the reasons why I was charged and what I could differently in the future to prevent such fees from popping up again. Overall, the customer service to me is what made the experience as bright as it was but I did end up switching banks.

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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
1.96%*$100k*-60 Month CD
OTHER TIERS: 1.91% 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
1.96%*$100k*-60 Month IRA
OTHER TIERS: 1.91% 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