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. 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.

View all posts from:

Reviews (175)

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.


Posted by: ssms | Sep 9, 2018

I opened a couple of CDs with Nationwide Bank last year. They had better rates than most banks at the time and the process of opening a CD was easy. Nationwide is now selling it's banking division to Bank of Internet USA (which is changing it's name to Axos). I've had accounts with Bank of Internet in the past when they had good rates but their current rates are awful compared to other banks. Maybe that'll change once the sale is complete.

A College Student Banks at Nationwide

Posted by: 2cutemick | May 5, 2018

I have had a Nationwide account for 9 months now. I got it at the beginning of my first semester at college. I did not choose to have a Nationwide account, but my father has an account, and it is easy and efficient for him to transfer money to me as I need it throughout the year if I have the same type of account. I have a Checking Account that gets a direct deposit of $200 per week from my part-time job. If it weren't for the job, I would have to pay monthly fees to access my money: so that is something I am immediately going to look for when choosing my next bank, a lack of those kinds of fees. While the customer service is top-notch, I don't "feel good" about banking with Nationwide, and would choose somewhere else if it were pliable.

Banking with Nationwide

Posted by: bertkey | Apr 24, 2018

Well, I went in to open up a savings account and I was treated very poorly by the customer support person whom asked if they could help me. This should have been a very easy thing to do with absolutely no complications but just the experience of the rude customer service representative made me not open a basic savings account at the bank. Instead I opted to use the mobile application to open a savings account. It was far easier and no hassle was involved.


Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Nationwide Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #34710
Year Established1998
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-4.42%
Return on Equity - YTD-53.84%
Annual Interest Income$160.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$6.21B$7.25B
LoansQ2 2018vs Q2 2017$3.96B$4.93B
DepositsQ2 2018vs Q2 2017$4.14B$4.57B
Equity CapitalQ2 2018vs Q2 2017$474.2MM$584.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$0$27.8MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$5.1MM$9.3MM
Real Estate OwnedQ2 2018vs Q2 2017$600.00K$1.1MM
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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

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