Nationwide Bank Ups Jumbo CDs to Competitive Levels


Availability: Nationwide

Ohio-based Nationwide Bank raised the rates on its 24-month CD (1.51% APY) and 36-month CD (1.70% APY). The minimum opening deposit to earn these APYs is $100K, with no maximum balance cap.

Both CDs are also offered with a $500 minimum deposit, with rates a uniform 5 basis points lower.

1.33*%$100k-Nationwide Bank36 Month IRA (Traditional, Roth, CESA, SEP)
1.33*%$100k-Nationwide Bank36 Month CD
1.25*%$100k-Nationwide Bank24 Month IRA (Traditional, Roth, CESA, SEP)
1.25*%$100k-Nationwide Bank24 Month CD
Accounts mentioned in this post. Rates as of December 4, 2016.

The CDs are also offered as IRAs (Traditional, Roth, CESA, and SEP), earning the same APYs with the same funding requirements.

As stated on Nationwide Bank’s Terms and Conditions page, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of two years or greater:
The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.


Headquartered in Columbus, Ohio, Nationwide Bank is an internet bank that has no brick-and-mortar branch locations. Its products (including all of the above mentioned CDs) are available nationally, and must be opened utilizing the bank’s online application.

According to Nationwide Bank’s FAQ:

To open a certificate of deposit account with another person, you will need to have that person's ID and residence information, too.
You can use our online application to open an individual or joint account with Right of Survivorship and with up to three co-signers.
You'll need to fund your account with an initial deposit that you can electronically transfer from another personal bank account or send by check.

Bank Overview

Nationwide Bank has an overall health grade of "A" at, with a Texas ratio of 1.34% (excellent) based on September 30, 2015 data. In the past year, Nationwide Bank increased its total deposits by $556.25 Million, an excellent annual growth rate of 12.69%. Please refer to our financial overview of Nationwide Bank for more details.

Nationwide Corporation started out as an auto insurer for farmer in Ohio in the 1920s before growing into the large company that it is today. Nationwide Bank (FDIC Certificate # 30470) was originally established in 1998 as the Nationwide Trust Company, and the name was changed to Nationwide Bank in 2007 when the Bank began offering products to the public.

How the CD Compares

When compared to 137 similar length-of-term CDs tracked by that are available nationally, Nationwide Bank’s 24-Month CD APY currently ranks second, regardless of minimum deposit.

When compared to 139 similar length-of-term CDs tracked by that are available nationally, Nationwide Bank’s 36-Month CD APY currently ranks third, regardless of minimum deposit.

The above rates are accurate as of 1/18/2016.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Nationwide Bank Extends $200 E-Checking Account Bonus


Nationally available.

Nationwide Bank extended its E-Checking promotion which offers new checking customers a $200 bonus. The new expiration date is 6/30/2015. Direct deposit is required, and the E-Checking does have monthly fees. The fees can be waived, but it will take either some effort or money to avoid the fees. That’s the main downside with this checking account. If you opened this account last year, please leave a comment about your experience.

To qualify for the $200 bonus, the following requirements must be met:

  • Open a new E-Checking account by...
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Nationwide Bank Increases Jumbo CD Rates to Top Levels

With Treasury yields falling over the last couple of weeks, I’ve been worried that we may see the end of CD rates creeping up. This trend of rising CD rates has been seen at several internet banks this year. I’m happy to report it’s not over. Nationwide Bank is the latest internet bank to raise CD rates to new top levels. Some of its Jumbo CD rates are now leaders among internet banks. Its Jumbo 5-year CD rate increased from 7 basis points to 2.37% APY. That puts it...

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Nationwide Bank Raises Jumbo CD Rates To Competitive Levels

Nationwide Bank recently raised the rate on five of its Jumbo CDs. Each of these CDs requires a $100K minimum deposit, with no maximum balance cap. These CDs are also available as IRAs (Traditional and Roth) at the same rates.

Note: the CDs are also offered as non-Jumbo products ($500 minimum), with rates uniformly 5 basis points lower.

According to Nationwide Bank’s Terms and Conditions Page, the Early Withdrawal Penalties on these CDs are as follows:

Nationwide Bank's Money Market Account is currently earning 0.68% APY and requires...

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Nationwide Bank's Offers $200 Bonus For Opening New E-Checking Account

NationwideBank is offering a $200 promotional bonus to new customers who open an E-Checking account. This promotional offer is valid through October 31, 2014, and is not available to existing checking account customers. The $200 bonus is limited to one per household and the promotion code 03104481 must be used when opening. The E-Checking account earns 0.60% APY ($10K), 0.30% APY ($2.5K), and 0.10% APY ($1).

Nationwide Bank's E-Checking account will earn 0.60% APY, and monthly fees will be waived if the following requirements are met:

  • Monthly Direct...
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Higher Mid- and Long-Term CD Rates at Nationwide Bank

Nationwide Bank is the latest bank to increase its mid- and long-term CD rates. It’s another bank to join the 2% club. Its Jumbo 5-year CD has a 2.02% APY. This requires a $100,000 minimum deposit. For a $500 minimum deposit, the APY is 1.97%. Below is a list of Nationwide Bank's most competitive CD and IRA CD rates for a minimum $100,000 deposit as listed at the bank's rates page as of 10/21/2013. Rates are 5 basis points lower for deposits under $100,000.

  • 2.02% APY 5-year Jumbo CD and IRA...
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