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Nationwide Bank Reviews, CD Rates and Deposit Rates

Nationwide Bank Reviews, CD Rates and Deposit Rates

I'm sure you heard of the insurance company Nationwide, which is one of the largest insurers in the United States. The insurance company also has a bank, Nationwide Bank, that is FDIC insured (Cert: 34710). The bank has been around for a long time since September 1, 1998 and is located in Columbus, Ohio.

Besides insurance Nationwide also offers financial products like annuities, retirement plans and Investments Resource Center that is packed with tools to help you make investment decisions.

Nationwide also offers banking products like home loans, savings accounts, money market accounts, checking accounts and certificates of deposit. The bank's money market rates and CD rates have the best rates.

12 month bank CD rates are currently offered at 1.14% with an APY of 1.15%. One of the best CD rates at banks available right now. Jumbo 12 month CD rates are slightly higher at 1.19% with a jumbo yield of 1.20%. Jumbo accounts have minimum deposit of $100,000.

Nationwide Bank CD Rates

3 Month CD 0.50% Yield 0.50%
6 Month CD 0.80% Yield 0.80%
9 Month CD 0.85% Yield 0.85%
12 Month CD 1.15% Yield 1.15%
18 Month CD 1.30% Yield 1.30%
24 Month CD 1.40% Yield 1.40%
36 Month CD 1.80% Yield 1.80%
48 Month CD 2.10% Yield 2.10%
60 Month CD 2.35% Yield 2.35%

Jumbo CD interest rates run 0.05% higher.

Money market account rates are 1.04% with a yield of 1.05%. The bank's savings account rate is less than half that rate at 0.50%. You can find savings account rates higher at other banks and credit unions.

Other products and rates Nationwide Bank has include a 0% promotional Visa credit card. The promo rate is good for 12 months if you xqualify. Take a look at Nationwide Bank's product offerings and financial tools at nationwide.com.

Author: Monica Harris
May 28th, 2011