The Nationwide Bank Review summarizes the high yielding money market, cd accounts, and savings offered by Nationwide bank. We have specific reviews about each account that lists their rates, fees, and details.
Overview of Nationwide Bank
Behind Nationwide Bank is 80 years of sound experience in the financial services industry—experience you can count on. Using that know-how, Nationwide Bank has managed to grow during the current economy. And to keep the company—and your money—secure regardless of the future economy, Nationwide Bank’s capital to debt ratio is 2-1. In other words they hold twice the assets as debt. They are four-star rated by bankrate.com, a leading rating agency which tests the security of financial institutions across the country. And deposits are insured by the fdic so you can be sure your money is safe and sound. Nationwide Bank, is one of the safest online banks in the industry. The company is headquartered in Columbus, Ohio and is listed on the New York Stock Exchange as Nationwide Financial Services (NFS).
FDIC Insured, Full-Service Banking From Home or On-the-Go
One of the bonuses of using an online bank is you never need to worry about trying to beat the cross-town traffic before the only branch in town closes or about finding a branch while you are on vacation. Nationwide Bank is just a click or an ATM away. You can access your account 24 hours a day, seven days a week from home, from work or anywhere you have computer or telephone access. Not only are your accounts fully available but Nationwide Bank offers all the services your would expect from any bank and they are also a trusted name for all lines of insurance and investment products which streamlines all your financial services to one company.
Checking and Savings Accounts
Online Checking Accounts
Online checking accounts are a breeze and with flexible options of basic or high interest checking you can choose the option that best fits your needs. Both bank accounts come with free Visa® debit cards and have available overdraft protection with a qualified savings account. Online bill paying, money transfers and ATM access are also free services with either bank account type.
Online Savings Accounts
Nationwide Bank’s online savings accounts boast high savings rates and can be free depending on how you use your savings account. You have two free partner ATM transactions per month, unlimited free money transfers, free online statements and up to six pre-authorized withdrawals each month.
High Yield Money Market and High Yield CD
High Yield Money Market
During the first quarter of 2010, Nationwide’s high money market and cd accounts were ranked in the top 100. Both of these interest-bearing accounts offer the flexibility of easy access to your money with the benefit of high yield savings. In addition to one of the highest money market yields, your first order of checks is free and you have all the same free services of a standard online checking account. We have a review that explains all the fees, rates, and details about Nationwide Bank Money Market Account.
Certificate of Deposit
Nationwide’s online certificate of deposits offer maturity terms from three months to five years and with an opening deposit of $500 they help bring the security of high interest saving in reach of most budgets. Just be aware of the penalties of withdrawing from your cd account before it has matured.
Loans/Visa® Credit Cards/Lines of Credit
Nationwide bank offers all the traditional loan and credit products you would expect to find in your neighborhood bank but with interest rate savings because they bring the bank to your computer instead of bringing you to the bank. Home and vehicle loans and credit cards and lines of credit are a few simple clicks away.
Additional Banking Services
In addition to being one of the best online banks, Nationwide Bank is part of the Nationwide family of companies which include a wide variety of insurance and investment products to meet all your needs no matter what they may be. In today’s busy world, the convenience of streamlining all your financial services to one location is becoming more and more attractive to many busy consumers. The full range of additional products and be found on the company’s website at www.nationwide.com.
Summary of Nationwide Bank Review
Nationwide Bank is one of the most stable, secure banks in the industry. Even during the recession they have managed to grow so they had no need for government bailout funds. They carry twice as many assets as debts making them a safe, solid choice for all your banking needs. Nationwide Bank offers all the services you would expect from a traditional bank from the comfort of your favorite desk chair. The 24/7 access to you money gives you maximum flexibility to work and play without having to worry about keeping banker’s hours. Their high yield savings accounts are some of the highest available maximizing your investment. Their loan and credit products offer some of the lowest interest rates available. Nationwide also offers a full line of insurance and investment products for all your financial services needs.
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