Advertiser Disclosure

Nationwide Review: Checking, Savings and CDs

July 12, 2019
Banking, Banks & Credit Unions
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.
4.0 NerdWallet rating

Where Nationwide shines:

  • 1.70% APY for its My Savings account.
  • No monthly fees on its interest checking account.
  • Attractive CD rates.
  • Domestic ATM fee reimbursements.

Where Nationwide falls short:

  • Average mobile app ratings.
  • Only one branch.
  • Not part of any big fee-free ATM network.


Where Nationwide shines:

  • 1.70% APY for its My Savings account.
  • No monthly fees on its interest checking account.
  • No monthly fees on its interest checking account.
  • Attractive CD rates.
  • Domestic ATM fee reimbursements.

Where Nationwide falls short:

  • Average mobile app ratings.
  • Only one branch.
  • Not part of any big fee-free ATM network.

The bottom line

Nationwide

at Nationwide,

Deposits are FDIC Insured

Nationwide’s deposit accounts were recently acquired by Axos Bank, which provides the accounts for Nationwide members. The Axos Bank and Nationwide partnership offers customers a variety of online options, including a high-yield savings account and interest checking account — with no monthly fees — that reimburses up to six ATM charges a month.

Customers also have access to above average CD and savings rates. To compare savings rates at online banks, take a look at NerdWallet’s best high-yield online savings accounts.

Best if: You’re looking for free checking and savings accounts that have competitive rates.

» Want more options? See NerdWallet’s analysis of banks that offer excellent checking and savings accounts.


Ratings methodology

NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, bank experience and overdraft fees.

Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation.

The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

About the author