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Nationwide Certificates of Deposit
in CD Accounts from Axos Bank · Member FDIC
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Nationwide Certificates of Deposit

Claimed
in CD Accounts from Axos Bank · Member FDIC
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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APY (Annual Percentage Yield) 0.2% - 2.85%
(Verified 09/20/2022)
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Nationwide Certificates of Deposit Review

Nationwide Certificates of Deposit is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Nationwide Certificates of Deposit is available in 48 states (and Washington, DC).

Key Takeaways

  • Only one CD account type available. Nationwide Bank CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 2.85%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Nationwide Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Nationwide Certificates of Deposit

Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in 48 states.
  • High-interest yield.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.

Nationwide Certificates of Deposit FAQ

Are CDs from Axos Bank federally insured?

Yes, your Axos Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #35546). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Axos Bank offer?

Nationwide Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Axos Bank offer on its CDs?

Nationwide Bank CD offers an APY starting at 0.2% and ranging up to 2.85%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Nationwide Bank CD offer?

Axos Bank offers CD terms of the following lengths:
Nationwide Certificates of Deposit Rates & Terms
Description
APY (Annual Percentage Yield) 0.2% - 2.85%
3-Month APY 0.2%
6-Month APY 0.2%
12-Month APY 2.80%
18-month APY 2.85%
2-Year APY 0.2%
3-Year APY 0.2%
4-Year APY 0.2%
5-Year APY 0.2%

What is the minimum deposit to open a CD account with Axos Bank?

Nationwide Bank CD requires a minimum deposit of $500 to open an account.

What is the grace period for Nationwide Bank CD?

There is a 10-day grace period for Nationwide Bank CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Nationwide Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Axos Bank does not charge an early withdrawal fee.

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Message From Axos Bank

Grow your money and reach your savings goals with competitive interest rates, guaranteed returns, and absolutely no market risk. Plus your deposits are FDIC-insured up to the maximum allowable limits. Offering the flexibility of 3 to 60 month terms, you can receive a larger return with a minimum deposit of $500 into a safe, FDIC-insured CD.

Availability

  Available in 48 states and Washington, D.C.
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $500
APY (Annual Percentage Yield) 0.2% - 2.85%
(Verified 09/20/2022)
3-Month APY 0.2%
6-Month APY 0.2%
12-Month APY 2.80%
18-month APY 2.85%
2-Year APY 0.2%
3-Year APY 0.2%
4-Year APY 0.2%
5-Year APY 0.2%
CD Accounts Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Nationwide Certificates of Deposit Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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