Nationwide Money Market Plus Review

Nationwide Money Market Plus is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide Money Market Plus is available in 49 states (and Washington, DC).

• Very high APY. This account offers an annual percentage yield of up to 0.5%, which is much higher than the national average for a money market account.
• No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
• Charges a monthly fee. This account charges a monthly service fee of $8, but the fee is waived if you keep a minimum balance of $1,000.
• $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros	Cons
Available in 49 states. High-interest yield. No charge on incoming domestic or international wire transfers. Deposit checks remotely.	No signup bonus. Does not provide a debit card. Monthly service charge.

Are money market accounts from Nationwide federally insured?

No, your Nationwide money market accounts are not insured by a federal insurance agency. This means that if Nationwide were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What are the interest rates for Nationwide money market rates?

Nationwide Money Market Plus Rates and Terms

Rates	Amount
APY	0.5%

Nationwide money market offers an APY of up to 0.5% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0.

What are the fees for Nationwide Money Market Plus?

This account charges a monthly maintenance fee of up to $8. You can avoid this fee by maintaining a balance of $1,000.

Nationwide will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Nationwide will allow you to make up to 6 withdrawals or transactionss per month. That is also the maximum set by federal regulations.

Nationwide Money Market Plus Fees

Fees	Amount
Monthly Fee	up to $8
Paper Statement Fee	$5
Excess Transaction Fee	$10

What is the minimum balance for Nationwide money market?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

What features and perks does Nationwide money market offer?

This account includes the following features:

• Mobile Banking Services - Nationwide money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

How do people rate the customer service and user experience?

Overall, this business credit card is mostly recommended based on community reviews that rate customer service and user experience.

How to open an account with Nationwide

• Visit the Nationwide website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.