SuperMoney

Nationwide Money Market Plus

in Money Market Accounts from Nationwide

Unaffiliated Visit Site

Nationwide Money Market Plus

Unaffiliated

in Money Market Accounts from Nationwide

SuperMoney Net Recommendation Score +13

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +13, equating to 3.3 on a 5 point rating scale.

+13

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.

Mostly recommended

4 users recommend
1 user is unsure
3 users don't recommend
Cast your vote

Would you recommend Nationwide Money Market Plus to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating Mostly recommended
APY (Annual Percentage Yield) 0.5%
APY Minimum Balance $0
Minimum Opening Deposit Starting at $1,000
Number of Reviews 8

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).

Key Takeaways
  • 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 of Nationwide Money Market Plus
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.
Nationwide Money Market Plus FAQ

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.

What is the customer service phone number?

The customer service number for this business card is (877) 669-6877.

What is the support contact email?

The support contact email for this business credit card is consumerprivacy@nationwide.com.

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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 49 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Opening Deposit Starting at $1,000
Monthly Fee $8
NSF Fee $25
Paper Statement Fee $5
Account Features
  • Member FDIC
  • Free Bill Pay
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.5%

Nationwide Money Market Plus Community Reviews

 

Would you recommend Nationwide Money Market Plus to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +13, equating to 3.3 on a 5 point rating scale.

+13

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.

sorted by

Other Money Market Accounts