Last Updated: 04/18/2025
SuperMoney User Recommendation Score +20
Mostly recommended10 total votes
Compare All Money Market Accounts
Filter & compare all your options in one place.
Highlights
Community Rating
Mostly recommended
APY (Annual Percentage Yield)
0.25%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Balance to Earn APY
$0
Minimum Opening Deposit
Starting at $1,000
Number of Reviews
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 are available in 49 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.25%, 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 fee of $8, but the fee may be 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 |
|
|
Nationwide Money Market Plus FAQ
Are money market accounts from Nationwide federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). 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 are the interest rates for Nationwide money market rates?
| Rates | Amount |
| APY | 0.25% |
Nationwide money market offers an APY of up to 0.25% (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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 account 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.
Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
Other Services by Nationwide
Boaters Insurance
Rating not yet determined (2 Reviews)
Car Insurance
5
2
1
8 Reviews
Flood Insurance
Rating not yet determined (3 Reviews)
Life Insurance
5
1
1
7 Reviews
Motorcycle and ATV Insurance
Be the first to rate
Personal Watercraft Insurance
Be the first to rate
Renters Insurance
2
6
2
10 Reviews
Specialty Homeowners Insurance
Rating not yet determined (1 Review)
Travel Insurance
2
14
16 Reviews
Umbrella Insurance
Rating not yet determined (1 Review)
Auto Loans
Be the first to rate
SuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +20, or 3.4 on a 5-point rating scale.
+20
-1000+100
No one recommends
Everyone recommends
Nationwide Money Market Plus Community Reviews
Would you recommend Nationwide Money Market Plus to your friends?
KC
Keana C.
Nov 30, 2022
May or may not recommend
Nationwide has always been an amazing company, with the best customer service. Definitely would recommend it to any of my friends and family.
CB
Christina B.
Mar 4, 2022
May or may not recommend
nationwide is company you would use for a rainy day if an emergency took place.
WS
Warda S.
Sep 29, 2021
May or may not recommend
They have great options like low Apy, minimum deposit to open the account, Thousands of atm are available. but the only issue they give you a very hard time to retrieve your funds. Their services are inconvenient.
JC
Jenna C.
Sep 28, 2021
May or may not recommend
I am a huge fan of Nationwide, and their Money Market Plus accounts are just as fabulous as the rest of the organization. It is easy to navigate and I appreciate their organization.
CD
Cedric D.
Aug 20, 2021
May or may not recommend
You need to play it safe if you're new to this, so I recommend you stay away from Nationwide/. As great as the company is, you still need a hefty deposit to get on you feet, as well as a stable source of income. On top of a high yield, this account isn't insured, so you really need something to fall back on in case anything happens.
Sydjanai
Jul 3, 2021
May or may not recommend
.5% is one of the highest yields available currently, but it comes at cost of stability for those who are new, young account holders, or those in general who do not earn much. While Nationwide is a very reputable company, the account is not insured. Additionally, fees are charged for over 6 withdrawals. This account really ends up requiring a minimum deposit of $1,000, as every time the balance falls ...Show More
VD
Vic D.
Feb 26, 2021
May or may not recommend
Nationwide is a great company, and .5 percent isn't bad at all. With this you have a maximum of 6 transactions before they charge you a fee. This account is not insured so if something happens to your account. Everything in it goes away without reimbursement or protection. If your account dips under $1,000 you will be charged for it. You work hard for your money, why risk loosing it?
Anthony C.
Jan 24, 2021
May or may not recommend
Nationwide MM Plus offers you the best flexibility and value for your investment. They have the best network of ATM and its in all 49 states. Watch your money grow at a generous 0.5 APY better than most leading banks. You can also avoid all major fees by keeping at least 1k minimum deposit. If you want control and access of your money anywhere, go with Nationwide today!
CO
Chijioke O.
Jan 15, 2021
May or may not recommend
I don't like the huge minimal deposit.
But the service is top-notch anyway.
I love the swift and timely response of the customer persons
Emma D.
Oct 24, 2020
May or may not recommend
Nationwide money market plus is the perfect investment tool for investors. The mobile banking option makes it easy to assess my account. I am allowed up to six transactions per month. The best part is that I do not get charged monthly fees when I have up to a thousand dollars in my account. This bank allows me to withdraw all your savings plus interest at any point.
Showing 10 of 10 reviews
You might also like
Best Money Market Accounts
SuperMoney
Savings vs. Money Market? Which Account Fits You Best?
Jessica Walrack
Should I Open a Savings Account and Why?
Erin Gobler
APR vs. APY: What's the Difference?
Bryce Sanders
How to Recession-Proof Your Finances in 7 Steps
Andrew Latham