Nationwide Money Market Plus

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 0.25%, 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 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. 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?

Yes, this account is insured up to $250,000 per person 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?

Nationwide Money Market Plus Rates and Terms

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.

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.