Nationwide Bank Money Market Account Program Gives Yields of 2.97% APY
The Nationwide Bank encourages consumers to take advantage of their best online money market account program which earns faster than traditional savings account. Their current money market rates are pegged at 2.97% APY as of January 5, 2009 and is subject to change any time.
The minimum deposit to open the account is $1000. It comes with some perks like free online banking, free first order of checks, ATM card, no ATM fees nationwide, free transfer of funds between Nationwide Bank accounts.
One needs to maintain an average daily balance of at least $1000 to avoid the monthly service charge of $8.
Application can be completed online in just 10 minutes. Funds can be transferred from any bank account or can be sent by check. Nationwide Bank agents and associates get a privilege of opening an account with just $250.
The world headquarters of the bank is in Columbus, Ohio. Nationwide Bank operates under the umbrella of Nationwide which is one of the biggest financial services and insurance companies in the globe. It has a declared statutory asset worth $160 billion.
Bankrate.com issues a 4-star rating for the bank’s performance and financial soundness. It is FDIC insured.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
