Nationwide Bank Offers 3.27% APY for Money Market Account
Nationwide Bank encourages consumers to take advantage of their money market account offerings which yield 3.27% APY. The account requires $1000 minimum deposit to open. The first order of checks is also free.
The money market account does not impose a monthly fee as long as the $1000 daily balance is met. An $8 charge will be incurred in case the account holder does not maintain the required balance.
A limit on pre-authorized withdrawal is limited to 6 and a fee of $5 will apply after the allotment has been used up. Account holder may transfer funds between their Nationwide Bank accounts and move funds from other accounts from other banks.
Members of the Agency Banking Program and Nationwide Associates may open the account for a minimum of $250. They can also perform non- Nationwide ATM transactions free.
Interested individuals may apply online or visit a local branch. The bank has been getting good reviews with BauerFinancial and Bankrate.com both giving the bank 5 stars.
The bank was also included in bankrate.com’s list of top tier banks which offer high APYs in the Q3 of 2008.
Nationwide Bank has a declared statutory assets amounting to $161 billion and is insured with the FDIC with certificate # 34710.
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