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CD Comparison

Compare CD accounts with other longer-term savings options

If you are looking for an interest-bearing savings account that also offers the safety and security of being FDIC-insured, a CD from Nationwide Bank^® may be just the option you’ve been looking for. We want you to be comfortable and confident with your savings decision, so compare CD account differences with the features of a traditional savings or money market account to find the option that’s right for you.

Our easy-to-use CD comparison chart will help you compare CD rates so you can start earning more on your money today.

Compare CDs with money market accounts

As you make your CD comparison, be aware of the differences between CDs and money market accounts in terms of rates and liquidity.

For example, both CDs and money market accounts are secure savings options, but CDs offer interest rates that will not change during the term. Money market accounts, on the other hand, offer variable rates that can change regularly based on market conditions. So if you’re looking for the stability and predictability that comes with fixed rates, a CD is probably the best savings option for you.

Also, a CD traditionally offers an attractive interest rate in exchange for the liquidity you receive with a money market account. While money market accounts provide limited, but immediate access to funds, a CD may be the better option if you are willing to forgo accessibility for the length of your term.

When you compare CDs to traditional money market accounts, depending on the term, you may receive a greater return on your savings. Take advantage of our flexible terms ranging from three month to five years, and automatically renew your CD when it matures. You can even get a unique 18-month CD to better suit your needs.

Learn about flexible Nationwide Bank CD terms today.

Compare CDs with traditional savings accounts

When you compare CDs to savings accounts, you’ll find that CDs offer a few of the benefits of traditional savings accounts. Both choices offer great features, but if you’re looking for a longer-term savings option that allows you to safely earn higher yields over a fixed period of time, then a CD is the smart savings option for you.

However, if you want additional liquidity and have needs for a lower opening deposit, then a traditional savings account may be what you need.

In short, CDs provide you with the stability of a fixed interest rate because you are agreeing to forgo access to your money for the term of your account.

Earn more with higher Nationwide Bank CD rates for the duration of your term.

Find out more with our CD comparison chart

Our CD comparison chart gives you the tools you need to make smarter decisions with your money. You can compare CD rates and other CD advantages with savings and money market account features.

If you have already determined that a CD is right for you, open a Nationwide Bank CD account today.

Account consideration	Advantages of a Nationwide Bank Savings Account	Advantages of a Nationwide Bank Money Market Account	Advantages of a Nationwide Bank CD Account
Best for you if	You want a place to grow your money without higher fees or balance requirements.	You have money saved and need limited access to it.	You can afford to be without access to your money, taking advantage of higher-yield interest rates available.
Interest features	Same attractive APY*s for all balances.	Same attractive APYs for all balances.	APYs may vary by term, which range from three months to five years. Interest rates may increase depending on duration of maturity. May offer interest rates than savings or money market account.
Monthly maintenance fee	No monthly maintenance fee when you maintain a minimum daily balance of $300 or a monthly direct deposit of $25 or more. Otherwise, $3.	No monthly maintenance fee when you maintain a minimum daily balance of $1,000. Otherwise, $8.	No monthly maintenance fee.
Minimum opening deposit	$50 minimum opening deposit $300 minimum daily balance	$1,000 minimum opening deposit $1,000 minimum daily balance	$500
Online Banking	Free	Free	Free
Transaction limitations	Up to 6 preauthorized withdrawals per monthly statement cycle, including telephone or electronic transfers, check or point-of-sale transactions. Limit does not apply to the number of withdrawals you can make at an ATM. Free money transfer between your Nationwide Bank accounts and from your accounts with other banks.	Up to 6 preauthorized withdrawals per monthly statement cycle, including telephone or electronic transfers, check or point-of-sale transactions. Limit does not apply to the number of withdrawals you can make at an ATM. Free money transfer between your Nationwide Bank accounts and from your accounts with other banks.	Penalties may apply for withdrawal of funds before CD matures.
Account access	Free ATM card available upon request. Complete transactions online, by phone or at an ATM. Access to more than 37,000 Allpoint surcharge-free ATMs and 400,000 Visa^®/PLUS ATMs across the country. Two free non-Nationwide Bank ATM transactions per month.¹	First order of checks free, ATM card available upon request, complete transactions online, by phone or at an ATM. Access to more than 37,000 Allpoint surcharge-free ATMs and 400,000 Visa^®/PLUS ATMs across the country. Two free non-Nationwide Bank ATM transactions per month.¹	Complete transactions online or by phone for your convenience. ATM card not available.
Account Statements	Free online statements. Paper statements available only with linked checking account.	Free online statements. Paper statements available at no additional cost.	Free online statements. Paper statements available only with linked Nationwide Bank Checking Account.
Overdraft protection	Yes, it may be linked to a Nationwide Bank Checking Account for overdraft protection.	Yes, it may be linked to a Nationwide Bank Checking Account for overdraft protection.	No overdraft protection is offered with a Nationwide Bank CD.
FDIC- insured²	Yes	Yes	Yes

You’ve compared CD rates and benefits, now what?

Now that you know what a certificate of deposit is, you can benefit from our additional online resources to help make the savings decision that’s right for your situation. If you’re comfortable with a CD as your savings choice, start earning valuable interest and open your CD account today.

Looking for additional opportunities to save? Find more information about our other traditional savings account and money market account options.

If starting an online CD is the right choice for you, open a certificate of deposit today!

*APY refers to Annual Percentage Yield

¹ First two non-Nationwide Bank ATM transactions per month are free, but surcharges from ATM owner may apply.

² FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.

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Nationwide Mutual Insurance Company, Nationwide Mutual Fire Insurance Company, Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company and Nationwide Investment Services Corporation are affiliates of Nationwide Bank. The insurance products and services offered through these affiliates of Nationwide Bank are not insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank. The products and services offered through Nationwide Investment Services Corporation are subject to investment risk, including possible loss of value.

Programs (including, without limit, fees, rates and features) are subject to change without notice.

Nationwide Bank, Nationwide, the Nationwide framemark and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company. ©2009 Nationwide Mutual Insurance Company. All rights reserved.

Nationwide Bank, Member FDIC, is a federally chartered savings bank. Lines of credit, loans and credit cards are not insured by the FDIC. Nationwide Bank is an Equal Credit Opportunity Lender.

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