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.
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Account consideration |
Advantages of a Nationwide Bank Savings Account | Advantages of a Nationwide Bank Money Market Account |
Advantages of a Nationwide Bank CD Account |
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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. |
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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 |
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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 70,000 surcharge-free ATMs within the Allpoint, PNC Bank, Alliance One and MoneyPass ATM networks. 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 70,000 surcharge-free ATMs within the Allpoint, PNC Bank, Alliance One and MoneyPass ATM networks. 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 Each depositor insured to at least $250,000.
