Money Market vs. Checking

Checking Money Market

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Compare money market and checking account features

Both money market and checking accounts give you easier access to your money compared to traditional savings accounts, yet they serve different needs. Review the advantages of a Nationwide money market account versus a Nationwide Member CheckingSM account side by side. Then choose the banking solution that makes the most sense for you.

Nationwide Money Market Account Nationwide Member CheckingSM
Best for you if You already have money saved and want a little more convenient access to your money when you need it compared to a regular savings account. You use your debit card for everyday purchases and want to earn interest on your checking account.
Interest features Traditionally higher interest rates. Your interest rate and annual percentage yield are tiered and increase as your balance grows.
Monthly maintenance fee No monthly maintenance fee when you maintain a minimum daily balance of $1,000. Otherwise, $8. No monthly maintenance fee.
Minimum opening deposit $1,000 minimum opening deposit; $1,000 minimum daily balance $25
Online & mobile banking Free Free
Transaction limitations1 Up to 6 automatic or preauthorized withdrawals per monthly statement cycle, including telephone or electronic transfers and check or point-of-sale transactions. None
Account access Free 10 checks.

Access to more than 77,000 surcharge-free ATMs

Free ATM card upon request

2 free non-Nationwide Bank ATM transactions per month. ATM owner surcharges may apply.
Free first order of standard checks.

Access to more than 77,000 surcharge-free ATMs

Free Visa debit card

8 free non-Nationwide Bank ATM transactions. ATM owner surcharges may apply. Free unlimited use as the premier member benefit.

Online Bill Pay

Person-to-person payment
Overdraft protection Can be used as an overdraft protection funding account when linked to a checking account Available with a linked money market or savings account
FDIC- insured Yes Yes
Open an account Open a Nationwide Money Market Account

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Open a Nationwide Member CheckingSM

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[1] Limit does not apply to the number of withdrawals you can make by mail or at a Nationwide branch. An excess activity fee of $5.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a statement cycle.

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