Offer status
Beginning in 2018, Nationwide partnered with Axos Bank to offer fixed-rate certificates of deposit. That partnership ended on March 15, 2024, and CDs are no longer available. There is currently no word on whether Nationwide plans to partner with another bank or to discontinue the offer of CDs indefinitely.
Nationwide CD rates for 2024
Rates as of June 7, 2024
APY = Annual Percentage Yield
Nationwide CD
Bottom Line
Nationwide CDs, once offered in partnership with Axos Bank, are no longer available. The rates below show the most recent data that was available to us.
MINIMUM DEPOSIT $500
| 3 Mo. APY | 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|---|
| 0.20% | 0.20% | 0.20% | 4.75% | 2.85% | 0.20% | 0.20% | 0.20% | 0.20% |
Compare Nationwide CD rates
Nationwide didn't offer CDs directly. Instead, Nationwide members accessed them through Axos Bank, an FDIC-insured online financial institution.
Rates as of June 7, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Discover® Bank CD Member FDIC. | APY:4.70% | Term:1 Year | Min. Deposit:$2,500 | Open Account for Discover® Bank CD |
Western Alliance Bank CD | APY:5.05% | Term:1 Year | Min. Deposit:$1 | Open Account for |
Western Alliance Bank CD | APY:5.10% | Term:9 Months | Min. Deposit:$1 | Open Account for |
Overview of Nationwide CDs
| Minimum Deposit | $500 |
|---|---|
| Range of Term Lengths | 3-60 months |
| Compounding Schedule | Daily |
| Early Withdrawal Penalty | 3 month CD: Up to 3 months interest; 3-12 month CD: Up to 6 months interest; 12 month or longer: Up to 12 months interest on the amount withdrawn |
| Grace Period | 10 days |
Data source: Axos Bank.
Nationwide CD pros and cons
Pros
- Wide range of maturity options
- Guaranteed returns
Cons
- Lower rates than its competitors on all CDs
- CDs automatically renew, which may be confusing for a first-time investor
Are Nationwide CDs safe?
Axos Bank is backed by the Federal Deposit Insurance Corporation (FDIC). Thanks to the backing of the U.S. government, depositors are protected from losing their deposits of up to $250,000 per depositor, per institution, and per ownership category.
Bottom line: Nationwide CD rates
Nationwide CD
- 3 APY: 0.20%
- 6 APY: 0.20%
- 9 APY: 0.20%
- 12 APY: 4.75%
- 18 APY: 2.85%
- 24 APY: 0.20%
- 36 APY: 0.20%
- 48 APY: 0.20%
- 60 APY: 0.20%
Show All Rates [+]Hide All Rates [-]
Rates as of June 7, 2024
APY = Annual Percentage Yield
Term
Nationwide CD
3 Mo.
6 Mo.
9 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
0.20%
0.20%
0.20%
4.75%
2.85%
0.20%
0.20%
0.20%
0.20%
Review sources
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) ratings primarily focus on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how The Motley Fool Ascent rates bank accounts.
FAQs
$1,000 was the minimum deposit.
You may only have incurred a fee if you made an early withdrawal and were penalized.
Money could be withdrawn at any time. However, doing so could result in a penalty that costs all or part of the interest you expected to earn.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
SLM is an advertising partner of The Ascent, a Motley Fool company. Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. Synchrony Financial is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Ally is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Dana George has positions in Target. The Motley Fool has positions in and recommends Axos Financial, Charles Schwab, Goldman Sachs Group, PNC Financial Services, and Target. The Motley Fool recommends Barclays Plc and Discover Financial Services and recommends the following options: short June 2024 $65 puts on Charles Schwab. The Motley Fool has a disclosure policy.
