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Nationwide CD Rates for 2024

Review Updated
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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

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 Aug. 20, 2024

APY = Annual Percentage Yield

Offer image for Nationwide CD
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%

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
up to 4.60%²
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
4.25%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A
4.25%
Rate info Circle with letter I in it. 4.25% annual percentage yield as of August 23, 2024
Min. to earn: $1
N/A
Open Account for American Express® High Yield Savings

On American Express's Secure Website.

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 Aug. 20, 2024
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.60% Term: 1 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 5.20% Term: 10 Months Min. Deposit:  $2,500
Open Account for

On Secure Website.

Member FDIC.
APY: 5.10% Term: 6 Months Min. Deposit:  $500
Open Account for

On Secure Website.

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 Aug. 20, 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%

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.