Nationwide Bank CD Rates

The Nationwide Bank is the bank to look to if you want to enjoy higher CD interest rates in order to grow your money. When you take advantage of the competitive Nationwide Bank CD rates you will have the safety of an account that is insured by the FDIC. You will also get higher returns and flexible terms that can be found in one convenient financial product.

The Nationwide Bank is the bank to look to if you want to enjoy higher CD interest rates in order to grow your money. When you take advantage of the competitive Nationwide Bank CD rates you will have the safety of an account that is insured by the FDIC. You will also get higher returns and flexible terms that can be found in one convenient financial product.

You may wonder what exactly a certificate of deposit is. It is a savings alternative that is longer term than a regular savings account. You will receive better rates however when you open a CD account as opposed to a savings account. This is because you have the opportunity to capitalize on higher rates because you have agreed to leave your money in the CD account until the term is up and it has reached its maturity date. Once that time comes then you are left with some options. You can choose to withdraw your money from the account including the interest that has accrued or you can choose to renew the certificate of deposit in which case it will automatically become a new CD. If you do not let the Nationwide Bank know of your wishes for your money the CD will roll over into a new one. If you start a new one then the account will continue to compound your earnings.

If you can go without the money for an extended period of time then a certificate of deposit may be the right choice of savings and investment for you. There are different terms available for you to choose from. The terms at the Nationwide Bank range from three months to five years. The bank has recently added to its selection of CDs a new 18 month term that brings with it an added level of flexibility. This will get you one step closer to achieving your financial goals.

The Nationwide Bank CD rates are very attractive and do not involve any set up fees nor any maintenance fees. You require $500 as a minimum deposit to open the account. There is automatic renewal once the maturity date has been reached (as previously mentioned) and all accounts come with the assurance that only FDIC insurance can bring. Withdrawing money from the CD account early is strongly discouraged as early withdrawal fees may be imposed. These fees can see you losing a percentage of your earnings.

Here are the most recent Nationwide Bank CD rates as of July 18, 2010:

•    3 Month Term- APY of 0.65%  (APY stands for Annual Percentage Yield)
•    6 Month Term- APY of 1.00%
•    9 Month Term- APY of 1.05%
•    12 Month Term- APY of 1.45%
•    18 Month Term- APY of 1.55%
•    24 Month Term- APY of 1.80%
•    36 Month Term- APY of 2.25%
•    48 Month Term- APY of 2.60%
•    60 Month Term- APY of 2.80%

If you are looking for a CD that is right for you, look to the Nationwide State Bank. Find them on the web at http://www.nationwide.com/.