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Nationwide has teamed up with Axos Bank to offer its customers special offers on banking products, including nine CD terms with options from three months to five years. But its interest rates are lower than what you’ll find at most online banks.
0.4%
1-year APY
0.4%
3-year APY
0.4%
5-year APY
Minimum deposit to open | $500 |
---|---|
Interest compounding | Daily |
3-month APY | 0.4% |
6-month APY | 0.4% |
9-month APY | 0.4% |
1-year APY | 0.4% |
18-month APY | 0.4% |
2-year APY | 0.4% |
3-year APY | 0.4% |
4-year APY | 0.4% |
5-year APY | 0.4% |
Early withdrawal penalty | 45 days interest for terms of 3 to 5 months 90 days interest for terms of 6 to 11 months 180 days interest for terms of 12 to 23 months 365 days interest for terms of 24 to 35 months |
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
Nationwide CDs by Axos Bank are best for those looking for short-term CDs with a low minimum deposit. But unlike other banks, you won’t earn a higher interest on longer terms.
Open a CD in six steps:
You must meet the following basic requirements to open an account:
Have the following information ready before you apply:
Use one of the following options to fund your CD:
You can expect the following benefits from your CD:
Keep in mind the following potential drawbacks before you apply for a CD:
If you’re looking to invest in a long term CD offering a higher rate, you’ll want to compare the best CD rates.
Upon maturity, Axos Bank gives you a 10-day grace period to decide what to do with your funds. Choose from the following options:
Use one of the following methods to contact customer service:
Through Axos, Nationwide offers the following additional savings options: