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finder.com’s rating: 4.8 / 5.0
★★★★★
Nationwide’s Interest Checking account, offered through Axos Bank, is an interest-bearing account with no minimum balance requirement and no monthly maintenance fees. But the interest rates aren’t competitive and the bank’s tiered rates approach means only those who keep high balances get the full 0.1% APY.
$0 per month
Fee
Up to 0.10%
APY
$100
Minimum deposit to open
APY | 0.10% on balances of $0 to $2,499 0.10% on balances of $2,500 to $9,999 0.10% on balances of $10,000 to $24,999 |
---|---|
Fee | $0 per month |
Minimum deposit to open | $100 |
ATMs | 91,000 free ATMs across the country |
ATM transaction fee | $0 |
ATM fee rebates | Up to$30.00 Domestic ATM Fees Reimbursed per month |
Out-of-network ATM fee | $0 |
New account fee | $0 |
Review by
Heather Petty is a personal finance writer at Finder specializing in home loans, banking and insurance. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing has been featured on MSN, Credit.com and MediaFeed.org, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She holds a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno.
Nationwide’s Interest Checking account offers up to 0.1% APY, early direct deposits and no monthly fee or minimum balance to waive it.
But interest on this account is tiered, so your balance is directly tied to how much you’ll earn. To earn the highest APY, you’ll need to maintain a high balance of $0 or more in your account.
This may not be worth it, as you’ll find higher rates offered by competitors like T-Mobile Money and even with Axos Bank’s own savings and money market accounts.
Open this account in eight steps:
You must meet the following requirements to open an account:
Have the following information ready before you apply:
A few perks you can look forward to if you open this account:
Keep the following drawbacks in mind before you apply:
If you want a higher rate with lower minimum balance requirements, keep looking. As always, compare your options when considering an interest-bearing checking account.
Your Nationwide account allows you to use Axos Bank’s network of 91,000 free ATMs across the country. Use the locator map on its website to find the ATMs nearest you.
Unlike other Axos accounts, which often come with unlimited reimbursement of out-of-network ATM fees, the Interest Checking account reimburses up to $30 a month.
Axos Bank is also a member of the Green Dot network, which allows you to deposit cash onto your debit card at retail locations for a $4.95 fee.
This bank doesn’t have branches, but you can access your money in several ways:
Nationwide offers the following checking accounts through Axos Bank:
Use one of the following methods to contact customer service, available 24/7:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.