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Nationwide Money Market Plus account review

Earn 0.25% APY regardless of your balance, but you’ll pay a maintenance fee if it drops below $1,000.’s rating: 3.4 / 5.0


The Nationwide Money Market Plus account by Axos Bank earns a decent 0.25% APY, though you can find money market accounts with much higher interest. Plus, the $8 monthly maintenance fee is higher than other money market or high-yield savings accounts available.

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$8 per month



Minimum deposit to open


Annual percentage yield (APY)0.25%
Fee$8 per month
To waive the feeOR maintain a $1,000 daily minimum balance
Minimum deposit to open$1,000
Minimum balance to earn interest$0
Interest compoundingDaily
Monthly transaction limit6
More infoGo to site

Review by

Sarah George is a personal finance writer at Finder who’s spent the last four years wielding her digital pen on all things banking and insurance. Her know-how has been featured in such publications as CBS, CNET and, and she was a panelist in Finder’s 2020 money-saving webinar. Sarah earned an English education degree and is a Certified Educator in Personal Finance.

Expert review

Like most money market accounts, the Nationwide Money Market Plus account offers free ATM and check-writing privileges. Its 0.25% APY is also over twice the national average of 0.12% APY.

However, there’s no overdraft protection, and you’ll need to keep a daily balance of at least $1,000 to avoid the $8 monthly fee.

You can find other money market accounts with higher interest rates, a lower opening deposit and minimum balance. For example, the Quontic Bank Money Market account offers 3.5% APY and a $100 opening deposit requirement.

To compare, if you keep $1,000 in the Nationwide Money Market Plus account, you’ll earn $2.50 in interest for the year if you don’t put in any more money. If you take the same amount in the Quontic Bank account, you’ll earn $30.0.

The more money you keep in the account, the higher your earning potential. Getting an account with a higher interest rate makes the most sense if you plan to keep a high balance in your account.

How do I open a Nationwide Money Market Plus account?

You can open a Money Market Plus account in seven steps, and even speed up the application process if you take a photo of your ID.

  1. Select Apply now. From the Nationwide/Axos Bank website, click Open an Account.
  2. Find the Money Market Plus account and select Open an Account.
  3. Choose whether or not you want to add an additional account.
  4. Create an account and click Start Application.
  5. Photo capture your ID or enter your information manually. Click Save & Continue.
  6. Enter your funding information and click Save & Continue.
  7. Review your details, read and accept the disclosures and submit your application.


You should meet the following requirements to open an account.

  • At least 18 years old
  • US resident or citizen
  • Must not have a credit freeze on your credit report
  • $1,000 minimum opening deposit

Required information

Have this key information ready before you apply.

  • Social Security number
  • US driver’s license or state ID
  • Residential address
  • Email address

Compare Nationwide Money Market Plus to similar accounts

We gathered a quick comparison of similar accounts to help you decide if Nationwide Money Market Plus is best for you. For more options, select “Compare accounts” to compare even more money market savings accounts.

Quontic Bank Money Market

UFB Best Savings


Finder rating 4.6 / 5


Finder rating 5 / 5

Go to site
on Quontic Bank's secure site
Go to site
on UFB Direct's secure site









Minimum deposit to open


Minimum deposit to open


Minimum balance to earn interest


Minimum balance to earn interest


What are the benefits of a Nationwide Money Market Plus account?

  • Free starter checks. When you open your account, you can order free checks, but you’ll pay for shipping.
  • Reimbursed ATM fees. Get up to $10 of out-of-network ATM fees reimbursed each month.

How much interest you can earn

Earn an APY that’s higher than the national average for savings accounts, although it’s not the highest around that we’ve seen for a money market account. Examples of how much you could earn depending on your balance:

APYAmount in savingsInterest earned in 12 months

What should I look out for?

  • Not the highest APY on market. You’ll earn a decent 0.25% APY no matter how much money you keep in the account. However, other accounts like the Bread Savings High-Yield Savings account offer as high as a 2.15% APY.
  • Monthly maintenance fee. You’ll pay $8 a month in maintenance fees unless you keep a daily balance of at least $1,000. Other savings accounts charge higher fees, but you can find many money market options without a monthly fee at all.
  • High overdraft fees. If you overdraft on this account, you’ll have to pay $25 for each transaction, up to $75 a day in fees.
  • High opening deposit. You’ll need at least $1,000 to open this account, whereas other accounts require less, such as the Quontic Bank Money Market account’s $100 minimum opening deposit.

If you’re looking to earn higher interest, try the Quontic Bank Money Market account with its 3.5% APY, or the Quontic Bank High Yield Savings account with a 3.5% APY.

How do I deposit or withdraw my money?

Put money in or use your funds in a variety of ways with this account.


From ATMs to mobile deposits, you have options for filling up your account with money.

  • Mobile deposit. Use the Axos Bank mobile app to deposit checks.
  • Wire transfer. You won’t pay a dime for incoming wire transfers with this account.
  • ACH transfer. Transfer money between banks over the phone or online for free.
  • Green Dot network. Use your ATM debit card at retailers within the network to deposit funds, but the retailer usually charges a $4.95 fee.


Use the money from your account in four main ways, including the convenience of online transfers and bill payments.

  • Checks. Use your check-writing privileges to withdraw funds.
  • ACH transfer. Transfer money between banks over the phone or online for free.
  • Online bill pay. Pay your bills directly from this account by setting up a one-time or regular payment from your online account.
  • Wire transfer. Outgoing transfers are $35 for domestic and $45 for international wires.

How to contact Axos Bank customer service for Nationwide accounts

You can contact customer service any time of the week.

  • Call 855-232-2967.
  • Email
  • Fill out the Request More Info form at the bottom of the website.
  • Send mail to P.O. Box 509127 San Diego, CA 92150.

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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