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Nationwide Money Market Plus account review

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Earn 0.5% APY regardless of your balance, but you’ll pay a maintenance fee if it drops below $1,000.

The Nationwide Money Market Plus account, by Axos Bank, earns a competitive 0.5% APY. But to avoid the $8 monthly maintenance fee, you’ll need to keep a daily balance of at least $1,000.



$8 per month



Minimum deposit to open


Fee$8 per month
To waive the feeOR maintain a $1,000 daily minimum balance
Minimum deposit to open$1,000
Interest compoundingDaily
Monthly transaction limit6
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Expert review

Heather Petty

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.

Expert review

Like most money market accounts, the Nationwide Money Market Plus account offers free ATM and check-writing privileges. But other than its competitive 0.5%, 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.
If you don’t need to write checks, Nationwide’s Regular Savings account comes with the same APY, and a much lower maintenance fee and minimum balance requirement to avoid it.

How do I open a Nationwide Money Market Plus account?

Open a Money Market Plus account in seven steps:

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


You must 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 the following information ready before you apply:

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

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

Like most money market accounts, you’ll get a free ATM card and check-writing privileges. You’ll also get the following perks:

  • Free starter checks. When you open your account, you can order free checks, but you’ll pay for shipping.
  • Competitive rate. You’ll earn 0.5% APY without worrying about tiered rates. So you’ll earn interest no matter how much money you keep in the account.
  • Reimbursed ATM fees. Get up to $10 of out-of-network ATM fees are reimbursed each month.

What should I look out for?

Keep the following drawbacks in mind before you apply:

  • Monthly maintenance fee. You’ll pay $8 a month in maintenance fees unless you keep a daily balance of at least $1,000.
  • 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.

But if you want a savings account that offers higher rates, check out our best high-yield savings account guide.

Compare with other savings accounts.

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned
American Express® High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Axos Bank High Yield Savings
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
Aspiration Spend & Save Account

1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
$0 per month or $7 per month for Aspiration Plus ($5.75 per month if you pay annually)
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
CIT Bank Money Market
A savings account with a higher-than-average rate and minimal fees.
Continental Bank High Yield Savings
Continental Bank High Yield Savings account, offered through SaveBetter, has a $1 opening deposit and earns 0.45% APY.

Compare up to 4 providers

How do I deposit or withdraw my money?

You can access your money in five ways:

  • Mobile deposit. Use the Axos Bank mobile app to deposit checks.
  • Wire transfer. Incoming wire transfers are free, but outgoing transfers are $35 for domestic and $45 for international wires.
  • Checks. Use your check-writing privileges to withdraw funds.
  • 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.

What other savings options does Nationwide offer?

Nationwide offers the following personal and business savings account options through Axos Bank:

Personal savings

  • Regular savings. Earn 0.5% APY regardless of your balance, but keep at least $300 in the account to avoid the $3 monthly fee.
  • My Savings. You can earn 0.7% APY if you have a My Checking account and use direct deposit.
  • Certificates of Deposit. Earn 0.4% APY on terms from three to 60 months with a $500 minimum deposit.
  • IRA accounts. Choose from a traditional or Roth IRA CD and earn 0.4% APY.

Business savings

  • Business savings. Earn 0.3% APY with no maintenance fees or minimum balance requirements. You’ll need $200 to open the account.

How to contact Axos Bank customer service for Nationwide accounts?

You can contact customer service any time of the week in four ways:

  • 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.

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