Nationwide Bank Money Market Accounts

Nationwide Bank, the banking arm of Nationwide Mutual Insurance Company, is offering a respectable rate on their money market account. The annual percentage yield on the money market account is currently 2.15 percent as of May 11, 2009. The annual percentage yield is for all account balances.

The account has a minimum opening balance of $1,000, $250 minimum opening balance for Nationwide Associate and Agency Banking Program members. There is also a minimum average daily balance requirement of $1,000.

The money market account also is like a checking account. The first order of checks is free, you also have free online banking, free online monthly statements, free ATM card when requested. Two free non-Nationwide Bank ATM transactions per month. Free money transfer between your Nationwide Bank accounts and from your accounts with other banks. 

Transactions can be done online, over the phone, at an ATM, by mail. You can also link the money market account to a checking account for overdraft protection.