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NationWide Bank CD Rates Increased but Still Below Best CD Rates Available

Nationwide Bank CD rates which were recently increased are competitive but are not the best CD rates available. Nationwide Bank's 2 year bank CD rates are now paying 1.14 percent with an APY of 1.15 percent for account balances of less than $100,000. 2 year jumbo certificate of deposit accounts (balances $100,000 and over) earn a jumbo CD rate of 1.19 percent with an APY of 1.20 percent. Both types of 2 year CD rates were increased 5 basis points.

Granted both 2 year CD rates are low but the national average rates are even lower. In this week's National Rate survey released by the FDIC average 2 year CD rates at banks are at 0.42 percent and average 2 year jumbo CD rates at banks are at 0.44 percent. When you compare Nationwide Bank's 2 year rates to the national averages Nationwide's rates start to look a lot better.

The highest CD rates on 2 year certificates of deposit on our rate list are higher than both the national average rate and Nationwide Bank's rate. The highest 2 year CD bank rates on our list now are from two banks. CIT Bank and Barclays Bank. Both banks are offering 2 year rates at 1.24 percent with an APY of 1.25 percent.

Other Nationwide Bank CD interest rates are as follows:

CD Rates at Nationwide Bank

CD Rates for Deposits Below $100,000

  • 3 Month CD Rate 0.25% APY 0.25%

  • 6 Month CD Rate 0.45% APY 0.45%

  • 12 Month CD Rate 1.00% APY 1.00%

  • 24 Month CD Rate 1.14% APY 1.15%

  • 36 Month CD Rate 1.29% APY 1.30%

  • 48 Month CD Rate 1.55% APY 1.56%

  • 60 Month CD Rate 1.78% APY 1.80%

CD Rates for Deposits $100,000 and Above

  • 3 Month CD Rate 0.30% APY 0.30%

  • 6 Month CD Rate 0.50% APY 0.50%

  • 12 Month CD Rate 1.05% APY 1.05%

  • 24 Month CD Rate 1.19% APY 1.20%

  • 36 Month CD Rate 1.34% APY 1.35%

  • 48 Month CD Rate 1.60% APY 1.61%

  • 60 Month CD Rate 1.83% APY 1.85%

Again, Nationwide Bank isn't offering the best rates available on certificates of deposit but the bank's rates are competitive. You can see how Nationwide's CD rates compare with other bank CD rates available by searching our rate lists.
Author: Jason P. Jones
October 4th, 2012