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Started 2 years ago by dru
Latest reply from howatzer

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dru
IV
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Do any other CU users use checking, savings or moneymarket via online banking at Nationwide Bank?

I have been threatening to leave a certain formerly local and now mega-corporate bank for a few years. I know, it will be hard to leave the competitive interest rates of .01% behind. But Nationwide has some fairly competitive rates and solid ratings from Bankrate (4-star) and BauerFinancial (5-star). The cons seem to be some limits on transfers and a haphazard ATM network.

I am specifically looking at the Interest Checking and Money Market.

Any pros/cons to add?

Posted 2 years ago #
Porky
C-Bus' East Side
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I use and like the Nationwide Bank. It used to be the Nationiwide Federal Credit Union and was previously only available to Nationwide employees. A couple of years ago they dissolved the Credit Union and opened the bank. The rates aren't nearly as good as they used to be when it was a credit union by still better than most banks around.
The ATM network is weak and unless you at either the downtown or Tuttle location you'll almost always pay an ATM fee.

Posted 2 years ago #
dru
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Porky wrote
The ATM network is weak and unless you at either the downtown or Tuttle location you'll almost always pay an ATM fee.

they claim 6 free a month and also access to the PNC/Nat'l City network. the latter part made it seem feasible, have you used that route yet?

Posted 2 years ago #
Porky
C-Bus' East Side
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No I haven't, the ATM's I use must not be part of that network as it seems I always have to pay. So I just try to snag any cash I might need when I'm there.
Otherwise they're great!

Posted 2 years ago #
greenhouse1014
Columbus
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I work at NW and most of the people around me have NW Bank accounts and they've been more than happy with their service. Plus, the people who work there are pretty nice.

Posted 2 years ago #
CheeseFoodie
Harrison West
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I've had the NW Credit Union/Bank since 1991 and have always had great service, free online services, etc. They don't have many fees and you can access just about any credit union machine around the city and not pay an ATM fee. Is it tricky when traveling to find an ATM that does charge a fee, but with the lack of other fees and better interest rates, it probably still works much better than any of the "mega-banks".

Posted 2 years ago #
howatzer

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If you don't mind doing everything online/mail, I definitely recommend schwab high-yield checking/savings. They cover all your atm fees, unlimited. saving is at %1.35, checking is at %0.75 (was up to 5% during the bubble!)
i mail checks in, and they usually show up in my account in just 2-3 days.

Posted 2 years ago #
dru
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howatzer wrote >>
If you don't mind doing everything online/mail, I definitely recommend schwab high-yield checking/savings. They cover all your atm fees, unlimited. saving is at %1.35, checking is at %0.75 (was up to 5% during the bubble!)
i mail checks in, and they usually show up in my account in just 2-3 days.

i've definitely looked at Schwab as well. nationwide is currently at 1.8% (MM) and .50% respectively. but i don't want it eaten away at by fees. also liked the idea of going local, and not having to set-up a brokerage account as well (we have that elsewhere).

Posted 2 years ago #
howatzer

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dru wrote >>

howatzer wrote >>
If you don't mind doing everything online/mail, I definitely recommend schwab high-yield checking/savings. They cover all your atm fees, unlimited. saving is at %1.35, checking is at %0.75 (was up to 5% during the bubble!)
i mail checks in, and they usually show up in my account in just 2-3 days.

i've definitely looked at Schwab as well. nationwide is currently at 1.8% (MM) and .50% respectively. but i don't want it eaten away at by fees. also liked the idea of going local, and not having to set-up a brokerage account as well (we have that elsewhere).

not sure which you were referring too, but Schwab has no maintenance fees on HY checking. Only one I know of.

Posted 2 years ago #

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