Savings Account & CD Options
We have smart solutions for every kind of saver. Let us help you choose the options that meet your current – and evolving – savings goals.
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MyChoice Money Market
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Premium interest rates available for qualifying customers
On the day your MyChoice Money Market is opened and on the last day of each monthly interest payment cycle, we will determine whether your account will receive the Regular Interest Rate or the Premium Interest Rate (both of which may change daily) during the upcoming monthly interest payment cycle. To qualify for the Premium Interest Rate, you must (1) have a MyChoice Premium Checking, Power Checking or Portfolio Management Account, and (2) have made three or more qualifying customer-initiated transactions in that checking account during that account's most recently completed monthly service charge cycle. Qualifying customer-initiated transactions include deposits, withdrawals, M&T Bill Pay transactions, automatic payments, debit card purchases and payments and direct deposits. Transfers and payments to other accounts at M&T Bank (including loans and lines of credit) are excluded. Reversals of transactions will be netted against the qualifying transactions. Transactions cannot be aggregated across multiple checking accounts for purposes of meeting this requirement. (Note: If your MyChoice Premium Checking or Portfolio Management Account has been open for less than one monthly service charge cycle on any day we determine the applicable interest rate, your MyChoice Money Market Account will receive the Premium Interest Rate during the upcoming monthly interest payment cycle.) -
Check writing capability
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Accounts are FDIC-insured up to the maximum applicable limit
Relationship Savings
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Compatible with Direct Deposit and M&T’s Easy Save, a feature that allows automatic transfers between M&T accounts – so you can save more
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Electronic statements to help keep you informed and in charge of your accounts
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Accounts are FDIC-insured up to the maximum applicable limit
M&T Starter Savings Account
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A great way for young savers to learn responsible money-management habits
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No minimum balance requirement to open the account and no monthly maintenance charge
There is no monthly maintenance charge for M&T Starter Savings. Regardless of whether a monthly maintenance charge applies, M&T savings accounts are subject to transaction and services fees, including insufficient funds (NSF) and overdraft fees as noted in the Specific Features and Terms for each account and also the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Savings Accounts which are available on request at any M&T banking office or through the M&T Telephone Banking Center. -
Accounts are FDIC-insured up to the maximum applicable limit
MyChoice Money Market
-
Premium interest rates available for qualifying customers
On the day your MyChoice Money Market is opened and on the last day of each monthly interest payment cycle, we will determine whether your account will receive the Regular Interest Rate or the Premium Interest Rate (both of which may change daily) during the upcoming monthly interest payment cycle. To qualify for the Premium Interest Rate, you must (1) have a MyChoice Premium Checking, Power Checking or Portfolio Management Account, and (2) have made three or more qualifying customer-initiated transactions in that checking account during that account's most recently completed monthly service charge cycle. Qualifying customer-initiated transactions include deposits, withdrawals, M&T Bill Pay transactions, automatic payments, debit card purchases and payments and direct deposits. Transfers and payments to other accounts at M&T Bank (including loans and lines of credit) are excluded. Reversals of transactions will be netted against the qualifying transactions. Transactions cannot be aggregated across multiple checking accounts for purposes of meeting this requirement. (Note: If your MyChoice Premium Checking or Portfolio Management Account has been open for less than one monthly service charge cycle on any day we determine the applicable interest rate, your MyChoice Money Market Account will receive the Premium Interest Rate during the upcoming monthly interest payment cycle.) -
Check writing capability
-
Accounts are FDIC-insured up to the maximum applicable limit
Relationship Savings
-
Compatible with Direct Deposit and M&T’s Easy Save, a feature that allows automatic transfers between M&T accounts – so you can save more
-
Electronic statements to help keep you informed and in charge of your accounts
-
Accounts are FDIC-insured up to the maximum applicable limit
M&T Starter Savings Account
-
A great way for young savers to learn responsible money-management habits
-
No minimum balance requirement to open the account and no monthly maintenance charge
There is no monthly maintenance charge for M&T Starter Savings. Regardless of whether a monthly maintenance charge applies, M&T savings accounts are subject to transaction and services fees, including insufficient funds (NSF) and overdraft fees as noted in the Specific Features and Terms for each account and also the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Savings Accounts which are available on request at any M&T banking office or through the M&T Telephone Banking Center. -
Accounts are FDIC-insured up to the maximum applicable limit
Certificates of Deposit (CDs)
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Fixed or variable rate for the term of the CD – from 32 days to 72 months
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Accounts are FDIC-insured up to the maximum applicable limit
Certificates of Deposit (CDs)
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Fixed or variable rate for the term of the CD – from 32 days to 72 months
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Accounts are FDIC-insured up to the maximum applicable limit