Savings Accounts & CD Options
Reach your savings goals faster
We have smart savings solutions for every kind of saver with great rates.
Maximize your savings with a higher rate M&T CD
Earn more on your savings with a guaranteed rate. You can be confident knowing your rate won't change for the term of the CD, plus open with a minimum deposit of $1,000. It's easy to start earning more today.
Certificate of Deposit (CDs)
CDs can help you earn while you save. Talk to an M&T Relationship Banker about our interest rate offers.
- Fixed or variable interest rate for the term of the CD – from 32 days to 72 months
- Accounts are FDIC-insured up to the maximum applicable limit
MyChoice Money Market
Open a MyChoice Money Market account to take advantage of tiered interest rates and avoid a monthly maintenance charge when you maintain $2,500 or more.
- Premium interest rates available for qualifying customers
- Check writing capability
- Accounts are FDIC-insured up to the maximum applicable limit
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 or Power Checking 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 Online and Mobile 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 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.)
No monthly maintenance charge for MyChoice Premium Checking, Power Checking customer, Advantage Checking OR when you keep a minimum daily balance of $2,500. Regardless of whether a monthly maintenance charge applies, M&T savings accounts are subject to transaction and service fees, including 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 M&T's Contact Center.
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 or Power Checking 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 Online and Mobile 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 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.)
Relationship Savings
Enjoy convenient online access and monitor your account while easily avoiding monthly maintenance charges.
- 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
No monthly maintenance charge on Relationship Savings if you maintain a minimum daily balance of $500 or if you have a personal checking account with M&T Bank or by making at least one deposit in your Relationship Savings account during the monthly service charge cycle. Regardless of whether a monthly maintenance charge applies, M&T savings accounts are subject to transaction and service fees, including 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 M&T's Contact Center.
M&T Starter Savings Account
Is your child or grandchild under 18? Learn about the M&T Starter Savings Account, where there is no monthly maintenance charge.
- This account for your child is 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
- Accounts are FDIC-insured up to the maximum applicable limit
M&T Starter Savings accounts can only be opened by individuals under 18 years of age. Eligibility to maintain an M&T Starter Savings account does not end when you reach 18 years of age.
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 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 M&T's Contact Center.
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 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 M&T's Contact Center.
Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for details.