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

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.
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.)
No monthly maintenance charge for MyChoice Premium Checking, Power Checking or Portfolio Management Account customer 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 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.
  • 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

Enjoy convenient online access and monitor your account while easily avoiding monthly maintenance charges.
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 account are subject to transaction and service 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.
  • 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

Is your child or grandchild under 18? Learn about the M&T Starter Savings Account, where there is no monthly maintenance charge.
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 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. 
  • 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

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.
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.)
No monthly maintenance charge for MyChoice Premium Checking, Power Checking or Portfolio Management Account customer 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 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.
  • 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

Enjoy convenient online access and monitor your account while easily avoiding monthly maintenance charges.
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 account are subject to transaction and service 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.
  • 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

Is your child or grandchild under 18? Learn about the M&T Starter Savings Account, where there is no monthly maintenance charge.
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 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. 
  • 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)

CDs can help you earn while you save. Talk to an M&T Relationship Banker about our rate offers.
To open an M&T Select® CD, customer must have or open a MyChoice Premium℠ Checking, M&T Select®, M&T Select® With Interest, Employee M&T Select® With Interest or Power Checking account. The minimum deposit required to open any CD account is $1,000. After CD is opened, the minimum balance to obtain the advertised APY is $1.00. APYs stated are accurate as of today's date. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. Offer not available for non-personal accounts and may not be available at all M&T Bank branches. Maximum deposit is $1 million per customer. Advertised APYs cannot be combined with any other offer. Rates are subject to change without notice.
  • ​Fixed or variable rate for the term of the CD – from 32 days to 72 months

  • Accounts are FDIC-insured up to the maximum applicable limit

Certificates of Deposit (CDs)

CDs can help you earn while you save. Talk to an M&T Relationship Banker about our rate offers.
To open an M&T Select® CD, customer must have or open a MyChoice Premium℠ Checking, M&T Select®, M&T Select® With Interest, Employee M&T Select® With Interest or Power Checking account. The minimum deposit required to open any CD account is $1,000. After CD is opened, the minimum balance to obtain the advertised APY is $1.00. APYs stated are accurate as of today's date. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. Offer not available for non-personal accounts and may not be available at all M&T Bank branches. Maximum deposit is $1 million per customer. Advertised APYs cannot be combined with any other offer. Rates are subject to change without notice.
  • ​Fixed or variable rate for the term of the CD – from 32 days to 72 months

  • Accounts are FDIC-insured up to the maximum applicable limit

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 full details.