MyChoice Money Market

Save and earn more when you open a money market account – featuring tiered rates – with M&T Bank. Plus you can enjoy the comfort of FDIC insurance up to the maximum applicable limit, all while you have convenient access to your money.

Open Online >

Top Features

Fees

How to Avoid the Monthly Maintenance Charge No monthly maintenance charge for MyChoice Premium Checking, Power Checking or Portfolio Management Account customers or when you keep a minimum daily balance of $2,500​
Monthly Maintenance Charge ​$15 unless either of the above requirements is met

Is this product right for you?

This product is best for people who:

  • Have $2,500 or more to open a savings account
  • Want to avoid the monthly maintenance charge by keeping a minimum daily balance of $2,500 or have an eligible M&T checking account
  • Enjoy the convenience of branch, online and mobile account management

Additional Options

To Qualify for the premium interest rate. A Premium interest rate is available for MyChoice Premium Checking, Power Checking or Portfolio Management Account customers who complete three qualifying customer-initiated transactions in that checking account’s most recently completed monthly service charge cycle.

Interest Rates

Interest is compounded daily and paid monthly.

*This is a variable-rate account, and the rate may change at any time except during the introductory period. All interest rates by balance tiers and Annual Percentage Yields (APY) stated are accurate as of today's date. Fees could reduce earnings on the account. Offer not available for non-personal accounts. Rates differ by region.

Introductory Interest Rate: To qualify for the introductory rate, the opening deposit must be at least $10,000 not already on deposit at M&T Bank. The introductory rate will apply during the first 3 months after the account is opened.

Regular Interest Rate: This standard rate will apply if you do not qualify for introductory or premium rates.

Premium Interest Rate: 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. To qualify to earn the Premium Interest Rate, you must have an eligible M&T Checking account and make 3 or more qualifying customer-initiated checking transactions during that account’s most recently completed monthly service charge cycle.

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.)
Fees apply for the use of overdraft services as noted in the Specific Feature and Terms for each account and also the Overdraft Protection Service Features and Terms, which are available on request at any M&T Banking office or through the M&T Telephone Banking Center..
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.
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.
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.
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.)
To qualify for the introductory rate, opening deposit must be at least $10,000 in funds that are not already on deposit with M&T Bank, except that funds may come from maturing M&T consumer certificates of deposit. A customer is eligible for only one introductory interest rate offer, regardless of the number of accounts opened or the titling on those accounts, in any rolling 12-month period. The introductory rate will apply during the first 3 months after the account is opened.
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.)

Some of our products and features might be different depending on your location.

With your ZIP code, we can make sure the information you see is accurate.

Please enter a valid Zip Code

Showing results for Zip Code .

Change
MyChoice Money Market Balance Tiers Introductory Interest Rate Regular Interest Introductory Interest Rate Premium Interest
Regular Interest Rate Regular Annual Percentage Yield (APY) Premium Interest Rate Premium Annual Percentage Yield (APY)
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.