Relationship Savings

Get closer to your savings goals by opening a Relationship Savings Account that offers convenient options to access and monitor your account and makes it easy to avoid monthly maintenance charges.

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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.

Top Features

  • Conveniently access and manage your account
  • Can be used to provide overdraft protection to a linked M&T checking account
  • Electronic statements to help keep you informed and in charge of your accounts
  • 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

Fees

Monthly Maintenance Charge $7.50 for each monthly service charge cycle unless either requirement below is met
Avoid the Monthly Maintenance Charge by Maintaining a minimum daily balance of $500 or more or have a personal checking  account with M&T Bank or by making at least one deposit in your  Relationship Savings account

Is this product right for you?​

This product is best for people who:

  • Are saving for a goal such as an emergency fund
  • Want to use this account to provide overdraft protection to a linked M&T checking account
  • Enjoy the convenience of online and mobile account management

​​Eligibility Requirements

Account can be opened by individuals only.

Interest Rates

Interest is compounded daily and paid monthly. Rates may vary by region.

*This is a variable-rate account, and the rate may change after the account is opened. All interest rates and Annual Percentage Yields (APYs) stated are accurate as of today's date. Fees could reduce earnings on the account.

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 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.
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..

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Change
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.