SuperMoney
  M&T Bank Money Market Account

M&T Bank Money Market Account

in Money Market Accounts from M&T Bank · Member FDIC

Unaffiliated

M&T Bank Money Market Account

Unaffiliated

in Money Market Accounts from M&T Bank · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend M&T Bank Money Market Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance $1
Minimum Initial Deposit N/A

M&T Bank Money Market Account Review

M&T Bank Money Market Account is offered by M&T Bank, a bank founded in 1856 and based in Buffalo, NY. M&T Bank Money Market Account is available in 9 states (and Washington, DC).

M&T Bank Money Market Account FAQ

Are money market accounts from M&T Bank federally insured?

Yes, your M&T Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the M&T Bank Money Market Account rates?

M&T Bank Money Market Account Rates and Terms
Rates Amount
APY 0.05%

M&T Bank Money Market Account offers an APY of up to 0.05% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $1.

What are the M&T Bank Money Market Account fees?

M&T Bank Money Market Account does not charge a monthly maintenance fee.

M&T Bank will charge you a $12.50 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

M&T Bank Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A
Excess Transaction Fee $12.50

What is the minimum balance for M&T Bank Money Market Account?

No minimum initial deposit. M&T Bank does not require a minimum initial deposit to open an account.

Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.

What features and perks does M&T Bank Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with M&T Bank

  • Visit the M&T Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 9 states and Washington, D.C.
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Maryland
  • New Jersey
  • New York
  • Pennsylvania
  • Virginia
  • West Virginia

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $0
Monthly Fee $0
APY (Annual Percentage Yield) 0.05%

Be the first to rate

 

Would you recommend M&T Bank Money Market Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

0%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Other Money Market Accounts

M&T Bank Money Market Accounts

Loading...