|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).
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 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.
|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.
- Washington, DC
- New Jersey
- New York
- West Virginia
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