Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Balance to Earn APY
Minimum Opening Deposit
M&T Bank MyChoice Money Market Account Review
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.45%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1.
- Charges a monthly fee. This account charges a monthly fee of up to $15, but the fee may be waived if you keep a minimum balance of$2,500.
Pros & Cons of M&T Bank MyChoice Money Market Account
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M&T Bank MyChoice Money Market Account FAQ
Are money market accounts from M&T Bank federally insured?
What are the interest rates for M&T MyChoice money market rates?
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.06% - 0.45% |
What are the fees for M&T Bank MyChoice Money Market Account?
This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $2,500.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for M&T MyChoice money market?
What features and perks does M&T MyChoice money market offer?
- Check Writing - M&T MyChoice money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
- Fraud monitoring - M&T Bank monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - M&T MyChoice money market allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
What is the support contact email?
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.
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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.
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Other Money Market Accounts from M&T Bank
APY (Annual Percentage Yield)
Minimum Balance to Earn APY
Minimum Opening Deposit
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