Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Opening Deposit
Minimum Balance to Earn APY
M&T Bank Relationship Savings Account Review
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.02%.
- $0 monthly account fees available. This account charges a monthly fee of up to $7.5, but the fee may be waived if you keep a minimum balance of$500.
- No ATM fees. M&T Bank Relationship Savings Account does not charge fees on ATM transactions .
M&T savings account Pros & Cons
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M&T savings account FAQ
Are savings accounts from M&T Bank federally insured?
Does M&T Bank offer a signup bonus?
What is the minimum initial deposit for M&T savings account?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does M&T Bank Relationship Savings Account offer?
What fees does M&T savings account charge?
- Outgoing domestic bank transfers come with a $32 fee.
- Outgoing international bank transfers come with a $75 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
What features and perks does M&T savings account offer?
- Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
- Fraud monitoring - M&T savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - M&T savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
Can you set up a direct deposit to M&T savings account?
What is the customer support email for M&T savings account?
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