Connecticut, Delaware, Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia and West Virginia residents can now enjoy a generous 1.25% APY from M&T Bank when you sign up and open a new Money Market Account. For those who are interested, simply open a new account with a minimum opening deposit of $10,000. Once you have met the deposit requirement, you will get to enjoy both the rate as well as a host of account features to better your banking experience! Are you interested? Please do not hesitate! Apply for your rate as soon as you can, as the rate is subject to change!
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M&T Bank Account Summary:
- Apply Now
- Account Type: Money Market Account
- Rate: 1.25% APY
- Availability: CT, DE, FL, MD, NJ, NY, PA, VA, WV (Bank Locator)
- Expiration Date: None
- Soft/Hard Pull: Soft Pull
- Direct Deposit Requirement: No
- Additional Requirements: None
- Avoid Monthly Fee:
- No monthly maintenance charge for MyChoice Premium Checking, Power Checking or Portfolio Management Account customer OR when you keep a minimum daily balance of $2,500.
- Early Termination Fee: None
How to Earn M&T Bank Rates:
- Open a MyChoice Money Market account from M&T Bank with an opening deposit of $10,000.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account in new money – Transfer funds electronically from an internal account here or an external account at another bank.
| Balance to Earn | Introductory Rate | Regular APY |
| $1 – $9,999 | 0.15% | 0.06% |
| $10,000 – $999,999 | 1.25% | 0.34% – 0.35% |
| $1,000,000+ | 0.45% | 0.15% |
M&T Bank Account Features:
- Tiered interest rate
- Premium interest rates available for qualifying customers
- Conveniently access and manage your account
- Online or on your phone with M&T Online Banking, Mobile Banking
- At an M&T Bank branch or ATM
- Check writing capability
- Take advantage of tools that may help keep you informed and in charge of your accounts
- Overdraft Protection (when linked to an M&T checking account)
- M&T Alerts
- Electronic Statements and Notices
- Combined Statements
- 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
M&T Bank Fine Print:
- To qualify for the rate, opening deposit must be at least $10,000 in funds
- A customer is eligible for only one introductory interest rate offer
- The introductory rate will apply during the first 3 months after the account is opened.
Conclusion:
If you are a current resident of one of the states the bank resides in and would like to start a new banking experience, then I would definitely recommend checking out the current promotion M&T Bank is offering. For a limited time, simply meet the deposit requirement and you could be well on your way to enjoying the rate. Additionally, you will be able to utilize a host of account features. However, this rate is subjected to change. If you qualify, this account might be quite worthwhile. However, if you are not currently interested, be sure to check out our list of best savings rates for all your saving needs!
