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With assets totaling $211 billion, M&T Banks is ranked the 15thlargest in the U.S.
In spite of its size, the bank delivers personalized service, low fees and convenient online banking.
Todays consumers have more choices than ever in savings accounts.
M&T Bank offers three savings options for customers at every stage of their financial life.
Heres a closer look at each.
Since rates are not available online, youll need tocontact your local branchfor current rates in your area.
There are no minimum balance requirements for your Premium Savings account.
Fees
M&T Banks Premium Savings account carries a hefty monthly maintenance fee of $20.
M&T also waives the fee if you maintain an average daily balance of $10,000 or more.
But you dont have to have a six-figure account balance to benefit from the perks of thisbank account.
Youll earninterest on balances over $1.
Starter Savings Account
The Starter Savings account is tailored for young savers under 18.
It delivers an APY ofon all balances over $1.
There is no minimum deposit required to launch the account.
Toopen an account, you must have the childs Social Security number and birth certificate.
There is no monthly maintenance fee with a Starter Savings account.
you’re able to open your account with no minimum deposit.
According to the website, it takes roughly 45 minutes to open a new account in a branch.
This makes banking with Chase more convenient than M&T, especially if you travel domestically.
Chase offers two savings accounts: Chase Savings and Chase Premier Savings.
The standard savings account has aAPY, the same as M&T Bank.
The downside is the account lacks an app or access to a debit or ATM card.
you’ve got the option to only access your money through online transfers.
With features like overdraft protection and Easy Save, these accounts can make managing your money simpler.
FAQ
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as of Jan. 10, 2025. you’ve got the option to learn more about GOBankingRates processes and standards in oureditorial policy.
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