Savings Accounts & CD Options
Reach your savings goals faster
We have smart savings solutions for every kind of saver with great rates.
Maximize your savings with a higher rate M&T CD
Earn more on your savings with a guaranteed rate. You can be confident knowing your rate won't change for the term of the CD, plus open with a minimum deposit of $1,000. It's easy to start earning more today.
Certificate of Deposit (CDs)
CDs can help you earn while you save. Talk to an M&T Relationship Banker about our interest rate offers.
- Fixed or variable interest rate for the term of the CD – from 32 days to 72 months
- Accounts are FDIC-insured up to the maximum applicable limit
Premium Savings
A high-yield savings account that allows your money to grow, while still having money available when you need it. Plus, you can avoid the monthly maintenance charge when you maintain a minimum average daily balance of $10,000 or more.
- Access to our best consumer rates on liquid assets
- Accounts are FDIC-insured up to the maximum applicable limit
Even when no monthly maintenance charge applies, M&T checking, savings and money market accounts may be subject to other transaction and service fees, including overdraft fees, as noted in the Specific Features and Terms for each account and the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Checking and Savings Accounts, which are available on request at any M&T banking office or through M&T’s Contact Center. Overdraft fees will not be charged to a MyWay Banking account.
Relationship Savings
Enjoy convenient online access and monitor your account while easily avoiding monthly maintenance charges.
- 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
- Electronic statements to help keep you informed and in charge of your accounts
- Accounts are FDIC-insured up to the maximum applicable limit
No monthly maintenance charge on Relationship Savings if you maintain a minimum daily balance of $500 or if you have a personal checking account with M&T Bank or by making at least one deposit in your Relationship Savings account during the monthly service charge cycle. Regardless of whether a monthly maintenance charge applies, M&T savings accounts are subject to transaction and service fees, including overdraft fees, as noted in the Specific Features and Terms for each account and, also the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Savings Accounts, which are available on request at any M&T banking office or through M&T's Contact Center.
M&T Starter Savings Account
Is your child or grandchild under 18? Learn about the M&T Starter Savings Account, where there is no monthly maintenance charge.
- This account for your child is a great way for young savers to learn responsible money-management habits
- No minimum balance requirement to open the account and no monthly maintenance charge
- Accounts are FDIC-insured up to the maximum applicable limit
M&T Starter Savings accounts can only be opened by individuals under 18 years of age. Eligibility to maintain an M&T Starter Savings account does not end when you reach 18 years of age.
Even when no monthly maintenance charge applies, M&T checking, savings and money market accounts may be subject to other transaction and service fees, including overdraft fees, as noted in the Specific Features and Terms for each account and the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Checking and Savings Accounts, which are available on request at any M&T banking office or through M&T’s Contact Center. Overdraft fees will not be charged to a MyWay Banking account.
Even when no monthly maintenance charge applies, M&T checking, savings and money market accounts may be subject to other transaction and service fees, including overdraft fees, as noted in the Specific Features and Terms for each account and the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Checking and Savings Accounts, which are available on request at any M&T banking office or through M&T’s Contact Center. Overdraft fees will not be charged to a MyWay Banking account.
Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for details.