PENDING CHANGES AS OF 5/8
M&T Preferred Money Market
Unlock the potential to earn higher rates as your balances grow. Make an appointment with your banker or open online.
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Explore our other savings products
This product is not available in your area yet, explore our other products that may match your goals instead:
Certificate of Deposits (CDs)
CDs can help you earn while you save. Talk to an M&T Relationship Banker about our interest rate offers.
M&T Premium Savings
Unlock the potential to earn higher rates as your balances grow. Make an appointment with your banker.
Relationship Savings
Enjoy convenient online access and monitor your account while easily avoiding monthly maintenance charges.{{d132*}}
M&T Starter Savings
Is your child or grandchild under 18? Learn about the M&T Starter Savings Account{{d375*}}, where there is no monthly maintenance charge.{{d131*}}
Explore our other savings products
This product is not available in your area yet, explore our other products that may match your goals instead:
Certificate of Deposits (CDs)
CDs can help you earn while you save. Talk to an M&T Relationship Banker about our interest rate offers.
Relationship Savings
Enjoy convenient online access and monitor your account while easily avoiding monthly maintenance charges.{{d132*}}
M&T Starter Savings
Is your child or grandchild under 18? Learn about the M&T Starter Savings Account{{d375*}}, where there is no monthly maintenance charge.{{d131*}}
Getting started is easy:
From short‑term goals to long‑term plans, M&T Preferred Money Market gives you the flexibility to save today and the opportunity to earn more as your account balance grows.{{d1472*}}
Open an account
Start by opening an M&T Preferred Money Market or in branch,schedule an appointment
Choose how to earn higher rates
- Deposit $25,000 in new money{{d1484*}} within 90 days of account opening to qualify for Preferred Rates{{d1472*}}
OR
- Maintain $100,000+ in your M&T Preferred Money Market account to earn competitive Standard Rates{{d1472*}} - no new money required
Add more. Earn More.
The more you add, to your M&T Preferred Money Market account, the more opportunity your savings has to grow—helping you earn more over time while keeping your money accessible.
Plus, enjoy other account benefits, such as:
Competitive rates
Choose between earning competitive Standard Rates or unlocking higher Preferred Rates.{{d1472*}}
Flexible access
Tap into your savings whenever you need and enjoy limited check-writing at no cost.{{d1262*}}
Digital tools
Save time with M&T Online & Mobile Banking, Direct Deposit, Easy Save and other features. {{d1471*}}
Real‑time account updates
Help protect your account with automatic notifications about suspicious activity.{{d1486*}}
Easy access to your documents
Your electronic statements are stored in your online account, so they're there when you need them.
Explore our competitive money market rates
| Balance | Standard Interest Rate | Standard Annual Percentage Yield (APY)** | Preferred Interest Rate | Preferred Annual Percentage Yield (APY)** |
|---|
Have a maturing CD?
Good news! Funds deposited into a newly opened M&T Preferred Money Market account qualify as new money.
Understanding the monthly maintenance charge
The M&T Preferred Money Market account has a $20 monthly maintenance charge.
The $20 monthly maintenance charge is waived{{d1137*}} if:
- The average daily balance maintained in the account for that monthly service charge cycle is at least $10,000; OR
- On the service charge cycle date, you have a MyChoice Premium Checking, Power Checking, M&T Select, M&T Select with Interest, or Advantage Checking Account.{{d1483*}}
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