PENDING CHANGES AS OF 4/22
M&T Preferred Money Market
Unlock the potential to earn higher rates as your balances grow. Make an appointment with your banker.
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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.
M&T Premium Savings
Save for your goals, while still having money available when you need it.
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
Discover more ways to save designed to help you reach your goals.
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
Save for your goals, while still having money available when you need it.
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*}}
Open a M&T Preferred Money Market Account
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 balance grows.{{d1472*}}
Open an account
Start by opening an M&T Preferred Money Market in branch,scheduling an appointment
Choose your path to higher rates:
- Deposit $25,000 in new money{{d1484*}} within 90 days to qualify for Preferred Rates{{d1472*}}
- Or maintain $100,000 or more in balances to earn higher Standard Rates{{d1472*}}
Continue adding funds to maximize your earning potential
The more you add, 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*}}
Explore M&T Platinum Client
You may also benefit from this concierge experience. From banking to borrowing to planning ahead, receive personalized guidance for every facet of your financial life.
