Unlock the potential to earn higher rates as your balances grow. Make an appointment with your banker or open online. 

Get started by opening an M&T Preferred Money Market online or in branch, then 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 and 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.

Get 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.

Fees

• 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*}}

For additional product details and to view current rates, click here.