M&T Premium Savings
Unlock the potential to earn higher rates as your balances grow.
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Get rewarded for growing your savings
Follow a few simple steps to boost your earning potential with our new Premium Interest Rate category{{d1263*}}:
Open an Account
Start by opening a M&T Premium Savings account online or schedule an appointment to open in branch.
Deposit $25,000
or more in new money{{d1065*}} within 90 days of account opening.
Earn Premium Rates
Add more to your account and unlock higher rates designed to help your money work harder.
Have a maturing CD?
Good news! Funds from your maturing M&T Certificate of Deposit (CD) account that are deposited into a newly opened M&T Premium Savings account qualify as new money.
Explore newly updated balance and rate tiers
Check interest rates and annual percentage yields (APYs) for the balance tiers {{d1067*}} applicable to the M&T Premium Savings account. The Premium Interest Rate balance tiers apply once the account meets the new money qualifications.
| Balance Tiers | Standard Interest Rate | Standard Annual Percentage Yield (APY)** | Premium Interest Rate | Premium Annual Percentage Yield (APY)** |
|---|
** The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although, in fact it may change daily after the "as of" date reflected in the footer below.
Receive convenient account benefits
Premium Rates
Once you’ve qualified for the Premium Interest Rate category{{d1263*}}, you can unlock higher rates as your account balance grows.
Check Writing
Write up to 6 checks at no cost{{d1262*}} for easy access to your money when you need it.
FDIC Insured
Be confident your deposits are FDIC Insured up to maximum limits.
Quick Access
Earn interest while keeping your money in close reach.
Account maintenance
The M&T Premium Savings account has a $20 monthly maintenance charge.
The $20 monthly maintenance charge is waived{{d991*}} 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{{d1261*}}.
Enjoy additional account features
Online or on your phone with M&T Online & Mobile Banking
At an M&T Bank branch or ATM
Available Overdraft Protection with a linked M&T checking account
M&T's Easy Save is a feature that allows automatic transfers between M&T accounts – so you can save more.
M&T Platinum Client
M&T Platinum Client is our concierge financial experience designed for your unique life.
View the benefits and learn more about joining M&T Platinum Client.
Financial Education Center
Whatever your financial goals—budgeting for your household, launching a business, paying for college, or planning for retirement—M&T is here to help.
Explore our library of financial topics or answer a few quick questions to get personalized tools and resources tailored to your needs. Plus, try our savings calculators to see how small changes today can lead to big results tomorrow.
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