Bank · FDIC insured
M&T Bank Savings Rates
M&T Bank’s best savings rate is 0.01% APY on $10,000, with its Relationship Savings. Rates checked October 16, 2026.
How M&T Bank’s savings rates compare
Compared with banks and credit unions near New York, NY-NJ, where M&T Bank has the most branches. $10,000, best rate first.
This bank’s best
M&T Bank
0.01%APY
- Requires
- None
- Minimum
- $0
- Earns on $10,000 a year
- $1
Relationship Savings
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
HSBC USA
4.40%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $440
M&T Bank savings score
60
Savings score
Higher than 0% of U.S. banks and credit unions
- $1,000 balance$1,0000.01%
- $10,000 balance$10,0000.01%
- $100,000 balance$100,0000.01%
- QualifiedQualified0.01%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where M&T Bank ranks
By savings score, in each area where it has branches
- #168 of 173New York-Newark-Jersey City, NY-NJ metro152
- #48 of 50Baltimore-Columbia-Towson, MD metro84
- #112 of 114Washington-Arlington-Alexandria, DC-VA-MD-WV metro65
- #148 of 149Boston-Cambridge-Newton, MA-NH metro51
- #54 of 55Buffalo-Cheektowaga, NY metro48
- #43 of 45Hartford-West Hartford-East Hartford, CT metro38
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Relationship Savings
0.01%APY
Account can be opened by individuals only.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $1 and upMonthly maintenance charge is $7.50 for each monthly service charge cycle unless you maintain a minimum daily balance of $500 or more, have a personal checking account with M&T Bank, or make at least one deposit in your Relationship Savings account during the monthly service charge cycle. Minimum balance to obtain advertised APY is $1.00.$1 and up | 0.01% | $1 | Monthly maintenance charge is $7.50 for each monthly service charge cycle unless you maintain a minimum daily balance of $500 or more, have a personal checking account with M&T Bank, or make at least one deposit in your Relationship Savings account during the monthly service charge cycle. Minimum balance to obtain advertised APY is $1.00. |
Sources (1)
- mtb.com/personal/savings-and-cds/relationship-savings · captured Sep 26, 2026
Relationship Savings Account
0.01%APY
Account can be opened by individuals only. Variable-rate account; rates may vary by region.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $1 and upMonthly maintenance charge is $7.50 unless you maintain a minimum daily balance of $500 or more, have a personal checking account with M&T Bank, or make at least one deposit in the Relationship Savings account during the monthly service charge cycle. Minimum balance to earn advertised APY is $1.00.$1 and up | 0.01% | $1 | Monthly maintenance charge is $7.50 unless you maintain a minimum daily balance of $500 or more, have a personal checking account with M&T Bank, or make at least one deposit in the Relationship Savings account during the monthly service charge cycle. Minimum balance to earn advertised APY is $1.00. |
Sources (2)
All captured Sep 17, 2026
Special-purpose accounts
M&T Starter Savings Account
0.01%APY
Only available for individuals under 18 years of age. May require an adult custodian over age 18 on the account. Child's SSN and birth certificate required for verification. Eligibility to maintain the account does not end when reaching 18 years of age.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $1 and upNo monthly maintenance charge. Minimum balance to obtain advertised APY is $1.00.$1 and up | 0.01% | $1 | No monthly maintenance charge. Minimum balance to obtain advertised APY is $1.00. |
Sources (1)
- mtb.com/personal/savings-and-cds/starter-savings · captured Sep 26, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.