M&T e-Money Market
M&T e-Money Market account , it’s a new high-yield online account. In addition to a great interest rate your money is not tied up for a specific length of time, giving you convenient access to your funds. To understand what this is about, the money market is the global financial market for short-term borrowing and lending. It provides short-term liquidity funding for the global financial system. The money market is where short-term obligations such as Treasury bills, commercial paper and bankers’ acceptances are bought and sold.
If you are a U.S. Citizen or U.S. Resident Alien with a valid U.S. Social Security Number or Taxpayer Identification Number you can open an online account with M&T Bank:
- fast online sign-up
- no minimum balance
- no monthly fee
- DIC insured
- over 1600 ATMs
- 24/7 access.
The M&T e-Money Market has a 3% Annual Percentage Yield. The “APY” or Annual Percentage Yield is the rate of return on an interest-bearing account for a one-year period based on the interest rate and frequency of compounding. The APY for an account that pays a variable interest rate (i.e., an interest rate that may change after the account is opened) is a hypothetical rate that assumes that the interest rate will not change, although, in fact, it may change in accordance with the features and terms of the account.
The sign up is really quick and i like it really