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.