M&T Online Banking System December 2012
Included in this M&T Online Banking System December, 2012 review is information about the money market accounts this bank has to offer the public in the Buffalo, NY area and beyond online. With this up to date information you can then better decide if investing your money with them is right for your financial future.
The M&T Money Market rates are set up in a tiered format. The minimum balance amounts include $1, $2,500, $10,000, $25,000, $50,000, $100,000, $150,000, $250,000, $500,000 and $1,000,000. The standard MMA rates include the APYs of 0.04$, 0.04%, 0.34%, 0.35%, 0.39%, 0.39%, 0.39%, 0.39%, 0.39% and 0.13%.
The introductory MMA rates for those that deposit $10,000 of new money into their account will receive the following rates for the first three months of opening the account include 0.05%, 0.05%, 1.25%, 1.25%, 1.25%, 1.25%, 1.25%, 1.25% 1.25% and 0.20%. For those with a Premium money market account the APYs are 0.05%, 0.05%, 0.35%, 0.39%, 0.43%, 0.47%, 0.47%, 0.47%, 0.47% and 0.20%.
To qualify for the Premium MMA you must have a MyChoice Checking account with M&T Bank. You must also keep a minimum balance of $2,500 in the account to avoid the $15 monthly service fee.
With the MMA you will have free access to the M&T Bank electronic banking services. This is similar to what other online banks are offering. With this access you will have the ability to view your account balance and recent transactions.
You will also have limited access to the electronic money management programs from M&T Bank. This will include the online bill paying program. With this program you can literally pay anyone in America, any amount you have on deposit. The limitation is that only 6 withdraws or payments are permitted each month. If you exceed this number then the account will be assessed a penalty fee. This limitation is set by US federal regulations.
The M&T Bank rates were posted on December 11, 2012 but are subject to change without any prior notice.
For additional resources involving financial help, please view Hickam Federal Credit Union Online Banking System December 2012 on this website.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
For up to the date information on the M&T Bank CD rates please visit Best CD rates today.