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M&T Bank, which gets its name from its founding bank of Manufacturers and Traders Bank in Buffalo, New York, offers personal, business and commercial banking services. These include checking and savings accounts, credit cards, mortgages and loans and more. The bank has more than 1,000 branches and 2,200 ATMs in 12 states, from Maine to Virginia and Washington, D.C. Does M&T Bank Offer a Money Market Account? Yes, and no. M&T Bank does not offer a money market account for personal or business purposes, but it does have a Commercial Money Market Savings Account. According to M&T Bank, this account is targeted toward businesses, nonprofits and firms that carry large cash balances. So, if you do not plan to keep a large amount in your account, this might not be the account for you. For instance, there is a $12.50 monthly maintenance fee for those that don't carry a $10,000 minimum daily balance. The account offers a variable tiered interest rate, which is not listed, and in...
5 months ago