Additional information of Relationship Savings account
Those who like traditional banking to manage their money have an ally in the Relationship Savings account from M&T bank. It is a financial instrument that does not require a minimum deposit to open and comes with the support of 700 branches on the East Coast and an ATM network of 1800 ATMs in the United States.
It is true that this savings account comes with a $7.50 maintenance fee. The good news is that you don't have to pay it as long as you meet one of the following conditions:
Whether you're planning for retirement, thinking about establishing an emergency fund or want to make a major purchase, this banking product will help you achieve your goals.
Currently, the yield on the account is 0.01% APY for any amount.
Finally, you can manage this financial instrument through mobile/online banking, visiting an agency or using an ATM. Along with its daily compounding interest, you get electronic statements and it is compatible with the M&T Easy Save service and direct deposit.
Plus, you can use it as overdraft protection by linking it to your preferred checking account.
M&T Bank's Relationship Savings account may be just what you're looking for if you live in one of the states where M&T Bank operates. However, we invite you to compare other alternatives at Busconómico so that you have accurate information about the best benefits available at the moment.
Español: Cuenta de ahorro Relationship de M&T Bank