M&T Bank Review 2026
M&T Bank is a community-focused commercial bank serving the Northeast and Mid-Atlantic. Known for strong relationships with small businesses and community organizations.
Founded
1856
Headquarters
Buffalo, NY
Total Assets
$210 billion
Branches
700+
BankingDeal Rating
Based on rates, fees, features, and customer satisfaction
3.8
out of 5.0
Rates & Fees
| Product | Rate / Fee |
|---|---|
| Savings APY | 0.01% |
| 12-Month CD APY | 4.30% |
| Checking Monthly Fee | $0 |
Rates shown are for illustration. Verify current rates directly with M&T Bank.
Products Offered
Pros & Cons
Pros
- +Strong community banking tradition
- +Good small business lending
- +Competitive mortgage rates
- +Personal relationship banking
- +No-fee checking option
Cons
- -Primarily Northeast presence
- -Lower savings rates
- -Limited credit card selection
- -Digital banking improving but not best-in-class
Our Verdict
M&T Bank is a decent option for those who value 700+ branch locations and a full suite of banking products. Strong community banking tradition, making it worth considering in the traditional banking space. While savings rates at 0.01% are lower than online competitors, the convenience of branch access and comprehensive product offerings may offset this for many customers.
Related Resources
Frequently Asked Questions
Is M&T Bank a good bank?
M&T Bank has a rating of 3.8/5 on our scale. Strong community banking tradition. However, primarily northeast presence. Whether it is right for you depends on your specific banking needs and priorities.
What is the savings account APY at M&T Bank?
M&T Bank currently offers a savings APY of 0.01%. Online banks may offer higher rates, though M&T Bank provides other benefits like branch access. Rates are subject to change. Verify current rates directly with M&T Bank.
Does M&T Bank charge monthly fees?
M&T Bank offers checking accounts with no monthly maintenance fee.
What products does M&T Bank offer?
M&T Bank offers Checking Accounts, Savings Accounts, CDs, Credit Cards, Mortgages, Business Banking, Commercial Lending. Services are available online, through the mobile app, and at 700+ branches nationwide.
Where is M&T Bank headquartered?
M&T Bank is headquartered in Buffalo, NY. Founded in 1856, M&T Bank Corporation has grown to manage $210 billion in total assets. It operates 700+ branches.