FDIC Insurance

What is the FDIC insurance limit for my accounts?

Your deposits at M&T Bank are now fully insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC), and are therefore backed by the full faith and credit of the U.S. government. Please keep in mind, FDIC coverage depends on the type of accounts you have and the ownership of those accounts. You can learn more about FDIC coverage and how you are impacted by visiting the FDIC website. Estimate your coverage by accessing EDIE The Estimator the FDICs insurance calculator.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “non-interest bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “non-interest bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

 

Deposit Rates (Annual Percentage Yield)
Personal Savings Accounts
Basic Savings .10
Power Savings .10 to .65
Kids Count Savings .10

Personal Money Markets
Classic Money Market** .10 to .70
Select Money Market .15 to .80

Personal Checking Accounts
Basic Checking .05
Advantage Checking .10
Signature Checking .15
Platinum Checking .10 to .40
Senior Plus Checking .15

Certificate of Deposit / IRA CDs
6 Month CD .15
12 Month CD .25
15 Month CD .30
18 Month- Add On CD*** .35
24 Month CD Penalty Free .40
30 Month CD .40
36 Month CD .55
48 Month CD .80
60 Month CD 1.25
Statement IRA**** .50