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Axos Bank vs M&T Bank


 Axos Bank
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Axos Bank

M&T Bank

SPECIAL OFFER
High Yield Savings and Essential Checking - $100 Bonus - Learn More

Read Axos Bank Review

SPECIAL OFFER
Personal Checking Account - Up to $250 Bonus - Learn More

Read M&T Bank Review

 

Benefits and Features

Savings<$25K 0.61% APY; $25K-$100K - 0.25% APY; >$100K - 0.15% APY. No minimum opening deposit. No monthly maintenance fee. Daily Compounding Interest.0.01% - 0.02% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or more or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account
CD0.20% APY. Terms of 3 months to 60 months. No maintenance fee. Minimum deposit of $1,000.0.05% APY. Terms of 24 months. Minimum opening deposit $1,000.
CheckingEarn up to 1.25% APY if you meet 2 out of 3 conditions. 1. Monthly direct deposits totaling $1,000 or more 2. Use your Axos Visa┬« Debit Card for a total of 10 transactions per month (min $3 per transaction). 3. Use your Axos Visa┬« Debit Card 5 more times, a total of 15 transactions per month (min $3 per transaction). 
Money Market0.25% APY. No minimum balance requirements. No fees to open or maintain account.M&T MyChoice Money Market account Regular rate of 0.02% APY, Premium rate of 0.02% APY for qualifying customers.
Customer Service Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).
ATMs More than 1,800 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia.
Locations 690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida
 

CreditDonkey® Reviews

 Axos Bank
SavingsStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
CDStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • Free checking option
  • High APY for Promo CD
  • Free savings with checking
Cons:
  • Fee heavy
  • Subpar savings APY
  • Limited branches
Bottom Line Read full reviewUpper East Coast bank with free checking option and good promo CD rates... Read full review
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Axos Bank: Pricing information from published website as of 07/01/2020.

M&T Bank: Pricing information from published website as of 5/14/2021. based on 14203 zip code


Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

Articles on M&T Bank

M&T Bank Review

If you are on the upper East Coast, you probably see M&T Bank frequently. With a free checking option and a range of deposit accounts, does it meet your needs?

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