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M&T Bank vs Capital One

M&T Bank is an upper East Coast bank with free checking option and good promo CD rates. How does it compare to Capital One? Read our comparison chart below.

M&T Bank has 690 branches serving the Upper East Coast and Florida. Offers a no-fee checking, as well as interest checking but with heavier requirements to waive service fees. Select Promo CD offers high rates for terms up to 36 months with a $1,000 minimum opening deposit.

While Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

Compare M&T Bank with Capital One, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

M&T Bank

Capital One

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

Read M&T Bank Review

SPECIAL OFFER
Capital One 360 Checking - $25 Offer - Learn More

Read Capital One Review

 

Benefits and Features

Savings0.02% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account1% APY. No monthly service fee and no minimum deposit.
CD0.15% - 1.60% APY. Terms ranging from 32 days - 72 months. Minimum opening deposit $1,000.0.60% to 2.20% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.20%. No deposit to open.
Checking 0.20% APY under $50,000; 0.75% APY $50,000 or more; 1.00% APY $100,000 or more. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdraw
Money MarketM&T MyChoice Money Market account Regular rate of 0.04% - 0.39% APY, Premium rate of 0.05% - 0.47% APY for qualifying customers.0.85% APY up to $9,999.99; 1.90% APY $10,000 or more. No monthly service fee and no minimum deposit.
Customer ServiceMon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).
Mon-Sun: 8am - 11pm (ET)
ATMsMore than 1,500 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia.Over 39,000 no-fee Capital One & Allpoint ATMs
IRA CD 0.60% to 2.20% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.30%.
Locations690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida
Online Only
 

CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Free checking option
  • High APY for Promo CD
  • Free savings with checking
Cons:
  • Fee heavy
  • Subpar savings APY
  • Limited branches
Pros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Bottom LineUpper East Coast bank with free checking option and good promo CD rates... Read full reviewGood online bank with access to in-person support... Read full review

Personal Checking Account - Up to $250 Bonus

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

M&T Bank: Pricing information from published website as of 10/12/2019 based on 14203 zip code

Capital One: Pricing information from published website as of 10/12/2019.

Which is Better: M&T Bank or Capital One?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing M&T Bank or Chase.

In short: Capital One's checking, money market, and mobile app are worth mentioning. In particular, the checking is outstanding.


Articles on M&T Bank


Articles on Capital One


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Capital One Routing Number

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