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 Referral Program - Up to $500 Bonus - Learn More Read M&T Bank Review	SPECIAL OFFER Personal Savings Account - $1,500 Bonus - Learn More Read Capital One Review
	Benefits and Features
Savings	0.01% 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	4.25% APY
CD	3.75% - 4.75% APY. Terms of 6 - 24 months. Minimum opening deposit $1,000.	3.90% to 5.10% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.80%
Checking		0.10% APY
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.	Over 70,000 no-fee Capital One & Allpoint ATMs
Customer Service	Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).	Mon-Sun: 8am - 11pm (ET)
Locations	700 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida	273 branches
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: 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 cafes for in-person support Cons: Lower savings APY compared to other online banks
Bottom Line	Upper East Coast bank with free checking option and good promo CD rates... Read full review	Good online bank with access to in-person support... Read full review
	Referral Program - Up to $500 Bonus Personal Checking Account - Up to $200 Bonus M&T Tailored Business Checking Account - $1,500 Bonus	Personal Savings Account - $1,500 Bonus Personal Savings Account - $750 Bonus Personal Savings Account - $300 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 04/03/2024 based on 14203 zip code Capital One: Pricing information from published website as of 04/13/2024.

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

Still need help deciding which bank reviews & deals 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

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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Capital One 360

Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.