Considering the state of the US economy, money has been on almost everyone’s mind these days. While money is tight for most, those that do have cash saved up or invested are wondering just what to do with it. With the growing popularity of online banking, a multitude of internet bank account choices are becoming available. One new possibility is the M&T Bank eMoney Market Account, which boasts a 3.0% APY and a convenient online application process.
The new internet based money market account from M&T Bank is FDIC insured, and carries no minimum balance requirements or monthly fees. If there is a single dollar in your account, you’ll be earning interest. In addition to the convenience of applying and banking online, M&T also has over 1600 ATMs. For those who are skeptical of banking online, the only drawback is that the application for the emoney market account has to be completed online. On the other hand, this is probably a plus for those who loathe standing in line at the bank. Once your account is established, you can bank in person at any traditional M&T Bank location, in addition to your online access.
Like any variable fee account, there is no guarantee that you’ll continue to earn the advertised 3.0% APY, but you have control with 24/7 online access to your account to remove or manage your funds.