M&T Bank recently started an online savings account called M&T e-Money Market. The yield has remained at 5.05% APY for the last month. There are no minimum balance requirements or monthly service fees.

• 5.05% APY on all balances as of 10/23/07
• No minimum balance, no monthly service fee
• $1 per withdrawal in excess of 4 per month
• ATM card, but fees may apply at non-M&T ATMs
• Funded with ACH or a check

M&T Bank has branches in the Mid Atlantic States with most branches located in New York, Pennsylvania and Maryland. The bank is FDIC insured. Please visit their website for more information.