Customers Bank vs M&T Bank

Customers Bank is a solid bank that offers an interest-earning checking account and savings options with good APY. How does it compare to M&T Bank? Read our comparison chart below.

		M&T BankBank of AmericaChaseKeyBank
	Learn More	Learn More
	Customers Bank	M&T Bank
	SPECIAL OFFER High-Yield Savings Account - 4.01% APY - Learn More Read Customers Bank Review	SPECIAL OFFER Referral Program - Up to $500 Bonus - Learn More Read M&T Bank Review
	Benefits and Features
Savings	Yield Shield Savings Account - 4.23% APY. $25,000 minimum opening deposit.	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
CD	4.00% to 4.25% APY. Terms of 3 to 60 months. $500 minimum to open	Terms from 32 days to 120 months. Minimum opening deposit $1,000.
Checking	Up to 2.00% APY. $50 to open, no balance required, no monthly fees.
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.
Customer Service		Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).
Locations		700 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida
	CreditDonkey® Reviews
Savings
CD
Checking
Mobile App
Customer Service
Money Market
Pros & Cons	Pros: Competitive rates No monthly fees Access to physical branches Cons: Wire transfer fees	Pros: Free checking option High APY for Promo CD Free savings with checking Cons: Fee heavy Subpar savings APY Limited branches
Bottom Line	Solid bank that offers an interest-earning checking account and savings options with good APY... Read full review	Upper East Coast bank with free checking option and good promo CD rates... Read full review
	High-Yield Savings Account - 4.01% APY Interest Checking	Referral Program - Up to $500 Bonus Personal Checking Account - $200 Bonus Personal Checking Account - $150 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Customers Bank: Pricing information from published website as of 01/09/2025. M&T Bank: Pricing information from published website as of 01/01/2025 based on 14203 zip code

High-Yield Savings Account - 4.01% APY

Get Deal

• $1 minimum deposit
• No fees
• 24/7 online access to funds
• FDIC insured

Which is Better: Customers Bank or M&T Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Customers Bank or Bank of America.

In short: Customers Bank's cd is noteworthy. M&T Bank's customer service is noteworthy.

Articles on Customers Bank

Customers Bank Review

Customers Bank boasts several interest-earning accounts with good APYs. Read on for all the details.

• Customers Bank vs Bank of America

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?

• M&T Bank vs Chase
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Which Do You Think is Best?