Capitol One offers high interest rates without all the online fees, however it’s not as high compared to other online banks. They also offer convenience checking and savings under one roof.
M&T Bank on the other hand 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.
Below, you can read about Capitol One vs M&T Bank and which is better for you!
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M&T Bank | Capitol One | |
Locations | 690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida
(Locator) |
Online based banking |
ATMs | More than 1,500 M&T Bank ATMs in New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida. | Over 39,000 no-fee Capital One & Allpoint ATMs |
Savings | 3/5 | 3.5/5 |
CD | 3/5 | NA |
Checking | 4/5 | 5/5 |
Money Market | 3/5 | 4/5 |
Customer Service | 4/5 | 4.5/5 |
Mobile App | 3.5/5 | 4.5/5 |
Pros | -Free checking option -High APY for Promo CD -Free savings with checking |
-Overdraft protection options -No account minimums -27 Capital One cafes for in-person support |
Cons | -Fee heavy -Subpar savings APY -Limited branches |
-Low savings APY compared to other online banks |
Bottom Line | M&T Bank is a great neighborhood bank. If its locations are convenient for you and you aren’t looking for top-notch interest rates, you may have found the perfect bank for yourself. | Capital One offers several banking products like checking and savings. |
Author’s Verdict
Which Bank is Better: M&T Bank or Capitol One?
In summary:
- M&T Bank is a regional bank, but they offer a variety of services that cater to people of all ages. You may not find the highest interest rates at this bank, but you will find exceptional customer service.
- Capital One has a good range of banking services. They are a good online bank that also provides in-person support.
Hopefully the above information helps you understand which bank is better for you.
Also be sure to check out our own lists of bank promotions and CD tables!
PROMOTIONAL LINK | OFFER | REVIEW |
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Chase College CheckingSM | $100 Cash | Review |
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Chase Secure BankingSM | $100 Cash | Review |
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Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
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Huntington Bank Business Checking 100 | $100 Cash | Review |
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