If you have some sort financially sound bone in your body, then you most likely have some sort of money market account opened. They allow you the ease of still making some interest on money, while not having the worry about locking in that amount for long periods of time.

Most money market accounts either have one set interest rate or will vary depending on the value of the account; however, they rarely ever head above 3%.

Now M&T Bank is introducing their M&T Bank eMoney Market Account. As long as you are able to spare the minimum balance of $1, owners will be able to enjoy an interest rate of 3.25%. There are no monthly fees, they are FDIC insured, and you have 24/7 access to your money.

You are allowed 4 withdrawals per month, with a $1 penalty for each one after; on the other hand, you shouldn’t be taking out money so many times from your savings in one month.

Try out their savings calculator for yourself and see how they match up against the national saving average. Visit their site to get started.