KeyBank Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
You will need to deposit at least $2,500 to open a CD, which is steeper than what some other banks require. You can also find higher rates elsewhere.
KeyBank also offers Jumbo CDs for those depositing at least $100,000.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
You only need $50 to open a Key Silver Money Market Savings account. But you will want to keep at least $5,000 in the account to avoid paying a $12 monthly service charge. You can also get the fee waived by making a monthly direct deposit of at least $25 or keep a personal relationship package checking account.
The Key Gold Money Market Savings Account requires an opening deposit of $25,000.
You can find higher yields elsewhere.
The overdraft fee it charges ($33) is slightly lower than what some other banks charge. But KeyBank increases the fee to $38 if you have more than two overdrafts in the current cycle or in the previous 11 cycles.
KeyBank offers five checking accounts. It also has a KeyBank Hassle-Free Account that doesn’t charge a monthly maintenance fee or overdraft fees. It also offers Key Advantage Checking, which offers interest, and the Key Privilege Checking account and the Key Privilege Select Checking accounts for higher balances.
Depending on what account you have, you may have to pay $3 if you use an out-of-network ATM. But KeyBank partners with Allpoint ATMs, so you can use more than 40,000 ATMs across the country for free. You will also have access to Zelle on the bank’s mobile app to make person-to-person payments.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. KeyBankKeyBank Review 2022
Mary Wisniewski is a banking editor for Bankrate. She oversees editorial coverage of savings and mobile banking articles as well as personal finance courses. Updated November 10, 2022 Bankrate logoThe Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logoThe Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money. Bankrate logoEditorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logoHow we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.On This Page
At a glance
3.4 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
This bank is best for those living in its branch footprint.Highlights
24/7 Customer Service Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
KeyBank is a regional bank that operates more than 1,000 full-service branches.Pros
KeyBank operates more than 1,000 bank branches. KeyBank offers a wide variety of CD terms. KeyBank partners with Allpoint ATMs, so you can use more than 40,000 ATMs.Cons
You can find higher rates on deposit products elsewhere.KeyBank bank products
Savings CD Money Market Checking 2.3 Bankrate ScoreKeyBank savings overview
You only need $10 to open the Key Active Saver account. As long as you’re an owner of a KeyBank consumer checking account, you’ll have the $4 monthly service fee waived. Every balance earns interest, but it's well below the national average.Pros
You only need $10 to open the account. If you have a checking account, you won’t pay a monthly service fee on the savings account.Cons
The APY is well below the national average. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 2.5 Bankrate ScoreKeyBank CD overview
KeyBank offers a wide selection of CDs, ranging from seven days through 10 years.You will need to deposit at least $2,500 to open a CD, which is steeper than what some other banks require. You can also find higher rates elsewhere.
KeyBank also offers Jumbo CDs for those depositing at least $100,000.
Pros
KeyBank offers a wide selection of CD terms. Jumbo CDs are available.Cons
You’ll need at least $2,500 to open a CD. You can find higher rates elsewhere. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 2.6 Bankrate ScoreKeyBank money market overview
KeyBank has two money market accounts. They are the Key Silver Money Market Savings Account and the Key Gold Money Market Savings Account.You only need $50 to open a Key Silver Money Market Savings account. But you will want to keep at least $5,000 in the account to avoid paying a $12 monthly service charge. You can also get the fee waived by making a monthly direct deposit of at least $25 or keep a personal relationship package checking account.
The Key Gold Money Market Savings Account requires an opening deposit of $25,000.
You can find higher yields elsewhere.
Pros
The accounts come with check-writing privileges. It’s relatively easy to avoid the monthly fee.Cons
You can find higher yields elsewhere if you shop around. 4.6 Bankrate ScoreKeyBank checking overview
Key Smart Checking doesn’t charge a maintenance fee and you only need to deposit $10 to open the account, making it an accessible option for consumers in the bank’s footprint.The overdraft fee it charges ($33) is slightly lower than what some other banks charge. But KeyBank increases the fee to $38 if you have more than two overdrafts in the current cycle or in the previous 11 cycles.
KeyBank offers five checking accounts. It also has a KeyBank Hassle-Free Account that doesn’t charge a monthly maintenance fee or overdraft fees. It also offers Key Advantage Checking, which offers interest, and the Key Privilege Checking account and the Key Privilege Select Checking accounts for higher balances.
Depending on what account you have, you may have to pay $3 if you use an out-of-network ATM. But KeyBank partners with Allpoint ATMs, so you can use more than 40,000 ATMs across the country for free. You will also have access to Zelle on the bank’s mobile app to make person-to-person payments.
Pros
Key Smart Checking doesn’t charge a maintenance fee. You only need to deposit $10 to open the account. You can use more than 40,000 ATMs across the country for free.Cons
You don’t earn any interest on Key Smart Checking. Overdraft fees are high if you regularly overdraw your Key Smart Checking account. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
KeyBank has more than 1,000 branches and has a presence in 15 states. KeyBank customer service on the phone is available 24/7. You can also use its website to schedule an appointment with a branch manager in your neighborhood — including to get your financial wellness review. KeyBank’s mobile app isn’t a knockout, but it is favorably reviewed.About KeyBank
KeyBank is a regional bank based in Cleveland. The bank operates more than 1,000 full-service branches in 15 states. It offers certificates of deposit, money market accounts, savings accounts and checking accounts. The regional bank is known for pioneering financial health programs for its customers.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .