This checking bonus doesn't seem to be listed at KeyBank's website. It was recently advertised in the Denver Post. The ad is available here.
In addition to this checking bonus, KeyBank also has a Grand Opening CD Sale with a 1.75% APY 16-month CD and a 2.75% APY 32-month CD. Neither of these two CDs are that competitive. These specials are listed at this KeyBank webpage.
These new branches are located in the Colorado cities Denver, Aurora, Louisville, Littleton, Centennial and Thornton.
KeyBank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 6/30/09 financial data. KeyBank N.A. has been a FDIC member since 1956 (FDIC Certificate # 17534).
Change at KeyDirect
KeyBank's internet division, KeyDirect, recently announced that it's no longer accepting new customers. As I described in this post KeyBank has been hit hard in this financial crisis and they may have decided that focusing on their market areas will help them get back to profitability.
Other Bank Bonuses
To find other bonus deals, please refer to my bank bonus page which has all of my recent bank bonus posts.