KeyBank


Overview / Commentary
216-689-8481
127 Public Square
Cleveland, OH 44144

KeyBank is one of the largest retail banks in the country and offers an array of products on both its deposit and loan sides. It maintains up-to-date web-based and mobile platforms for easy account management, including online banking via an award winning website. Headquartered in Cleveland, Ohio, it services its customers through a very large network of branches and ATMs.

One of KeyBank’s popular depository products is a reward checking account that often offers a cash bonus for new account openings. It also features hundreds of ‘Tiered’ and ‘Jumbo’ CDs and IRA CDs with various terms and requirements. KeyBank’s checking and savings account offerings usually offer lower than average interest rates. The bank also partners with Quicken to offer financial management solutions to both individuals and businesses.

KeyBank customers can earn Relationship Rewards points by opening a new account or performing everyday banking activities such as Bill Pay, automated debits and credits, and debit card purchases. These points can be redeemed through the KeyBank rewards catalog, which features a variety of products and merchandise. KeyBank online banking provides customers with an easy-to-use system for managing their accounts.

KeyBank was originally organized in 1865 as the National Commercial Bank of Albany. It merged with First Trust and Deposit a century later to become First Commercial Bank before finally changing its name to KeyBank in 1979.

KeyBank’s extensive focus on meeting the credit needs of underserved communities has earned it numerous “outstanding” recognitions by the federal government for its performance in this area. It does this by offering nontraditional banking products and services like low fee check cashing, free financial education, checkless checking, and short-term lines of credit.

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8/4/13 - Get $200 For A New Keybank Checking Account
7/10/13 - $200 Checking Account Bonus at KeyBank in Some States
5/16/13 - $150 Checking Account Bonus (with Caveats) at KeyBank in Certain States Only
9/20/12 - Another $150 Checking Account Bonus at KeyBank in Certain States Only
7/18/12 - $150 Checking Account Bonus At 2 Key Branches In Portland Oregon
5/8/12 - KeyBank Checking Account Bonus: $100 Gift Card
11/16/11 - KeyBank's $150 Checking Account Bonus
8/22/11 - How Should Banks Notify Paperless Statement Customers Of Changes?
7/11/11 - iPod touch KeyBank Checking Account Promotion - Certain States Only
6/8/11 - $150 Checking Account Bonus at KeyBank in Certain States Only
5/12/11 - Free iPod touch with KeyBank Checking Account Promotion - Certain States Only
3/30/11 - Keycorp Repays TARP
9/14/10 - $225 Business Checking Account Bonus At Key Bank
6/28/10 - Free Ipod Touch Checking Bonus At Key Bank: Extended To July 30
5/2/10 - KeyBank's iPod touch Checking Account Promotion
3/2/10 - $150 to $200 Checking Account Bonuses at KeyBank - Only Certain States
10/18/09 - $125 to $225 Checking Account Bonuses at KeyBank - Only Certain States
10/11/09 - $200 Checking Account Bonus at New KeyBank Branches in Colorado - Local Only
8/18/09 - KeyBank's Garmin GPS Checking Account Promotion
7/8/09 - KeyBank Checking Account Promotion
10/25/08 - $100 Checking Account Promotion at KeyBank - Update
8/23/08 - High CD Rates at KeyDirect and KeyBank - 4.55% 12-Month, 5.50% 48-Month
8/22/08 - iPod nano Checking Account Promotion at KeyBank - Update 2
7/26/08 - 4.50% 23-Month CD at KeyDirect
6/30/08 - 5.25% 48-Month / 4.55% 23-Month CD at KeyBank
6/29/08 - iPod nano Checking Account Promotion at KeyBank - Update
3/30/08 - $100 Checking Account Promotion at KeyBank
1/22/08 - 5.55% to 5.90% on 5 to 10 Year CDs at KeyDirect
1/12/08 - 5.50% 25-Month / 5.30% 7-Month CD at Key Bank in Some States
7/22/07 - iPod nano Checking Account Promotion at KeyBank
2/20/07 - Digital Camera Checking Account Bonus at KeyBank
7/23/06 - iPod nano Checking Account Bonus at KeyBank

I'm happy with Key

Posted by: JimmyJ1980 | Jan 6, 2015

I opened up an savings and a checking account with Key bank a few years ago when I moved into the area. There was not wait time and the lady who helped me out was very nice. There's never a long line and the tellers remember who you are and genuinely seem to care. I've had all my questions answered promptly and correctly. I even opened up a separate savings account for kids. Their web site is excellent and I'm able to do whatever I want and not have problems. There are enough locations around my area that there isn't a problem going to the ATM or talking to a person in real life. I've had good luck with their other products, like CDs and loans, and they've been on par with other banks. I've been happy these last few years and I'm hoping that will be the case going forward.

Key Bank Review

I enjoy working with key bank. I like that as long as I keep my account active they waive the monthly maintenance fee. I do however wish that they offered free checks for the account that I have. The mobile site is easy to use to set up online bill pay.

Annoying Practices And Not Small Business Friendly

Posted by: gblume | Sep 6, 2011

I have banked with Key Bank for almost 20 years and have found them to be mediocre at best and recently to have gotten signiificantly worse.  As other reviewers of this bank have noted, they have one of the worst and most arbitrary policies regarding funds availability of any bank.  None of their funds availability policies make any sense, and appear to be determined by who you are talking to.  I was closing on a house and had a cashiers check for $100,000 from another bank, which Key Bank said would take 4 days to become available.  The issuing bank told me it should be hours, or at the most 1 day, and said "no bank in the country will hold this over 1 day."  Recently, I brought in a check for $4500 from a mutual fund company with well over $15,000,000,000 in assets.  The Key Bank clerk fumbled around and then gave me a written notice that the funds would be available in 4 business days.

Even worse, they claim to be small business friendly.  Guess again.  After giving a detailed business plan to three business bankers at Key Bank to get a loan to expand my business, including to Key Bank's head of SBA loans in my region, and being told by all three that this was "the best proposal I've seen in a year,"  Key Bank corporate turned it down totally.  I guess, like many banks, they had better things to do with TARP funds then invest it in the expansion of small businesses, including on a proposal that was felt to be "the best in a year" by three of their own business bankers.  None of these three bankers would discuss Key Bank's decision with me (I guess because they were so embarrased by what they had said).  I have a friend who was a senior VP at Key Bank who left them and told me it was the best decision of his life to get out of Key Bank.

Like many national banks, Key Bank is beaurocratic, inefficient, unfriendly, arbitrary, and not conducive to consumers or small business.  Find a different bank.  Maybe companies like this partly explain why the US economy is falling behind. 

 

Staff Rude

Posted by: cowboy1969 | 7 hours ago

Went in to open a savings account at the Carmel Branch. The account rep. I spoke to was not friendly and somewhat rude. Not a good way to treat the public. I left and will never go back there again. I did go to another bank and opened an account there with no problems. As a matter of fact, they welcomed me with open arms.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #17534
Year Established1849
Employees17284
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD11.63%
Annual Interest Income$2.62B
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$143.1B$135.9B
LoansQ2 2019vs Q2 2018$93.78B$89.88B
DepositsQ2 2019vs Q2 2018$113.9B$107.7B
Equity CapitalQ2 2019vs Q2 2018$16.51B$15.15B
Loan Loss AllowanceQ2 2019vs Q2 2018$902.3MM$901.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$706.3MM$737.3MM
Real Estate OwnedQ2 2019vs Q2 2018$51.3MM$38.1MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not KeyBank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

KeyBank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%-$25kFinancial Wellness Interest Score: 91-100
0.90%-$25kFinancial Wellness Interest Score: 81-90
0.80%-$25kFinancial Wellness Interest Score: 71-80
0.70%-$25kFinancial Wellness Interest Score: 61-70
0.60%-$25kFinancial Wellness Interest Score: 51-60
0.50%-$25kFinancial Wellness Interest Score: 41-50
0.40%-$25kFinancial Wellness Interest Score: 31-40
0.30%-$25kFinancial Wellness Interest Score: 21-30
0.20%*$25k*-KeyBank Health Savings Account
OTHER TIERS: 0.10% Up to $2.5k | 0.15% $2.5k - $25k
0.20%*$25k*-Key Active Saver
OTHER TIERS: 0.10% Up to $25k
0.20%-$25kFinancial Wellness Interest Score: 11-20
0.10%-$25kFinancial Wellness Interest Score: 1-10
0.02%*$2.5k*-Key Business Saver
OTHER TIERS: 0.01% Up to $2.5k

KeyBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$25k*-Key Gold Money Market Relationship Rates
OTHER TIERS: 0.10% Up to $25k
1.25%*$25k*-Key Business Gold Money Market Savings with Relationship
OTHER TIERS: 0.10% Up to $25k
0.57%$25k-Key Gold Money Market Savings Variable Promo Rates
0.57%$25k$2mKey Business Gold Money Market Savings 12 Month Bonus Rate
0.27%*$5k*-Key Silver Money Market Relationship Rates
OTHER TIERS: 0.10% Up to $5k
0.15%--IRA Money Market Account
0.14%$5k-Key Silver Money Market Savings Variable Promo Rates
0.10%*$25k*-Key Gold Money Market Savings
OTHER TIERS: 0.05% Up to $25k
0.10%*$25k*-Key Business Gold Money Market Savings
OTHER TIERS: 0.05% Up to $25k
0.10%*$5k*-Key Business Silver Money Market Savings
OTHER TIERS: 0.05% Up to $5k
0.10%*$2.5k*-Key Business Silver Money Market Savings with Relationship
OTHER TIERS: 0.05% Up to $2.5k
0.09%$25k-Key Business Silver Money Market Savings 12 Month Bonus Rate
0.05%--Key Silver Money Market Savings

KeyBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Key Privilege Select Checking
OTHER TIERS: 0.05% Up to $100k
0.10%*$10k*-KeyBank Business Interest Checking
OTHER TIERS: 0.05% Up to $10k
0.04%--Key Privilege Checking (Daily Sweep)
0.01%--Key Advantage Checking

KeyBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$25k*$100k10 Year Tiered CD - Relationship
OTHER TIERS: 1.10% $2.5k - $10k | 1.15% $10k - $25k
1.25%$100k$500k10 Year Key Jumbo CD - Relationship
1.00%$100k$500k6 Year Key Jumbo CD - Relationship
1.00%*$25k*$100k6 Year Tiered CD - Relationship
OTHER TIERS: 0.85% $2.5k - $10k | 0.90% $10k - $25k
1.00%$100k$500k7 Year Key Jumbo CD - Relationship
1.00%*$25k*$100k7 Year Tiered CD - Relationship
OTHER TIERS: 0.85% $2.5k - $10k | 0.90% $10k - $25k
1.00%*$25k*$100k8 Year Tiered CD - Relationship
OTHER TIERS: 0.85% $2.5k - $10k | 0.90% $10k - $25k
1.00%*$25k*$100k9 Year Tiered CD - Relationship
OTHER TIERS: 0.85% $2.5k - $10k | 0.90% $10k - $25k
1.00%$100k$500k8 Year Key Jumbo CD - Relationship
1.00%$100k$500k9 Year Key Jumbo CD - Relationship
0.85%$100k$500k5 Year Key Jumbo CD - Relationship
0.85%*$25k*$100k5 Year Tiered CD - Relationship
OTHER TIERS: 0.70% $2.5k - $10k | 0.75% $10k - $25k
0.75%$100k$500k48 Month Key Jumbo CD - Relationship
0.75%*$25k*$100k48 Month Tiered CD - Relationship
OTHER TIERS: 0.60% $2.5k - $10k | 0.65% $10k - $25k
0.75%*$25k*$100k10 Year Tiered CD
OTHER TIERS: 0.60% $2.5k - $10k | 0.65% $10k - $25k
0.75%$100k$500k10 Year Key Jumbo CD
0.65%$100k$500k36 Month Key Jumbo CD - Relationship
0.65%*$25k*$100k36 Month Tiered CD - Relationship
OTHER TIERS: 0.50% $2.5k - $10k | 0.55% $10k - $25k
0.50%*$25k*$100k6 Year Tiered CD
OTHER TIERS: 0.35% $2.5k - $10k | 0.40% $10k - $25k
0.50%*$25k*$100k7 Year Tiered CD
OTHER TIERS: 0.35% $2.5k - $10k | 0.40% $10k - $25k
0.50%$100k$500k6 Year Key Jumbo CD
0.50%$100k$500k7 Year Key Jumbo CD
0.50%*$25k*$100k8 Year Tiered CD
OTHER TIERS: 0.35% $2.5k - $10k | 0.40% $10k - $25k
0.50%*$25k*$100k9 Year Tiered CD
OTHER TIERS: 0.35% $2.5k - $10k | 0.40% $10k - $25k
0.50%$100k$500k8 Year Key Jumbo CD
0.50%$100k$500k9 Year Key Jumbo CD
0.45%$100k$500k24 Month Key Jumbo CD - Relationship
0.45%*$25k*$100k24 Month Tiered CD - Relationship
OTHER TIERS: 0.30% $2.5k - $10k | 0.35% $10k - $25k
0.35%*$25k*$100k5 Year Tiered CD
OTHER TIERS: 0.20% $2.5k - $10k | 0.25% $10k - $25k
0.35%$100k$500k5 Year Key Jumbo CD
0.30%*$25k*$100k36 Month Tiered CD
OTHER TIERS: 0.15% $2.5k - $10k | 0.20% $10k - $25k
0.30%*$25k*$100k48 Month Tiered CD
OTHER TIERS: 0.15% $2.5k - $10k | 0.20% $10k - $25k
0.30%$100k-36 Month Key Jumbo CD
0.30%$100k$500k48 Month Key Jumbo CD
0.25%$100k$500k12 Month Key Jumbo CD - Relationship
0.25%$2.5k$100k12 Month Tiered CD - Relationship
0.25%*$25k*$100k24 Month Tiered CD
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $25k
0.25%$100k$500k24 Month Key Jumbo CD
0.20%$100k$500k120 - 149 Day Key Jumbo CD - Relationship
0.20%$100k$500k6 Month Key Jumbo CD - Relationship
0.20%$2.5k$100k120 - 149 Day Key Short Term CD - Relationship
0.20%$2.5k$100k6 Month Tiered CD - Relationship
0.20%$2.5k$100k150-179 Day Key Short Term CD - Relationship
0.20%$100k$500k150-179 Day Key Jumbo CD - Relationship
0.15%$2.5k$100k12 Month Tiered CD
0.15%$100k$500k12 Month Key Jumbo CD
0.10%$2.5k$100k60 - 89 Day Key Short Term CD
0.10%$2.5k$100k90 - 119 Day Key Short Term CD
0.10%$2.5k$100k120 - 149 Day Key Short Term CD
0.10%$2.5k$100k6 Month Tiered CD
0.10%$100k$500k30 - 59 Day Key Jumbo CD
0.10%$100k$500k60 - 89 Day Key Jumbo CD
0.10%$100k$500k90 - 119 Day Key Jumbo CD
0.10%$100k$500k120 - 149 Day Key Jumbo CD
0.10%$100k$500k6 Month Key Jumbo CD
0.10%$100k$500k30 - 59 Day Key Jumbo CD - Relationship
0.10%$100k$500k60 - 89 Day Key Jumbo CD - Relationship
0.10%$100k$500k90 - 119 Day Key Jumbo CD - Relationship
0.10%$2.5k$100k60 - 89 Day Key Short Term CD - Relationship
0.10%$2.5k$100k90 - 119 Day Key Short Term CD - Relationship
0.10%$2.5k$100k7-31 Day Key Short Term CD
0.10%$2.5k$100k32-59 Day Key Short Term CD
0.10%$2.5k$100k150-179 Day Key Short Term CD
0.10%$2.5k$100k7-31 Day Key Short Term CD - Relationship
0.10%$2.5k$100k32-59 Day Key Short Term CD - Relationship
0.10%$100k$500k7-13 Day Key Jumbo CD
0.10%$100k$500k14-29 Day Key Jumbo CD
0.10%$100k$500k150-179 Day Key Jumbo CD
0.10%$100k$500k7-13 Day Key Jumbo CD - Relationship
0.10%$100k$500k14-29 Day Key Jumbo CD - Relationship

KeyBank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$25k*$100k10 Year Tiered IRA - Relationship
OTHER TIERS: 1.10% $1k - $10k | 1.15% $10k - $25k
1.00%*$25k*$100k6 Year Tiered IRA - Relationship
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k
1.00%*$25k*$100k7 Year Tiered IRA - Relationship
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k
1.00%*$25k*$100k8 Year Tiered IRA - Relationship
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k
1.00%*$25k*$100k9 Year Tiered IRA - Relationship
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k
0.85%*$25k*$100k5 Year Tiered IRA - Relationship
OTHER TIERS: 0.70% $1k - $10k | 0.75% $10k - $25k
0.75%*$25k*$100k48 Month Tiered IRA - Relationship
OTHER TIERS: 0.60% $1k - $10k | 0.65% $10k - $25k
0.75%*$25k*$100k10 Year Tiered IRA
OTHER TIERS: 0.60% $1k - $10k | 0.65% $10k - $25k
0.65%*$25k*$100k36 Month Tiered IRA - Relationship
OTHER TIERS: 0.50% $1k - $10k | 0.55% $10k - $25k
0.50%*$25k*$100k6 Year Tiered IRA
OTHER TIERS: 0.35% $1k - $10k | 0.40% $10k - $25k
0.50%*$25k*$100k7 Year Tiered IRA
OTHER TIERS: 0.35% $1k - $10k | 0.40% $10k - $25k
0.50%*$25k*$100k8 Year Tiered IRA
OTHER TIERS: 0.35% $1k - $10k | 0.40% $10k - $25k
0.50%*$25k*$100k9 Year Tiered IRA
OTHER TIERS: 0.35% $1k - $10k | 0.40% $10k - $25k
0.45%*$25k*$100k24 Month Tiered IRA - Relationship
OTHER TIERS: 0.30% $1k - $10k | 0.35% $10k - $25k
0.35%*$25k*$100k5 Year Tiered IRA
OTHER TIERS: 0.20% $1k - $10k | 0.25% $10k - $25k
0.30%*$25k*$100k36 Month Tiered IRA
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $25k
0.30%*$25k*$100k48 Month Tiered IRA
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $25k
0.25%*$25k*$100k24 Month Tiered IRA
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $25k
0.20%$1k$100k6 Month Tiered IRA - Relationship
0.11%$1k-18 Month Variable Rate CD IRA
0.10%$1k$100k6 Month Tiered IRA
Locations

Availability

Idaho Falls Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.