KeyBank

Overview / Commentary

www.key.com

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.

View all posts from:

2022
2017
2015
Earlier

5/24 - KeyBank’s Checking Bonuses and Future Impact of Overdraft Fee Changes
3/1 - KeyBank Offers $200 Checking Bonus In 15 States
1/29 - Keybank: $200 For Opening A Checking Account

8/22 - Key Bank Is Offering A Promotional 39 Month CD With APY Of 2.05%
4/28 - $300 Checking Account Bonus Is Back At Keybank
3/13 - Keybank $300 Bonus (Two Bonuses, Two Promo Codes)

12/11 - KeyBank Offers $300 Checking Account Bonus
11/3 - CD Rate Special In Branches Only
7/14 - KeyBank Has New $100 and $300 Checking Account Bonuses
5/13 - KeyBank Offers $200 Checking Account Bonus Through June 12, 2015
1/8 - KeyBank Extends $200 Checking Account Bonus Until February 27, 2015

Reviews (79)

Solid Bank

Posted by: T210DRVR | Sep 6, 2023

The best bank we've ever had. Excellent communication and service at our local branch. They used to be on the low end of interest paid on CD's and savings. Since the banking crises they are offering very attractive rates. Highly recommend!

Review as a New Customer

Posted by: BootsLee | Mar 26, 2015

I am a new customer of Key, and have had nothing but good experience. My boyfriend and I have a joint account, and our experience has always been pleasant customer service. If there is a question, the staff is always courteous, prompt, and friendly and does what it takes to search for an answer if they don't happen to have one and come up with a solution. Our account is small but we are also never looked down upon at all as well. I would also have no problems recommending Key to anyone, and if one is re-starting like we have been after the economy collapse, plus life-situations that brought financial ruin, I would especially recommend them as they are also very encouraging, knowledgeable, and willing to come up with, and give suggestions if need be.

They Are Not Reliable.Bait And Switch

Posted by: Fasih | Dec 23, 2020

They make all kinds of excuses not to abide by their ads,so that they do not have to pay opening account bonuses.

Comment

Keybank Is Disgusting

Posted by: Lizzy1977 | Sep 16, 2023

Did a mobile upload with life insurance check ( was not alot) and these scumbags said it would be available the next DAY NOT BUSINESS DAY ( deposit was made on Friday.. then deciided to hold the funds to Friday the 22nd.. when i called them to question it they told me they want to make sure the payer has enough funds to cover the small check.. .. LMAO it is a well know insurance company.. keybank sucks

Comment

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Health

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	17534
Year Established	1849
Employees	18447
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.84%
Return on Equity - YTD	11.8%
Annual Interest Income	$1.81B

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$195.2B$179.1B
Loans	Q1 2023vs Q1 2022	$120.2B$107.2B
Deposits	Q1 2023vs Q1 2022	$147.4B$151B
Equity Capital	Q1 2023vs Q1 2022	$14.12B$14.99B
Loan Loss Allowance	Q1 2023vs Q1 2022	$1.40B$1.13B
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$499.9MM$519.4MM
Real Estate Owned	Q1 2023vs Q1 2022	$22.5MM$18.3MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.01%^†	-	-	KeyBank Health Savings Account
0.01%^†	-	-	Key Business Saver
0.01%^†	-	-	Key Active Saver

KeyBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^†	-	-	Key Gold Money Market Relationship Rates
0.05%^†	-	-	IRA Money Market Account
0.05%^†	-	-	Key Business Gold Money Market Savings with Relationship
0.05%^*^†	$25k^*	-	Key Business Gold Money Market Savings 3 Month Bonus - New Money
OTHER TIERS: 0.01% → Up to $25k
0.05%^†	$25k	-	Key Gold Money Market Savings 3 Month Bonus - New Money
0.02%^*^†	$5k^*	-	Key Silver Money Market Relationship Rates
OTHER TIERS: 0.01% → Up to $5k
0.02%^*^†	$5k^*	-	Key Business Silver Money Market Savings with Relationship
OTHER TIERS: 0.01% → Up to $5k
0.02%^†	$5k	$1m	Key Silver Money Market Savings 3 Month Bonus - New Money
0.02%^*^†	$5k^*	-	Key Business Silver Money Market Savings 3 Month Bonus Rate - New Money
OTHER TIERS: 0.01% → Up to $5k
0.01%^†	-	-	Key Gold Money Market Savings
0.01%^†	-	-	Key Silver Money Market Savings
0.01%^†	-	-	Key Business Gold Money Market Savings
0.01%^†	-	-	Key Business Silver Money Market Savings

KeyBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^†	-	-	Key Select Checking
0.01%^†	-	-	KeyBank Business Interest Checking

KeyBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*^†	$2.5k^*	$50k	7 Month Tiered CD Special - Relationship
OTHER TIERS: 4.75% → $50k+
5.00%^†	$100k	$500k	13 Month Key Jumbo CD Special - Relationship
5.00%^*^†	$10k^*	-	13 Month Tiered CD Special - Relationship
OTHER TIERS: 4.75% → $2.5k - $10k
5.00%^*^†	$10k^*	-	10 Month Tiered CD Special - Relationship
OTHER TIERS: 4.75% → $2.5k - $10k
5.00%^†	$100k	$500k	10 Month Key Jumbo CD Special - Relationship
5.00%^†	$100k	$500k	7 Month Key Jumbo CD Special - Relationship
4.74%^*^†	$10k^*	-	7 Month Tiered CD Special
OTHER TIERS: 4.49% → $2.5k - $10k
4.74%^*^†	$10k^*	-	13 Month Tiered CD Special
OTHER TIERS: 4.49% → $2.5k - $10k
4.74%^†	$100k	$500k	13 Month Key Jumbo CD Special
4.74%^*^†	$10k^*	-	10 Month Tiered CD Special
OTHER TIERS: 4.49% → $2.5k - $10k
4.74%^†	$100k	$500k	10 Month Key Jumbo CD Special
4.74%^†	$100k	$500k	7 Month Key Jumbo CD Special
4.25%^*^†	$10k^*	-	18 Month Tiered CD Special - Relationship
OTHER TIERS: 4.00% → $2.5k - $10k
4.25%^†	$100k	$500k	18 Month Key Jumbo CD Special - Relationship
4.00%^*^†	$10k^*	-	18 Month Tiered CD Special
OTHER TIERS: 3.75% → $2.5k - $10k
4.00%^†	$100k	$500k	18 Month Key Jumbo CD Special
0.05%^†	$2.5k	$100k	60 - 89 Day Key Short Term CD
0.05%^†	$2.5k	$100k	90 - 119 Day Key Short Term CD
0.05%^†	$2.5k	$100k	120 - 149 Day Key Short Term CD
0.05%^†	$2.5k	-	6 Month Tiered CD
0.05%^†	$2.5k	-	12 Month Tiered CD
0.05%^†	$2.5k	-	36 Month Tiered CD
0.05%^†	$2.5k	-	48 Month Tiered CD
0.05%^†	$2.5k	-	5 Year Tiered CD
0.05%^†	$2.5k	-	6 Year Tiered CD
0.05%^†	$2.5k	-	7 Year Tiered CD
0.05%^†	$100k	$500k	30 - 59 Day Key Jumbo CD
0.05%^†	$100k	$500k	60 - 89 Day Key Jumbo CD
0.05%^†	$100k	$500k	90 - 119 Day Key Jumbo CD
0.05%^†	$100k	$500k	120 - 149 Day Key Jumbo CD
0.05%^†	$100k	$500k	6 Month Key Jumbo CD
0.05%^†	$100k	$500k	12 Month Key Jumbo CD
0.05%^†	$100k	$500k	36 Month Key Jumbo CD
0.05%^†	$100k	$500k	48 Month Key Jumbo CD
0.05%^†	$100k	$500k	5 Year Key Jumbo CD
0.05%^†	$100k	$500k	6 Year Key Jumbo CD
0.05%^†	$100k	$500k	7 Year Key Jumbo CD
0.05%^†	$100k	$500k	120 - 149 Day Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	30 - 59 Day Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	6 Month Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	60 - 89 Day Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	90 - 119 Day Key Jumbo CD - Relationship
0.05%^†	$2.5k	$100k	60 - 89 Day Key Short Term CD - Relationship
0.05%^†	$2.5k	$100k	90 - 119 Day Key Short Term CD - Relationship
0.05%^†	$2.5k	$100k	120 - 149 Day Key Short Term CD - Relationship
0.05%^†	$2.5k	-	6 Month Tiered CD - Relationship
0.05%^†	$100k	$500k	12 Month Key Jumbo CD - Relationship
0.05%^†	$2.5k	-	12 Month Tiered CD - Relationship
0.05%^†	$100k	$500k	24 Month Key Jumbo CD - Relationship
0.05%^†	$2.5k	-	24 Month Tiered CD - Relationship
0.05%^†	$100k	$500k	36 Month Key Jumbo CD - Relationship
0.05%^†	$2.5k	-	36 Month Tiered CD - Relationship
0.05%^†	$100k	$500k	48 Month Key Jumbo CD - Relationship
0.05%^†	$2.5k	-	48 Month Tiered CD - Relationship
0.05%^†	$100k	$500k	5 Year Key Jumbo CD - Relationship
0.05%^†	$2.5k	-	5 Year Tiered CD - Relationship
0.05%^†	$100k	$500k	6 Year Key Jumbo CD - Relationship
0.05%^†	$2.5k	-	6 Year Tiered CD - Relationship
0.05%^†	$100k	$500k	7 Year Key Jumbo CD - Relationship
0.05%^†	$2.5k	-	7 Year Tiered CD - Relationship
0.05%^†	$2.5k	-	24 Month Tiered CD
0.05%^†	$100k	$500k	24 Month Key Jumbo CD
0.05%^†	$2.5k	$100k	7-31 Day Key Short Term CD
0.05%^†	$2.5k	$100k	32-59 Day Key Short Term CD
0.05%^†	$2.5k	$100k	150-179 Day Key Short Term CD
0.05%^†	$2.5k	$100k	7-31 Day Key Short Term CD - Relationship
0.05%^†	$2.5k	$100k	32-59 Day Key Short Term CD - Relationship
0.05%^†	$2.5k	$100k	150-179 Day Key Short Term CD - Relationship
0.05%^†	$2.5k	-	8 Year Tiered CD
0.05%^†	$2.5k	-	9 Year Tiered CD
0.05%^†	$2.5k	-	10 Year Tiered CD
0.05%^†	$2.5k	-	8 Year Tiered CD - Relationship
0.05%^†	$2.5k	-	9 Year Tiered CD - Relationship
0.05%^†	$2.5k	-	10 Year Tiered CD - Relationship
0.05%^†	$100k	$500k	7-13 Day Key Jumbo CD
0.05%^†	$100k	$500k	14-29 Day Key Jumbo CD
0.05%^†	$100k	$500k	150-179 Day Key Jumbo CD
0.05%^†	$100k	$500k	49 Month Key Jumbo CD
0.05%^†	$100k	$500k	8 Year Key Jumbo CD
0.05%^†	$100k	$500k	9 Year Key Jumbo CD
0.05%^†	$100k	$500k	10 Year Key Jumbo CD
0.05%^†	$100k	$500k	7-13 Day Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	14-29 Day Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	150-179 Day Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	8 Year Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	9 Year Key Jumbo CD - Relationship
0.05%^†	$100k	$500k	10 Year Key Jumbo CD - Relationship

KeyBank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*^†	$10k^*	-	7 Month Tiered IRA Special - Relationship
OTHER TIERS: 4.75% → $1k - $10k
5.00%^*^†	$10k^*	-	13 Month Tiered IRA Special - Relationship
OTHER TIERS: 4.75% → $1k - $10k
5.00%^*^†	$10k^*	-	10 Month Tiered IRA Special - Relationship
OTHER TIERS: 4.75% → $1k - $10k
4.74%^*^†	$10k^*	-	7 Month Tiered IRA Special
OTHER TIERS: 4.49% → $1k - $10k
4.74%^*^†	$10k^*	-	13 Month Tiered IRA Special
OTHER TIERS: 4.49% → $1k - $10k
4.74%^*^†	$10k^*	-	10 Month Tiered IRA Special
OTHER TIERS: 4.49% → $1k - $10k
4.25%^*^†	$10k^*	-	18 Month Tiered IRA Special - Relationship
OTHER TIERS: 4.00% → $1k - $10k
4.00%^*^†	$10k^*	-	18 Month Tiered IRA Special
OTHER TIERS: 3.75% → $1k - $10k
0.11%^†	$1k	-	18 Month Variable Rate CD IRA
0.05%^†	$1k	-	6 Month Tiered IRA
0.05%^†	$1k	-	6 Month Tiered IRA - Relationship
0.05%^†	$1k	-	12 Month Tiered IRA
0.05%^†	$1k	-	12 Month Tiered IRA - Relationship
0.05%^†	$1k	-	24 Month Tiered IRA
0.05%^†	$1k	-	24 Month Tiered IRA - Relationship
0.05%^†	$1k	-	36 Month Tiered IRA
0.05%^†	$1k	-	36 Month Tiered IRA - Relationship
0.05%^†	$1k	-	48 Month Tiered IRA
0.05%^†	$1k	-	48 Month Tiered IRA - Relationship
0.05%^†	$1k	-	5 Year Tiered IRA
0.05%^†	$1k	-	5 Year Tiered IRA - Relationship
0.05%^†	$1k	-	6 Year Tiered IRA
0.05%^†	$1k	-	6 Year Tiered IRA - Relationship
0.05%^†	$1k	-	7 Year Tiered IRA
0.05%^†	$1k	-	7 Year Tiered IRA - Relationship
0.05%^†	$1k	-	8 Year Tiered IRA
0.05%^†	$1k	-	8 Year Tiered IRA - Relationship
0.05%^†	$1k	-	9 Year Tiered IRA
0.05%^†	$1k	-	9 Year Tiered IRA - Relationship
0.05%^†	$1k	-	10 Year Tiered IRA
0.05%^†	$1k	-	10 Year Tiered IRA - Relationship