KeyBank Reviews: Checking, Savings, CD, Money Market and IRA Accounts

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Updated on Tuesday, December 1, 2020

KeyBank Checking account options

Key Advantage Checking

Earn a minimal amount of interest and get a discount on checks.

APY

Minimum Balance Amount

0.01%

N/A

0.01%

$2,500

  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $18 (waived the first three months of account opening)
  • ATM fee: None
  • ATM fee refund: Up to $6 every month when you use your KeyBank Debit Mastercard
  • Overdraft fee: $33 for the first two items and $39 afterwards

Even though you do earn a bit of interest with this account, it may not be worth it unless you intend to keep a higher deposit amount. However, if you have other accounts with KeyBank, you can waive the monthly maintenance fee. All you need to do is keep at least $10,000 across a combination of your KeyBank accounts, including savings, retirement accounts, credit cards, lines of credit or other checking accounts. You can also avoid the fee by making an autopay deduction of at least $500 each month for your KeyBank mortgage.

If you intend on making a lot of transactions, you do get 50% off checks and ATM reimbursements, which is a plus.

How to get a Key Advantage Checking account

You can open an account by filling out their application form online to open this account. Before entering your personal details, you’ll need to indicate your ZIP code and what account you want to open. Afterwards, you’ll be asked to fund your account, either via credit card, an external or existing KeyBank account.

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on KeyBank’s secure website

Member FDIC

Key Privilege Checking

Get free checks and a higher interest rate.

APY

Minimum Balance Amount

0.01%

N/A

0.01%

$100,000

  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $25 (waived for the first three months for new accounts)
  • ATM fee: None
  • ATM fee refund: Up to $6 every month when you use your KeyBank Debit Mastercard
  • Overdraft fee: $33 for the first two items and $39 for each additional

For those that have larger amounts of cash and want to maximize their earnings across all KeyBank accounts, this checking account may be for you. Account holders get free checks, ATM reimbursements and preferred rates on loans, lines of credit and CDs.

You also don’t need to pay an annual fee for being part of the KeyBank Relationship Rewards program. The rewards program allows you to earn points for things you already do, such as bill pay, ATM deposits and getting online statements. Points can go toward merchandise, travel and even cash back.

This account also helps you save money by doing automatic daily sweeps into an FDIC-insured account. How does it work? After daily transactions are reconciled, any money left in your account is automatically transferred overnight into an interest-bearing KeyBank deposit account.

How to get a Key Privilege Checking account

Anyone can open an account by filling out an application form online. You’ll need to enter your zip code and indicate the type of account you want to open, then you can enter your personal details, including your Social Security number. Afterwards, you’ll be asked to fund your account, either with a credit card, an external or existing KeyBank account.

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Member FDIC

Key Privilege Select Checking

Earn the maximum rates offered with a checking account with a whole host of other perks.

APY

Minimum Balance Amount

0.01%

N/A

0.01%

$25,000

0.01%

$100,000

  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $50 (waived for the first three months with a new account)
  • ATM fee: None
  • ATM fee refund: Yes, unlimited reimbursements.
  • Overdraft fee: $33 for the first two items and $39 for each additional

This account offers the same perks as the Key Privilege Checking account, plus you get a higher rate, unlimited ATM reimbursements, discounted services and premium rates for other KeyBank products. It’s best for those who have at least $100,000 or more in balances at KeyBank so you can take advantage of the better rates.

In order to get the maintenance fee waived, you’ll need to have at least $100,000 in this account or a combination of other KeyBank deposit and investment accounts. If you’re a [email protected] member through your employer, then you can waive the fee if you have at least $5,000 in direct deposit credited every statement period.

How to get a Key Privilege Select Checking® account

Fill out an application form in order to open an account. You’ll need to indicate what account you want to open (you can open up to three at a time) and your ZIP code. The form will ask you to enter your personal details such as name, address and Social Security number. You’ll then need to fund your account with an existing KeyBank account, an external bank account or your credit card.

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KeyBank Hassle-Free Account

Save on fees with this checking account, featuring no checks and no maintenance fee.
  • Minimum opening deposit: $10
  • Monthly account maintenance fee: $0
  • ATM fee: $2.50 for out-of-network ATMs and $5 for international ATMs
  • ATM fee refund: none
  • Overdraft fee: There is no overdraft protection with this account

This is a checkless account that allows you to pay others using online bill pay, automatic payment deductions, a credit/debit card and wire transfers. Instead of paying someone with a paper check, you use KeyBank’s bill pay feature, which is great for those who don’t want to pay for checks (or most other fees, for that matter).

Another advantage to this account is that there are no overdraft fees. Instead, a transaction will usually be declined if you do not have sufficient funds available. If this happens, KeyBank won’t charge you an overdraft fee.

You don’t earn any interest with this checking account. If you can meet the requirements to waive the monthly maintenance fees with other KeyBank checking accounts, you may want to look at those if you’re really keen on earning some interest.

How to get the KeyBank Hassle-Free Account®

You can open an account online by completing an application form on KeyBank’s website. After entering your ZIP code, you’ll need to provide your personal details and your Social Security number. After you provide your opening deposit amount from another KeyBank or external bank account, you’re good to go.

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Key Express Checking

Take advantage of a low fee account with unlimited check-writing capabilities.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: None for the first month; $7 thereafter
  • ATM fee: $2.50 for out of networks and $5 for international ATMs
  • ATM fee refund: none
  • Overdraft fee: $33 for the first two items and $39 afterwards

Just like the Hassle-Free Checking Account, this one doesn’t earn any interest. However, you do get to use paper checks with this account, as well as bill pay. Even though there is a maintenance fee, it’s fairly easy to get it waived. All you need to do is make a $500 deposit or use your account at least eight times each month. Plus, you won’t be charged the first month you have your account open.

This account offers overdraft protection. If you choose, you can ask KeyBank to process certain items into overdraft from a linked account. You will still be charged a fee, but less than if you don’t have a linked account.

How to get a Key Express Checking® account

You can open an account by filling out an application form online. You’ll need to enter your ZIP code and choose the account type you want to open. KeyBank will ask you to provide your personal details, Social Security number and your opening deposit.

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Key Student Checking

Students can learn to manage their funds with a low monthly maintenance fee.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $5
  • ATM fee: None
  • ATM fee refund: up to $6 each month for the first two transactions
  • Overdraft fee: $33 for the first two items and $39 for each additional

Parents or guardians can help their child get off on the right financial foot by helping them open their own checking account. It’s available to those between 16 and 24 years old and enrolled either in high school or post-high school education. This isn’t an interest bearing account, but students get a debit Mastercard and there are no ATM fees.

To waive the monthly fee, you’ll either need to have a minimum of $200 in deposits or make at least five transactions every month. It’s a fairly basic account, but for first-time account holders, you don’t need much else.

When your child turns 24 or four years after the account is opened, it will automatically convert into the Key Express Checking account.

How to get Key Student Checking

To open an account, you can fill out an application online. Those under the age of 18 need to open an account with a parent or guardian as the joint owner. You’ll both need to fill on your personal details and your Social Security numbers, then sign an additional supplemental agreement. Then, fund your account and you’re good to go.

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How KeyBank’s checking accounts compare

While KeyBank accounts do have some unique features, their rates fall short compared to other offerings out there. Many competitors offer much higher rates and no monthly maintenance fees. However, where KeyBank does shine is their discounted rates on loans and higher rates for loyal customers. Their rewards program may also be worth it if you make a lot of transactions which earn you a decent number of points. For those only interested in higher rates, you may want to check out MagnifyMoney’s list of the best online checking accounts.

KeyBank Savings account options

Key Active Saver Account

Potentially earn more in interest while improving your overall financial wellness.

APY

Minimum Balance Amount

0.01%

N/A

0.01%

$25,000

  • Minimum opening deposit: $50
  • Minimum balance to earn APY: N/A
  • Monthly account maintenance fee: $4
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: $10 per transfer if opted into overdraft protection

This is your standard savings account, but with an extra perk. You can earn rate bonuses if you get a high Financial Wellness Score. This is part of KeyBank’s HelloWallet program where you can assess your current financial situation, looking at your spending habits, account balance over time, income and ways to improve your score. The higher your score, the more interest you can earn on your savings account, with a maximum of 0.10% APY if your Financial Wellness score is at least 91.

Enrolling in HelloWallet will also help you waive the monthly maintenance fee as long as your score it as least one (it shouldn’t be too hard to do). Otherwise, you need to have a minimum balance of $300 or make a minimum of $5 in direct deposits or recurring online banking transfers each month

Because this is a savings account, Regulation D states that these types of accounts are limited to six withdrawals per month. If you exceed this amount, you’ll be charged $5 per transfer.

How to get a Key Active Saver Account

You can open an savings account online by filling out an application form on KeyBank’s website. You’ll be asked for your personal details such as address, Social Security number and a piece of government issued-ID to verify your identity. Afterwards, fund your account using any of the approved methods and your account will be considered opened.

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on KeyBank’s secure website

Member FDIC

Health Savings Account (HSA)

APY

Minimum Balance Amount

0.01%

$0

0.01%

$2,500

0.01%

$25,000

  • Minimum opening deposit: $0
  • Minimum balance to earn APY: $0
  • Monthly account maintenance fee: $0 with a $500 minimum or if you have KeyBank checking account; $5 if direct deposit isn’t set up; $2.50 if direct deposit is set up
  • ATM fee: none
  • ATM fee refund: none
  • Overdraft fee: none

This account is for those looking for a place to park their HSA funds, whether from an employer or their own contributions. As with any HSA account, you need to make sure you are qualified to do so, so check on the latest IRS rules and regulations. Since an employer can also contribute to this account, it’s best for those who plan on making contributions or may be switching employers, as this account will stay with you no matter who you work for.

This account does have a $25 setup fee and a $10 yearly charge if you don’t have a KeyBank checking account. You can also waive the monthly maintenance fee if you have a KeyBank checking account or you have a balance of at least $500. Although there is technically no limit to how much you can keep in the HSA, there are annual contribution limits, so check to make sure you’re not exceeding them.

How to get a Health Savings Account (HSA)

Before opening an account, determine if you’re eligible to open an HSA account (you can do so by checking the IRS website for updated rules and regulations). If you do qualify, head over to KeyBank’s online application form and fill in your personal details. Then, fund your account and you’re good to go.

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Member FDIC

Key4Kids Savings Account

Help your kids learn to manage money with this joint account.
  • Minimum opening deposit: $10
  • Minimum balance to earn APY: TBD
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

This account is good for existing KeyBank customers who want to give their children under 18 the opportunity to start learning how to manage their money. This joint account offers online and mobile banking options and the ability to earn interest.

How to get a Key4Kids Savings Account

This account can only be opened at a bank branch. Click here to see one closest to you or call 1-800-539-2968 for more information.

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How KeyBank’s savings accounts compare

While KeyBank offers premium and bonus rates, they fall short when compared to others out there. Even their highest rates are less than half of those offered by their competitors, many with low to no minimum deposit amounts. Those who just want a basic no-frills savings account with the highest rates will do better to look elsewhere, like our list of the best online savings accounts.

KeyBank CD Rates

Short-Term CD

Earn higher rates with Relationship Rewards and a longer term.

Term

APY

Relationship Rewards APY

7-31 Day

0.05%

0.05%

32-59 Day

0.05%

0.05%

60 - 89 Day

0.05%

0.05%

90 - 119 Day

0.05%

0.05%

120 - 149 Day

0.05%

0.05%

150-179 Day

0.05%

0.05%

  • Minimum opening deposit: $2,500
  • Minimum balance amount to earn APY: $2,500
  • Early withdrawal penalty: Simple interest charged depending on length of term
    • 7 to 31 days – 7 days interest
    • 32 to 89 days – 30 days interest
    • 90 to 179 days – 90 days interest

This type of account is perfect for those who have specific short-term savings goals and want to earn more than what the savings or checking accounts offer. While it’s nothing to write home about, these CDs are short enough that you don’t need to worry about keeping funds locked into an account for a long time before getting access to it.

With short-term CDs, interest is kept in the account until it matures. When your term is up, you’ll get a 10-day grace period only if the account term is 32 days or more. Otherwise, there is no grace period and the CD will automatically be renewed upon maturity. In other words, if you don’t want to pay any penalties, you need make sure you are on top of your maturity date and act accordingly.

How to get a Short-Term CD

Opening a short-term CD is the same process as with a savings account. Go to KeyBank’s website and fill out an application form. Indicate what term you are interested in and your deposit amount. Provide your personal details, fund your account and it’ll be considered open.

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Tiered CD Accounts

Higher rates than short-term CDs and competitive rates depend on length of term.

Term

APY

Relationship Reward APY

6 Months

0.05%

0.05%

12 Months

0.05%

0.05%

24 Months

0.05% to 0.05%*

0.05% to 0.05%*

36 Months

0.05% to 0.05%*

0.05% to 0.05%*

48 Months

0.05% to 0.05%*

0.05% to 0.05%*

5 years

0.05% to 0.05%*

0.05% to 0.05%*

6 Years

0.05% to 0.05%*

0.05% to 0.05%*

7 Years

0.05% to 0.05%*

0.05% to 0.05%*

8 Years

0.05% to 0.05%*

0.05% to 0.05%*

9 Years

0.05% to 0.05%*

0.05% to 0.05%*

10 years

0.05% to 0.05%*

0.05% to 0.05%*

*Tiered rates depend on deposit amount
  • Minimum opening deposit: $2,500
  • Minimum balance amount to earn APY: $2,500
  • Early withdrawal penalty: Simple interest charged depending on length of term:
    • Up to 359 days – 3 months’ interest
    • 360 days to 23 months – 6 months’ interest
    • 24 to 47 months – 9 months’ interest
    • 48+ months – 12 months’ interest

This fixed rate CD does allow you to earn a bit more interest compared to the short-term CDs, though that really depends on the length of term and your deposit amount. If you can qualify for the premium rates, even better. To qualify, account holders need to have a Key Advantage Checking®, Key Privilege Checking® or Key Privilege Select Checking® account that’s enrolled in KeyBank Relationship Rewards.

Otherwise, it’s a pretty standard CD account. Interest is compounded daily and you may be able to choose when you get it credited to your account, and whether you want interest earned paid out to another account, by check (you’ll need to have a $5,000 minimum deposit for this option) or kept in the CD until maturity. When your CD matures, you have a 10-day grace period in which you can decide what to do or else it’ll be automatically renewed.

How to get a Tiered CD Account

To open a CD account, go to KeyBank’s website and fill out an online application form. After typing in your ZIP code and the type of account you want to open, you’ll need to fill in your personal details including name, address and a piece of ID to verify your identity. You’ll then be asked to fund your account with either an external or KeyBank account.

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Member FDIC

Jumbo CDs

Available as short-term CDs but rates fall flat compared to other banks.

Term

APY

Relationship Rewards APY

7-13 Day

0.05%

0.05%

14 - 29 Day

0.05%

0.05%

30 - 59 Day

0.05%

0.05%

60 - 89 Day

0.05%

0.05%

90 - 119 Day

0.05%

0.05%

120 - 149 Day

0.05%

0.05%

150-179 Day

0.05%

0.05%

6 Months

0.05%

0.05%

12 Months

0.05%

0.05%

24 Months

0.05%

0.05%

36 Months

0.05%

0.05%

48 Months

0.05%

0.05%

5 Years

0.05%

0.05%

6 Years

0.05%

0.05%

7 Years

0.05%

0.05%

8 Years

0.05%

0.05%

9 Years

0.05%

0.05%

10 Years

0.05%

0.05%

  • Minimum opening deposit: $100,000
  • Minimum balance amount to earn APY: $100,000
  • Early withdrawal penalty: Simple interest charged depending on length of term:
    • 7 to 31 days – 7 days’ interest
    • 32 to 89 days – 30 days’ interest
    • 90 to 359 days – 3 months’ interest
    • 360 days to 23 months – 6 months’ interest
    • 24 to 47 months – 9 months’ interest
    • 48+ months – 12 months’ interest

The terms and conditions for the Jumbo CD is pretty much on par with the standard tiered CDs mentioned above.

To qualify for the Relationship Rewards APY, you’ll need to be enrolled in the KeyBank’s Relationship Reward program and have an active Key Advantage Checking, Key Privilege Checking or Key Privilege Select Checking® account.

For account terms higher than 180 days, you can choose whether to get interest paid out monthly or at maturity. You will get a 10-day grace period in which to decide what to do, unless your CD term is less than 32 days. If that’s the case, your account automatically renews upon maturity.

KeyBank will convert your account to a standard fixed rate CD if your account balance falls below $100,000.

How to get a Jumbo CD

Fill out an online application at KeyBank’s site to open a Jumbo CD account. You’ll need to indicate your ZIP code and choose the terms and deposit amount. Afterwards, fill in your personal details, fund your account and your Jumbo CD is open.

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How KeyBank’s CD rates compare

Unfortunately, KeyBank’s CDs fall short compared to the best offerings out there. Even with the Relationship Rewards rates, competitors still offer higher rates and lower deposit minimums. However, where KeyBank shines is their short-term CDs. If you intend on parking your cash for a short period of time, these may be a good option. Otherwise, it may pay to shop around to see what the current best CD offers are.

KeyBank Money Market account options

Key Silver Money Market Savings Account

Earn higher rates with the promotional APY or with KeyBank’s Relationship Rate.

APY

Promotional APY

Relationship Rate APY

Minimum Balance Amount

0.01%

0%

0.01%

N/A

0.01%

0%

0.02%

$5,000

  • Minimum opening deposit: $50 ($5,000 for promotional rate)
  • Minimum balance amount to earn APY: $0
  • Monthly account maintenance fee: $12
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

Those who are looking for a money market account that doesn’t require a large minimum opening deposit will benefit the most from the Key Silver account. While the minimum opening deposit is fairly low, account holders will benefit the most if they can make the $5,000 minimum, which is a bit steep compared to other banks with their standard APYs. Still, it’s higher than their regular savings account so you may want to consider giving this account a try.

Just like with all savings accounts, Federal Reserve rules limit customers to six withdrawals per statement cycle. If you go above that, KeyBank will charge you $15 per withdrawal. Although the monthly maintenance charge seems a bit steep for what you get, you can easily waive it if you have an active personal relationship package checking account, make a minimum of $25 in recurring transfers into the account or keep a daily balance of at least $500 every month.

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Member FDIC

Key Gold Money Market Savings® Account

Get limited check-writing capabilities at the expense of

APY

Promotional APY

Relationship Rate APY

Minimum Balance Amount

0.01%

0%

0.05%

$0

0.01%

0.52%

0.05%

$5,000

  • Minimum opening deposit: $25,000
  • Minimum balance amount to earn APY: $0
  • Monthly account maintenance fee: $18
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: $33 for the first two items and $39 afterwards. $15 per transfer if opted into overdraft protection

This money market account could be worth if you can qualify for the bonus rate. To do so, you’ll need to keep a minimum of $25,000 in your account and have either an active Key Advantage, Key Privilege or Key Privilege Select Checking account. Otherwise, it’ll either drop to the standard or relationship rate APY. It’s the same requirements to waive the monthly maintenance fee.

As with all savings accounts, you’re limited to six withdrawals per month. After that and you’ll be charged $15 per transfer.

How to get a KeyBank money market accounts

To open a money market account you can full out an application form on KeyBank’s website. Type in your ZIP code and the type of money market you want to open. Then you’ll be directed to a form where you’ll need to enter your personal details and a way to fund the money market account from another bank.

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on KeyBank’s secure website

Member FDIC

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How KeyBank’s money market accounts compare

Even with the added perk of check-writing capabilities, KeyBank’s money market accounts fall short compared with what’s available out there. Many of their competitors have lower minimum opening deposits and way higher rates. Some even offer limited check- writing and ATM access. If you’re after the best rates, you’re better off checking our list of the best money market rates.

KeyBank IRA options

IRA CD rates

Fixed Rate IRA CD

Get premium rates if you have select KeyBank checking accounts.

Term

APY

Relationship Reward APY

6 Months

0.05%

0.05%

12 Months

0.05%

0.05%

24 Month

0.05% to 0.05%*

0.05% to 0.05%*

36 Months

0.05% to 0.05%*

0.05% to 0.05%*

48 Months

0.05% to 0.05%*

0.05% to 0.05%*

5 Years

0.05% to 0.05%*

0.05% to 0.05%*

6 Years

0.05% to 0.05%*

0.05% to 0.05%*

7 Years

0.05% to 0.05%*

0.05% to 0.05%*

8 Years

0.05% to 0.05%*

0.05% to 0.05%*

9 Years

0.05% to 0.05%*

0.05% to 0.05%*

10 Years

0.05% to 0.05%*

0.05% to 0.05%*

*Tiered rates depend on deposit amount
  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: You’ll be charged simple interest depending on term of CD:
    • 12 months or less – 3 months’ interest
    • 13 to 3 months – 6 months’ interest
    • 24 to 47 months – 9 months’ interest
    • 48+ months – 12 months’ interest

As you can see in the chart above, KeyBank’s IRA CD rates can vary widely depending on the term. You can qualify for the premium rates if you have an active Key Advantage, Key Privilege or Key Privilege Select checking account. As long as you maintain those accounts, your CD will automatically renew to the premium rates upon maturity.

Sure, the rates for the shorter terms seem abysmal, but it could be a good way to get a better rate than a regular savings or checking account if you don’t need to access your cash for a few months. If you already have the above mentioned checking accounts, the rates aren’t too shabby either.

When your account matures, you have a 10-day grace period in which to decide what to do. Otherwise, your CD will automatically be renewed. Also, you’ll be charged a $25 annual fee each June unless you’re a Key Privilege member and you have less than $1,000 in your CD or in your combined accounts during the last 10 days of June.

How to get KeyBank’s Fixed Rate IRA CDs

Anyone can open an IRA CD account online. Head over to their online application form and indicate your ZIP code and the CD term you want. Fill in your personal details (including your Social Security number) and fund your account.

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Variable Rate IRA CD

Possibly earn higher rates with positive market adjustments.

Term

APY

18 months

0.11%

  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: 6 months’ simple interest

If you’re willing to be on increasing rates, you may want to give this CD a shot. With a fairly low minimum opening deposit, interest compounds daily and is credited monthly to your account. There aren’t limits on how much the interest rate may change, meaning it could go as high (or low) as determined by KeyBank. You can deposit as much as you want (up until IRA contribution limits) after you open your account up to six days before maturity.

Upon maturity, your account will automatically renew unless you decide to make a change during the 10 day grace period. You may be charged a $25 annual fee unless you’re a Key Privilege member and you have less than $1,000 in your CD or you have that amount across your KeyBank accounts during the last 10 days of June.

How to get KeyBank’s Variable Rate IRA CDs

Head over to KeyBank’s website and fill out an online application form and indicate your ZIP code and the CD term you want. Fill in your personal details (including your Social Security number) and fund your account.

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How KeyBank’s IRA CD rates compare

Depending on the term you choose, KeyBank’s rates aren’t too far off compared other banks and credit unions. For those who are Key Privilege members, it makes sense to take advantage of the premium rates. Unfortunately, their rates still fall short compared to other IRA CD rates out there. Most have low minimum deposit requirements, so check out our list of the best IRA CD rates to shop around.

IRA money market account

Grow your retirement savings with a variable rate account.

Term

Minimum Balance Amount

0.15%

$500

  • Minimum opening deposit: $500
  • Minimum balance to earn APY:
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

This account has a variable rate that allows you to earn interest daily and compounds monthly. You can make as many deposits as you want up to the IRS guidelines. Unlike the IRA CD, there is no maturity date and the interest rate can fluctuate with no limits at any time.

While there technically isn’t an early withdrawal penalty, you’re only allowed six withdrawals each month per Federal Reserve banking regulations. KeyBank will need at least seven days notice before you make any withdrawals. You may also be subject to a penalty if you make withdrawals before age 59½.

How to get KeyBank’s money market IRA account

You can open a money market IRA account by filling out an online application form on KeyBank’s website. You’ll be asked to enter your ZIP code, the type of account you want to open and your personal details. Your account will be considered opened once you fund it.

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on KeyBank’s secure website

Overall review of KeyBank’s banking products

KeyBank does offer some unique perks such as their Relationship Rewards program, checkless checking, and short term CDs. If you’re a current KeyBank customer and want to take advantage of premium rates and other types of discounts, their products may a good choice. However, if you’re after the best rates, you may be better off looking elsewhere, particularly for their savings and checking accounts.