About KeyBank
KeyBank is an Ohio regional bank and one of the largest banks in the US. KeyBank can trace its history back to the founding of the Society For Savings in 1849. KeyBank was formed in 1994 with the merger of Society Corporation and KeyCorp. The bank operates more than 1,000 branches and more than 45,000 ATMs (KeyBank and Allpoint) in 15 states: Alaska, Oregon, Washington, Idaho, Utah, Colorado, Michigan, Indiana, Ohio, Pennsylvania, New York, Vermont, Connecticut, Rhode Island, and Maine.
KeyBank Overview
KeyBank is a large regional bank with a strong presence in 15 states in the Midwest and Northeast regions of the U.S. It offers a wide range of banking products and services, including checking accounts, CDs, money market accounts, and savings accounts. KeyBank also has a comprehensive and easy-to-use website and mobile app.
| Access to more than 45,000 ATMs nationwide via the Allpoint network and KeyBank ATMs. | Low APYs on the majority of its products. |
| Little to no minimum opening deposits for most checking, money market, and savings accounts. | Only operates in 15 states in the Midwest and Northeast. |
| More than 1,000 branches available in 15 states. | Certain fees can be higher than average. |
KeyBank Product Offerings
Savings Accounts
KeyBank offers several savings accounts, including a Health Savings Account, with little to no opening deposits required. All have monthly service charges that can be waived by meeting certain minimum account balance requirements. Here are the latest savings account details for June 2025:
Checking Accounts
KeyBank offers several different personal checking accounts. Most of the checking accounts offer APYs below the national average of 0.01% for checking accounts. All accounts have a no or low monthly service charge that can be waived by maintaining a minimum average daily balance, and all have low to no minimum opening deposit requirement. Here are the latest account details for June 2025:
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. KeyBank offers CDs ranging from one month up to eight months. It only offers a competitive APY on its 8-month CD, but the rest are at or below the national average. Here are some of their best CD offerings for June 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. KeyBank offers a personal and business money market accounts, both of which offer check-writing privileges, six monthly withdrawals, and low APYs. Here are the account details for June 2025:
Bank Fees
Overdraft fee: $20 per overdraft; If at the end of the day your account is overdrawn by more than $20 for 5 consecutive business days, an additional $20 fee will be assessed.
Savings and Money Market Account withdrawals: $3 per excess withdrawal
Account closure fee: $25 if account is closed within 180 days of account opening.
Wire transfer fee: Domestic - Incoming is $0 and outgoing is $30; International - Incoming is $0 and outgoing is $45
Non-network ATM fee: $3
Monthly service charge: $4-$25 depending on the type of account
Stop payment fee: $34
Paper statement fee: $3; Waived with a $500 minimum average daily balance
KeyBank Features
KeyBank's customer service line is available Monday through Friday from 7 a.m. to 12 a.m. EST and on Saturdays from 8 a.m. to 9 p.m. The bank offers a comprehensive and easy-to-use website and mobile map to make managing your account as easy as possible.
KeyBank FAQs
Our Take
KeyBank is a good bank for customers in Alaska, Oregon, Washington, Idaho, Utah, Colorado, Michigan, Indiana, Ohio, Pennsylvania, New York, Vermont, Connecticut, Rhode Island, and Maine. It offers numerous checking and savings accounts with low fees and low minimum opening deposits, which makes having an account relatively easy and convenient. It offers one good promotional CD with a competitive APY. For the most part, it is similar to most large banks that offer a few promotional products but, in general, offer little to no yields on the majority of their banking products.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.