Jumbo CDs offer slightly higher yields on some terms with minimum deposits of $100k.Tiered CDs with terms ranging from 6 months to 10 years.Short Term CDs with customizable terms ranging from 7 to 179 days.Earn the best rate when you open their 13 month promotional CD with a Jumbo deposit of $100,000 or more plus an existing checking account ( 4.50% APY). KeyBank’s CD Accounts – The 4 types of fixed-rate CDs sold at KeyBank are: There are 4 types of CDs offered at KeyBank as well as 1 money market account and 3 savings account options. This includes their CDs and savings accounts. For the purpose of this review, we will focus on KeyBank’s fixed and variable rate, interest-bearing deposit accounts. They have 1,200 branches and 1,500 ATMs within 15 states and only accept consumer deposits within that territory.įor consumers within their regional coverage, KeyBank offers a full suite of FDIC-insured deposit accounts complete with checking, money market, certificates of deposit and savings accounts. PT).KeyBank is a mid-sized, regional bank that operates both online and offline. It also provides extended customer service hours via online chat when you sign into your account Monday through Friday from 7 a.m. You can schedule an appointment for in-person assistance at a bank branch. KeyBank offers 24/7 live telephone customer support. A recurring overdraft fee of $20 will be charged for accounts that remain in negative balance after five business days.Įarly withdrawal penalties range from seven days to 12 months of simple interest, depending on the CD’s term. Overdraft protection is available for any account that is linked to an eligible savings account or credit product through KeyBank. KeyBank charges a $20 nonsufficient funds fee for any overdrafts of checking or money market accounts that exceed $20. The website reviews are mixed, but a quick chat with a financial professional can be a good place to start on the path to financial wellness. You can also sign up for a free, 30-minute Financial Wellness Review of your finances and goals with a personal banker. Round-the-clock customer service is available, too. KeyBank offers a full suite of deposit accounts with mobile banking tools that allow mobile check deposits, online bill pay and external money transfers. Limited bonus rate offer: Requirements to qualify for promotional rates are complicated with a limited timeframe allowed to qualify. Overdraft fees apply: Overdraft fees apply to checks of more than $20. High initial balance: The $5,000 minimum is higher than many other banks. This includes automatic bill pay and transfers between KeyBank accounts. Excess withdrawal or transfer fee: A $15 fee will be applied to any transfers or withdrawals beyond seven transactions per month.Low rates: Deposit account rates aren’t competitive with other banks.Out-of-network ATM fees: KeyBank doesn’t reimburse non-network ATM fees. Limited number of bank branches: Residents outside of KeyBank’s 15-state service area aren’t eligible to open accounts.24/7 customer service: Available through live phone assistance and extended chat support hours in addition to in-person appointments.Secure online and mobile banking: Robust mobile app allows transactions such as mobile check deposits and external transfers.Overdraft protection: There are no fees applied to overdraft checks under $20.Free ATMs: There are more than 40,000 ATMs with no surcharges for withdrawals made at KeyBank and Allpoint networks.Do, however, expect a $3 charge for non-network ATM transactions domestically and $5 internationally. KeyBank has a large network of free ATMs, but don’t expect to be reimbursed for non-network ATM fees. This Cleveland-based bank only offers its robust mobile app and online banking tools to residents within its geographic footprint. The bank operates more than 1,000 branches across 15 states crisscrossing the US from Washington to Connecticut. KeyBank is a national bank that provides a wide variety of deposit accounts - many with high fees and low rates.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |