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  KeyBank Key Silver Money Market Savings Account

KeyBank Key Silver Money Market Savings Account

in Money Market Accounts from KeyBank National Association · fdic

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KeyBank Key Silver Money Market Savings Account

Unaffiliated

in Money Market Accounts from KeyBank National Association · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.1% - 0.45%
APY Minimum Balance $0
Minimum Opening Deposit Starting at $50

KeyBank Key Silver Money Market Savings Account Review

KeyBank Key Silver Money Market Savings Account is offered by KeyBank National Association, a bank founded in 1929 and based in Cleveland, OH. KeyBank Key Silver Money Market Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.45%, which is much higher than the national average for a money market account.
  • No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
  • Charges a monthly fee. This account charges a monthly service fee of $12, but the fee is waived if you keep a minimum balance of $5,000.
  • Small minimum initial deposit. You only need $50 to open an account.
Pros & Cons of KeyBank Key Silver Money Market Savings Account
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
  • Does not provide a debit card.
  • Monthly service charge.
KeyBank Key Silver Money Market Savings Account FAQ

Are money market accounts from KeyBank National Association federally insured?

Yes, your KeyBank National Association money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for KeyBank Silver money market savings rates?

KeyBank Silver money market savings offers an APY starting at 0.1% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change).

KeyBank Silver money market savings Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.1% - 0.45%

What are the fees for KeyBank Key Silver Money Market Savings Account?

This account charges a monthly maintenance fee of up to $12. You can avoid this fee by maintaining a balance of $5,000.

KeyBank National Association will charge you a $15 fee if you exceed your maximum number of monthly transactions.

KeyBank Key Silver Money Market Savings Account Fees
Fees Amount
Monthly Fee up to $12
Paper Statement Fee N/A
Excess Transaction Fee $15

What is the minimum balance for KeyBank Silver money market savings?

Minimum deposit of $50. You must make an initial deposit of at least $50 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $5,000.

What features and perks does KeyBank Silver money market savings offer?

This account includes the following features:

  • Check Writing - KeyBank Silver money market savings includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - KeyBank National Association monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this business card is (800) 539-2968.

How to open an account with KeyBank National Association

  • Visit the KeyBank National Association website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $50
Monthly Fee $12
Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.1% - 0.45%
Dividend Compounding Frequency Daily

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