KeyBank Key Active Saver Account

KeyBank Key Active Saver Account Review

KeyBank Key Active Saver Account is offered by KeyBank, a financial services company founded in 2009 and based in Washington DC, . KeyBank Key Active Saver Account are available in 15 states across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.01%.
• $0 monthly account fees available. This account charges a monthly service fee of up to $4.
• Small minimum initial deposit. You only need $10 to open an account.
• No ATM fees. KeyBank Key Active Saver Account does not charge fees on ATM transactions.

Keybank savings account Pros & Cons

Pros	Cons
Interest-yielding account. Access to physical branches.	No signup bonus. Does not come with a debit card Not FDIC-insured. Only available in 15 states. Higher than average wire transfer fees. Monthly service charge.

Keybank savings account FAQ

Are savings accounts from KeyBank federally insured?

No, your KeyBank savings accounts are not insured by a federal insurance agency. This means that if KeyBank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

Does KeyBank offer a signup bonus?

Keybank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Keybank savings account?

The minimum deposit to open a Keybank savings account is $10.

KeyBank Key Active Saver Account Minimums

Description
Minimum Opening Deposit	Starting at $10

What APY does KeyBank Key Active Saver Account offer?

Keybank savings account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Keybank savings account charge?

Keybank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $30 fee.
• Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Keybank savings account charges a $25 fee for an early account closure. Contact Keybank savings account for more details on what is considered an early closure.

What features and perks does Keybank savings account offer?

This savings account includes the following features:

• Fraud monitoring - Keybank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Keybank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Keybank savings account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Keybank savings account?

The customer support email for Keybank savings account is customerservice@key.com.