KeyBank Key Active Saver Account

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 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

Keybank savings account FAQ

Are savings accounts from KeyBank federally insured?

Does KeyBank 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.

What APY does KeyBank Key Active Saver Account offer?

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?

• 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?

• 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?