KeyBank Key Active Saver Account Review

KeyBank Key Active Saver Account is offered by KeyBank National Association, a bank founded in 1929 and based in Cleveland, OH. KeyBank Key Active Saver Account is offered in 15 states across the USA.

Are savings accounts from KeyBank National Association federally insured?

Yes, your KeyBank National Association savings 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 APY does KeyBank National Association offer?

KeyBank Key Active Saver Account offers an APY starting at 0.01% and ranging up to 0.1% (APY stands for annual percentage yield, rates may change).

What features and perks does KeyBank Key Active Saver Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Fraud monitoring - KeyBank Key Active Saver 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 Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
• Nationwide ATM network - Withdraw money and check your balance from wherever you are.

What fees does KeyBank Key Active Saver Account charge?

KeyBank Key Active Saver Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $10. Avoid the monthly fee by setting up a direct deposit of at least $5.

• Outgoing domestic bank transfers come with a $30 fee.
• Outoing 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 Key Active Saver Account charges a $25 fee for an early account closure. Contact KeyBank Key Active Saver Account for more details on what is considered an early closure.
• KeyBank Key Active Saver Account charges $3 every time you request a paper statement.