KeyBank Bonus: Key Select Money Market Savings® Earn An Impressive Bonus Interest Rate For 6 Months

Introduction

The Key Select Money Market Savings® account from KeyBank offers an attractive bonus incentive, combining a high-interest rate opportunity with the flexibility and security of a money market account.

Read on for the essential details about this KeyBank bonus offer.

Key Select Money Market Savings® Earn High Yield Bonus Interest Rate

The Key Select Money Market Savings® offers an exceptional opportunity for savers to substantially increase their earnings with an attractive interest rate of 4.50% (2.90% blended APY*) for the first 6 months, applicable on balances ranging from $25,000 to $1,999,999.99.

This promotional offer requires an increase in total relationship balances by at least $25,000, catering to individuals looking to consolidate their banking and savings with KeyBank.

Here are the details:

• Promotional Interest Rate: Earn a competitive interest rate of 4.50% (2.90% blended APY*) for the first 6 months on balances ranging from $25,000 to $1,999,999.99. This rate applies when there’s an increase in total relationship balances of at least $25,000.
• Minimum Deposit Requirement: Open your account with a minimum deposit of $5,000, making it accessible for those ready to invest a substantial amount into their savings.
• Waivable Monthly Maintenance Fee: Waive the $20 monthly maintenance fee when you have either a KeyBank consumer relationship package checking account or a minimum daily balance of $25,000.
• Tiered Interest Rates: Enjoy tiered interest rates based on your account balance, compounded daily to maximize your savings growth over time.

(Rates vary by locations. Click offer link to find the rates for your area.)

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Key Select Money Market Account Features

The Key Select Money Market Savings® account by KeyBank is designed with a suite of features that cater to the needs of savers looking for flexibility, security, and growth in their financial management.

Here are some of the features of this account:

Relationship Benefits

KeyBank rewards its customers with Relationship Benefits. Key Select Money Market account holders can enjoy better interest rates on their savings and money market accounts, alongside perks such as cash back, discounts on loans, and more.

Early Pay

Eligible direct deposits into a KeyBank account can be accessed up to two days early, providing a financial buffer that can be crucial in tight situations or simply for better cash flow management.

Competitive Interest Rates

KeyBank’s Select Money Market account offers competitive interest rates, compounded daily. This approach to interest calculation ensures that your savings grow consistently, leveraging the power of compounding to enhance your financial growth over time.

Waivable Monthly Maintenance Fee

To waive the monthly maintenance fee, you need to have either a KeyBank consumer relationship package checking account or a minimum daily balance of $25,000.

Check Writing and Transfers

KeyBank provides an unlimited number of withdrawals and transfers, including check writing capabilities.

Secure, Easy Online Banking

KeyBank offers robust online and mobile banking options, allowing you to check balances, make deposits, and manage your account seamlessly, anytime and anywhere.

Overdraft Protection

Link a savings account to your checking account to automatically cover overdrafts without a transfer fee.

FDIC Insurance

KeyBank’s Select Money Market account is FDIC insured, providing peace of mind that your savings are protected up to the maximum allowable limits.

These features make the Key Select Money Market Savings® account an attractive option for those seeking a high-yield savings account with the flexibility of a checking account, coupled with the safety and security offered by a reputable financial institution like KeyBank.

About KeyBank

KeyBank, a subsidiary of KeyCorp, is a regional bank headquartered in Cleveland, Ohio, and stands as one of the largest banks in the United States. With a rich history that dates back over 190 years, KeyBank has grown through numerous acquisitions and expansions to establish a significant presence across the country. They operate branches in several states across the United States, primarily in the Northeast, Midwest, Rocky Mountains, and Pacific Northwest regions. The states where KeyBank has a notable presence include:

• Alaska
• Colorado
• Connecticut
• Idaho
• Indiana
• Maine
• Massachusetts
• Michigan
• New York
• Ohio
• Oregon
• Pennsylvania
• Utah
• Vermont
• Washington

KeyBank’s network includes hundreds of branches and ATMs, offering a wide range of banking services to individuals, small businesses, and commercial clients. The bank’s footprint allows it to serve a diverse clientele across various geographic locations, providing them with access to banking services, financial advice, and digital banking solutions.

More KeyBank Bonus Offers

Beyond the Key Select Money Market Savings account bonus, KeyBank has other bank bonus offers available.

Read about these other offers here:

• Key Smart Checking®
• Key Select Checking®

Our Take on the Offer

KeyBank’s Key Select Money Market Savings® account is a compelling option for those who can meet the initial deposit and balance requirements. It offers a rare combination of high yield, flexibility, and security, making it a wise choice for savers aiming to make the most out of their high-balance savings in the short to medium term.

Rates vary by locations. Click offer link to find the rates for your area.

By John Huynh, with over two decades in finance and investing, including as a Senior Finance & Operations Manager at a renowned research institute and degrees in Economics and International Studies from UC Irvine. Edited by Tony Jay, a seasoned finance blogger and Executive Editor with two decades in banking, specializing in online banking and savings strategies. Tony holds a doctorate from Tulane University.