Newest KeyBank Promotions, Bonuses, Offers and Coupons: October 2024
Written by
Cynthia Measom
Edited by
Melanie Grafil
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Headquartered in Cleveland, KeyBank offers a host of community banking services in 15 states throughout the country. Like many banks, KeyBank regularly runs promotions to attract new customers. Banks are willing to pay you for your business, and you can potentially earn hundreds by taking advantage of their promotions.
It’s worth the time to check out the latest KeyBank bonuses. These promotions were selected as highlights of some of the best KeyBank promotions available for new customers.
KeyBank Promotions and Bonuses
Checking and savings account bonuses are an easy way to make some extra cash. Read on for the details.
Key Select Checking: $100 Bonus
Key Select Checking not only allows you to earn a $100 bonus each year for meeting qualifications, but it’s also an interest-bearing account. Open an account for as little as $50 to start working toward the $100 annual bonus. Here’s how:
- Cash value: $100
- Minimum deposit to qualify: $60,000
- Expiration date: N/A
- How to get it: Open a qualifying checking account. Have direct deposits totaling at least $60,000 over the account’s 12-month evaluation period, which begins with the third statement period after you open your account. At least one direct deposit must be received during the last 60 days of the evaluation period.
- When you’ll get it: The bonus is deposited within 30 days of the end of the evaluation period.
- Terms and conditions: Qualifying direct deposits include deposits from payroll, Social Security, pension and government benefits.
- Monthly fees: $25, but can be waived by maintaining a combined minimum balance of $15,000 in KeyBank accounts or receiving at least $5,000 a month in direct deposit transactions
- Promotion page: Key Select Checking bonus offer
Key Smart Checking: $300 Bonus
KeySmart Checking gives you what you want and skips what you don’t want in a checking account. There are no minimum balance requirements or monthly service fees. And if your account is overdrawn $20 or less by the end of the day, you won’t incur an overdraft fee. Here’s how to earn the bonus:
- Cash value: $300
- Minimum deposit to qualify: $1,000
- Expiration date: Dec. 20, 2024
- How to get it: Open a qualifying checking account before the promotion expiration date. Make sure you use the code provided on the offer page. Then receive at least one direct deposit within 60 days of opening the account. The deposit should total $1,000 or more.
- When you’ll get it: The bonus is deposited within 60 days after you meet the requirements.
- Terms and conditions: Qualifying direct deposits include deposits from payroll, Social Security, pension and government benefits. Customers can earn a maximum of one bonus. The offer is redeemable online only.
- Monthly fees: $0
- Promotion page: Key Smart Checking bonus offer
Key Select Money Market Savings: Interest Rate Bonus
If you have a considerable amount of cash that you don’t want to tie up in a certificate of deposit, the Key Select Money Market Savings account offers up to a interest rate ( blended APY) bonus for six months on qualifying balances. Additionally, you can access your money at any time via unlimited withdrawals and transfers. Here are the details:
- Cash value: Up to interest rate ( blended APY)
- Minimum deposit to qualify: $25,000
- Expiration date: None
- How to get it: Open a Key Select Money Market Savings account. Deposit at least $25,000 of outside funds into the account or other eligible KeyBank accounts, including personal checking, savings and CD accounts that make up your total relationship with KeyBank. Maintain at least a $25,000 balance.
- When you’ll get it: You’ll receive the bonus APY for six months. The rate is compounded daily for the highest possible return.
- Terms and conditions: The interest rate is variable. If you don’t maintain at least $25,000 in new funds, the bonus interest rate will return to the current variable interest rate until you meet the requirements. This bonus interest rate is only valid for six months.
- Monthly fees: $20, but can be waived by maintaining a minimum daily balance of $25,000 or having a KeyBank consumer relationship package checking account
- Promotion page: Key Select Money Market Savings bonus offer
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Are KeyBank Promotions Right for You?
There’s plenty to like about KeyBank. It offers a full suite of banking products for personal and business customers.
Getting a bonus is a great incentive, but it shouldn’t be the only deciding factor when you’re choosing a new bank. You need a bank that offers the products and services you need to reach your financial goals. Also, you should consider whether you can meet KeyBank’s requirements to waive monthly maintenance fees, which can add up fast. To learn more about what the bank offers, check out GOBankingRates’ review of KeyBank.
Julia Gordon contributed to the reporting for this article.
Information on promotions is accurate as of Oct. 11, 2024. Additional requirements may apply. Offers and terms are subject to change.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
This article has been updated with additional reporting since its original publication.
