Latest KeyBank Deals, Rewards, Specials, and Vouchers: July 2024
KeyBank, based in Cleveland, offers a range of community banking services in 15 states. To attract new customers, they frequently run promotions that can earn you significant bonuses.
It’s worth checking out the latest KeyBank bonuses, as they offer some of the best deals for new customers.
### KeyBank Promotions and Bonuses
Opening a checking or savings account with KeyBank can be an easy way to earn some extra cash. Here are the details:
#### Key Select Checking: $100 Bonus
With Key Select Checking, you can earn a $100 bonus each year by meeting certain criteria. This account also earns interest. You can start with as little as $50. Here’s how to get the bonus:
– **Bonus Amount:** $100
– **Minimum Deposit:** $60,000
– **How to Qualify:** Open a qualifying checking account and receive direct deposits totaling at least $60,000 over a 12-month period, starting from the third statement period after opening the account. At least one direct deposit must be received in the last 60 days of this period.
– **When You’ll Get It:** The bonus is deposited within 30 days after meeting the requirements.
– **Terms and Conditions:** Qualifying direct deposits include payroll, Social Security, pension, and government benefits.
– **Monthly Fees:** $25, which 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 deposits.
#### Key Smart Checking: $300 Bonus
Key Smart Checking offers a straightforward checking account without minimum balance requirements or monthly fees. If your account is overdrawn by $20 or less by the end of the day, you won’t incur an overdraft fee. Here’s how to earn the $300 bonus:
– **Bonus Amount:** $300
– **Minimum Deposit:** $1,000
– **Expiration Date:** Dec. 20, 2024
– **How to Qualify:** Open a qualifying checking account before the promotion expires and use the code provided on the offer page. Receive at least one direct deposit totaling $1,000 or more within 60 days of opening the account.
– **When You’ll Get It:** The bonus is deposited within 90 days after meeting the requirements.
– **Terms and Conditions:** Qualifying direct deposits include payroll, Social Security, pension, and government benefits. Customers can earn a maximum of one bonus, redeemable online only.
– **Monthly Fees:** $0
#### Key Select Money Market Savings: 4.50% Interest Rate Bonus
For those with significant savings, the Key Select Money Market Savings account offers up to a 4.50% interest rate (2.93% blended) bonus for six months on qualifying balances. You can access your money anytime with unlimited withdrawals and transfers. Here are the details:
– **Interest Rate:** Up to 4.50% (2.93% blended APY)
– **Minimum Deposit:** $25,000
– **How to Qualify:** Open a Key Select Money Market Savings account and deposit at least $25,000 in outside funds. Maintain this balance to keep the bonus interest rate.
– **When You’ll Get It:** The bonus APY is applied for six months and is compounded daily for maximum return.
– **Terms and Conditions:** The interest rate is variable. If the balance drops below $25,000, the bonus rate reverts to the current variable rate until the requirement is met again. The bonus rate is valid for six months.
– **Monthly Fees:** $20, which can be waived by maintaining a daily balance of $25,000 or having a KeyBank consumer relationship package checking account.
### Are KeyBank Promotions Right for You?
KeyBank offers a wide range of banking products for both personal and business customers. While the bonuses are attractive, make sure the bank’s products and services align with your financial goals. Also, consider if you can meet the requirements to waive monthly maintenance fees, which can add up quickly. For more details, check out a review of KeyBank.
Information on promotions is accurate as of July 5, 2024, and terms may change.