If you are looking to grow your savings in a highly precise and more secure manner, there is nothing more credible step than intelligently investing in a Certificate of Deposit. For making your investment without any risk associated, the KeyBank could be a savvy move. 

KeyBank has CD options that particularly provide a more authentic blend of safety, flexibility, and attractive yields. In the section below, let’s explore the detailed perspective of what KeyBank has to offer and how you can take advantage of these rates in terms of well-informed financial decisions.

Keybank CD Rates Offers 

To help you out, some of the most popular CD offers by Keybank are; 

High-Yield CD Offer

  • Term Length: 12 months
  • APY (Annual Percentage Yield): 4.60%
  • Minimum Deposit: $5,000

Key Considerations:

  • Ideal for short-term savings goals.
  • Higher than average minimum deposit requirement.
  • Competitive APY for a one-year term.
Competitive APY for a one-year CD.Higher minimum deposit of $5,000.
Interest compounded daily.Early withdrawal penalty of six months of interest.
Ideal for short-term savings.Limited to those who can commit funds for a full year.

 Long-Term Growth CD

  • Term Length: 24 months
  • APY: 4.75%
  • Minimum Deposit: $2,500

Key Considerations:

  • Suitable for those looking to lock in a higher rate for a longer period.
  • Balances growth potential with a moderate term length.
  • Offers a slightly higher yield for a longer commitment.
Higher APY for longer savings.Nine months of interest as an early withdrawal penalty.
Moderate term length offers flexibility in medium-term planning.$2,500 minimum deposit may be high for some savers.

 Max Yield CD Offer

  • Term Length: 36 months
  • APY: 4.85%
  • Minimum Deposit: $10,000

Key Considerations:

  • Designed for savers with a longer-term outlook.
  • Highest minimum deposit, aimed at more serious savers.
  • Maximizes interest earnings over the term length.
Highest APY among the offers for increased earnings over time.Highest minimum deposit requirement at $10,000.

 Collective Comparison CD Rates in Table

The following comparison table will help the investors to directly compare the key features and considerations of each CD option side by side.

Feature / OfferHigh-Yield CD (12 Months)Long-Term Growth CD (24 Months)Max Yield CD (36 Months)
Minimum Deposit$5,000$2,500$10,000
Interest CompoundedDailyDailyDaily
Early Withdrawal PenaltySix months of interestNine months of interestTwelve months of interest
Points to Ponder– Competitive APY for short term- Ideal for short-term savings– Higher APY for longer savings- Moderate term flexibility– Highest APY for increased earnings- Suitable for long-term planning

Are KeyBank CD Rates Competitive?

To seek the most considerable competition for the KeyBank CD rates, the investor should make a thorough analysis by reviewing the comparison options available in the fluctuating landscape. They are competitive, especially in an environment where investors are seeking secure and profitable havens for their funds. 

Moreover, with the considerable offerings the feature APYs are higher than 4.50%. In this regard, KeyBank positions itself as an attractive option for individuals by maximizing their earnings on short-term to medium-term investments. 

Apart from all this, these rates are effectively compelling when compared to the national average for CDs. This comparison highlights KeyBank’s commitment to providing value to its customers through higher yield opportunities.

How Do KeyBank CD Rates Compare?

When comparing KeyBank CD rates to those of other financial institutions, KeyBank’s offerings stand out for savers focused on obtaining higher yields on their deposits. 

The bank’s CD rates are designed to cater to a range of savings goals, from short-term to long-term, with APYs that are competitive within the market. 

This makes KeyBank a viable choice for savers who prioritize stability and solid returns over the term of their investment.

How Much You Can Earn With KeyBank CD Rates?

The potential earnings from KeyBank CD rates can vary significantly based on the term length, the amount invested, and the specific APY offered. Below is a basic overview and approximate earnings for the CD offers.

CD OfferTerm LengthAPYMinimum DepositPotential Earnings
High-Yield CD (12 Months)12 months4.60%$5,000$230
Long-Term Growth CD (24 Months)24 months4.75%$2,500$237.50
Max Yield CD (36 Months)36 months4.85%$10,000$1,455

Overview of KeyBank

KeyBank, tracing its roots back to 1825 with the founding of the Society for Savings in Cleveland, Ohio, stands as one of America’s largest bank-based financial services companies.

It boasted assets of approximately $170.5 billion, highlighting its significant presence in the financial sector. KeyBank is recognized for offering a comprehensive suite of banking, investment, lending, and wealth management services to both retail and commercial clients.

With around 1,000 branches and over 1,400 ATMs spread across 15 states, KeyBank has established a robust network to serve its customers effectively, embodying its commitment to community banking and client-centric financial solutions.

Locations of KeyBank

KeyBank operates predominantly in the Northeast, Midwest, Rocky Mountain, and Northwest regions of the United States. Its significant presence is noted in states like New York, Ohio, and Washington.

Frequently Asked Questions

What types of accounts does KeyBank offer?

KeyBank provides a diverse range of accounts including checking, savings, CDs, money market accounts, as well as loan and investment services.

Can I access KeyBank services online?

Yes, KeyBank offers comprehensive online and mobile banking services, allowing customers to manage their accounts, pay bills, and transfer funds digitally.

Are KeyBank deposits FDIC insured?

Yes, all KeyBank deposit accounts are FDIC-insured up to the maximum amount allowed by law, providing an added layer of security for your funds.

Does KeyBank offer mortgage services?

Yes, KeyBank offers a variety of mortgage services including conventional and government-backed loans, refinancing options, and home equity products.