Creating a detailed corporate savings strategy is part of your overall financial management plan. KeyBank’s experts work with you to drive your savings into useful vehicles that will help you meet your overall goals and needs.
Insure and grow your corporate funds, and incorporate your accounts into your larger financial strategy with KeyBank corporate savings accounts and CDs.
Add your business savings and CD accounts to KeyNavigator® to combine all of your treasury processes into one comprehensive set of tools with customizable and secure interfaces. Our powerful system allows you to use your business savings account within our comprehensive cash, payable, receivable, and reporting suite, so you can easily manage all your accounts together.
Savings Accounts
Maximize your funds while keeping them accessible for regular use with:
Key Business Saver Account
- Waivable monthly charges with balance requirements1
- FDIC insured up to allowable limits
Key Business Select Money Market Savings® Account
- Easy access to funds, with up to six checks or transfers per month
- No monthly maintenance fees with a $25,000 minimum daily ledger balance or Key Business Reward Checking®2
CDs
Whether you are seeking long- or short-term strategies, KeyBank CDs can help you meet your goals:
Key Business Tiered CD
- Tiered rates based on balances
- FDIC insured up to allowable limits
- Higher interest rates with a qualifying Relationship Rewards account3
Key Business Short-Term CD
- Quick access to funds at savings term end
- FDIC insured up to allowable limits
- Higher interest rates with a qualifying Relationship Rewards account3
Normal account service charges still apply. Subject to terms and conditions in Service Agreement.
1
To avoid the monthly Maintenance Service Charge, you may maintain either a minimum daily Ledger Balance of $300.00 during the monthly statement period or an Average Ledger Balance of $600.00 during the monthly statement period. If neither one of these balance requirements is met, your Account will be charged a monthly Maintenance Service Charge of $4.00.
The monthly Maintenance Service Charge for the KeyBank Basic Business Checking Account can be avoided if any of the following balance requirements are met: The Average Ledger Balance in your KeyBank Basic Business Checking Account was $1000.00 or more during the monthly statement period; or The total of the following was $10000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of business checking (excluding certain business accounts opened for the benefit of others), business savings and business certificates of deposit accounts within two business days prior to your KeyBank Basic Business Checking Account statement cycle date; and/or 2) the outstanding balance of all commercial loans and lines of credit including your Business Cash Reserve Credit Account(s) (excluding balances past due 60 days or more) as of no more than five business days prior to your KeyBank Basic Business Checking Account statement cycle date.
Additionally, if you are the sole owner* of your business, the list of account balances that may be combined to avoid the monthly Maintenance Service Charge on your KeyBank Basic Business Checking Account includes all of the above business accounts and certain of your personal accounts as outlined below. You may avoid the monthly Maintenance Service Charge on your KeyBank Basic Business Checking Account if the following balance requirement is met: The total of the following was $10000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of personal and business checking, personal and business savings and personal and business certificates of deposit accounts within two business days prior to your KeyBank Basic Business Checking Account statement cycle date; and/or 2) the outstanding balances of your standard consumer loan/line** of credit balances (excluding balances past due 60 days or more) as of no more than five business days prior to your KeyBank Basic Business Checking Account statement cycle date.
* As used herein, "sole owner" means a natural person doing business as a sole proprietor and excludes separate legal entities such as corporations, partnerships, limited liability companies and not for profit enterprises.
(**Standard consumer loan and line products include Auto Loans, RV Loans, Marine Loans, Home Equity Loans, Home Equity Lines of Credit, Home Improvement Loans, Key Equity Options, Preferred (Unsecured) Credit Lines, Cash Reserve Credit, Personal Loans, Mobile Home Loans and Airplane Loans with KeyBank NA, and Credit Cards. Certain non-standard loans and lines of credit may not be included.)
If none of these balance requirements are met, your Account will be charged a monthly Maintenance Service Charge of $5.00.
2
There is no monthly Maintenance Service Charge for the first 30 days that a Key Business Select Money Market Savings Account is open. There is no monthly maintenance service charge if one of the following requirements are met: The Daily Ledger Balance is $25000.00 or more during the monthly statement period OR Maintain a Key Business Reward Checking® Account.
3
To qualify for a Business CD with Relationship Rewards, you must have or open a relationship package checking account (Key Business Reward Checking®). For your CD to have the Relationship Reward interest rate, the tax identification number on your CD must match the tax identification number on your qualifying business checking account.
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