Key Select Money Market Savings®
A higher interest savings account for your money.
6-month rate bonus offers for new and existing accounts.
- % interest rate (% blended APY)
on account balances of $5,000 to $1,999,999.99 when you grow your total relationship deposit balances or liquid deposit balance by at least $5,000. - % interest rate (% blended APY)
on account balances of $25,000 to $1,999,999.99 when you grow your total relationship deposit balances or liquid deposit balance by at least $25,000.
Overview
| Minimum Opening Deposit | $5,000.00 |
|---|---|
| Interest Rate | Tiered based on balance and compounded daily. |
| Waivable Monthly Maintenance Fee | $201 |
| Qualifies for Relationship Balances | Yes, learn more about KeyBank Relationship Rate |
| Check Writing | Unlimited |
| Can Be Used for Overdraft Protection | Yes, with no transfer fee.2 |
Features and Benefits
Tiered Interest Rate
Our variable rate is compounded daily to give you the best possible returns.
Unlimited Transfers
Access your savings anytime with an unlimited number of withdrawals and transfers.
Waive the Monthly Maintenance Fee1
To waive the monthly maintenance fee, you need to maintain a KeyBank premium checking account or a minimum daily balance of at least $25,000.
Savings accounts with tools to help you stay in control as your balance grows.
Use EasyUp to build up savings or pay down debt without even thinking about it.
Deposit checks in the mobile app, transfer money as often as you need to, and track your balance as it grows. Get the KeyBank mobile app.4
Easy, everyday banking with everything you need
Get all the convenient features of KeyBank savings accounts.
- Convenient Branches and ATMs
Visit us at any of our branches and 40,000 KeyBank and Allpoint® ATMs nationwide. Find a location. - Overdraft Protection
Link a savings account to your checking account to automatically cover overdrafts without a transfer fee. - FDIC Insured
This account is FDIC insured.
Frequently Asked Questions about Key Select Money Market Savings Account
A high-interest savings account, also known as a high-yield savings account, is a type of savings account that offers above average interest rates on deposits.
Interest rates on high-yield savings accounts are variable and can change at any time, though rates typically change after a Federal Reserve committee meets to adjust the federal funds rate. The account’s annual percentage yield (APY) determines how much interest you can earn on your money each year.
Money market accounts (MMAs) work like savings accounts. As customers deposit funds in a money market account, they earn interest on those funds. MMAs usually offer a higher interest rate and easier access to your money.
A tiered-rate account is a bank account that pays different rates of interest, depending on the funds held in it. While it can be any type of account, it is usually a money market or savings account.
It only takes a few minutes to open an account with KeyBank, here’s what you need to do.
Tell us about yourself
To start your application, we’ll need some personal details like your address, contact information, and Social Security number. If you do not have a Social Security number, please visit your nearest branch.
Make your first deposit
Fund your Key Select Money Market Savings account with an existing KeyBank account or an external bank account.
Enroll in online and mobile banking
Get online access to your money market account right away when you enroll in online and mobile banking.
The $20.00 monthly maintenance fee will be waived for any month when the client meets one of the following requirements:
- Maintain a Daily Balance of $25,000.00 or more during the monthly statement cycle OR
- Maintain a Key Advantage Checking®, Key Privilege Checking®, Key Privilege Select Checking®, Key Select Checking®, or Key Private Client® Checking account
Overdraft Item Charges are $20 per item. Charges apply to transactions created by check, in-person withdrawal, recurring debit card transactions, or other electronic means. Overdraft charges will not be imposed on ATM withdrawals or one-time debit card items unless the customer has opted in authorizing Key to pay these items into overdraft and assess a charge. You agree to pay us the full amount of any overdraft on your Account immediately upon demand, together with any additional charges we assess. KeyBank’s approval of overdrafts is a discretionary courtesy. For Consumer accounts: No charges will be assessed when the account is overdrawn twenty ($20) dollars or less at the end of the day. Overdraft charges are assessed on up to three (3) items per day, with the maximum not to exceed $60 per day per account. Overdraft charges may not post on the same day as the transaction which triggers the fee(s). There is a cap of 20 assessed overdraft charges within a monthly statement period. If at the end of the day, your account’s overdrawn available balance is more than $20 for 5 consecutive business days, an additional $20 Recurring Overdraft Service Charge will be assessed. See your accounts Personal Checking Account Fees and Disclosures for additional information and Personal Savings Overdraft Protection Agreement for further information on linking savings account for protection.
Subject to terms and conditions in Service Agreement.
Message and data rates may apply from your wireless carrier.
KeyBank Member FDIC