Sweep Checking
Automatic transfers into a high interest account
Earn our highest interest rates available and maintain access to your cash, without investing time. With the sweeps feature of your Key Privilege Checking® or Key Privilege Select Checking® account, you’ll add unused cash to a high interest FDIC-insured deposit account1, every day, without doing a thing.
How Sweeps Checking Works
- After your daily transactions are reconciled, funds left in your checking account automatically transfer into an interest bearing KeyBank deposit account, overnight.
- The account is FDIC insured up to the maximum allowable limit.
- Exclusively for Key Privilege Checking® and, with a higher available interest rate, Key Privilege Select Checking® accounts.
Features and Benefits
- Avoid withdrawal limitations common in savings accounts, while you earn interest.
- Rest easy, knowing you’re saving automatically.
- Build reserves you can quickly access for expenses or investments.
- Receive balance information in your monthly comprehensive statement.
- Manage your account in online banking.
