How to Choose a Savings Account

When it comes to finding the right savings account, it’s important to shop around. You might be most interested in interest rates. Maybe robust online and mobile banking are very important to you. Compare savings account details online. The more you know, the easier it will be to choose the account that best meets your personal financial needs.

What to Look for in a Savings Account:

Minimum Balance

Is a minimum balance required for the type of savings account you’re opening? If so, how much is it? Carefully consider whether this is an amount you know you can comfortably keep in your account.

Online Banking

Do you like to stay on top of your finances? Online Banking is a secure, convenient service that allows you to monitor your account, pay bills, transfer funds, reorder checks, and much more. If you like to be in control of your money, this is a great tool to use.

Interest Rate

If you're looking to gain a higher interest rate on your savings account, you may want to consider a high-yield savings account or Money Market Savings Account. The interest rates are usually better than those for regular savings accounts, but these accounts may come with more restrictions. If you prefer a regular savings account, do your research so you can find the best interest rate for your money. And remember, a KeyBank relationship manager is available at a nearby branch to help you through the process.