KeyBank Business Interest Checking®
Earn interest on your checking balance, and get the benefits of unlimited check writing, convenient online and mobile banking and much more.
Overview
| Monthly Service Fee | $15 or $01 |
|---|---|
| Annual Percentage Yield | Variable |
| Monthly Included Transactions | 100 combined transactions, plus unlimited ACH and bill pay transactions |
| Overdraft Protection | Link this account to any KeyBank business savings or credit account |
| Minimum Opening Deposit | $25 |
Features
Waivable monthly service fee
Fee is waived with at least a $5,000 minimum daily balance or $15,000 in combined balances in business deposit accounts, commercial loans and lines of credit (sole proprietors may also include personal account balances).1
Competitive interest rate
Your interest rate is variable and based in part on your account balance.
Key@Work® eligible
A comprehensive, no-cost financial wellness benefit for your employees, Key@Work gives your team banking tools, perks and discounts to help them reach their financial goals, minimize stress and improve productivity.
Benefits with Every Small Business Checking Account
The monthly Maintenance Service Charge for the KeyBank Business Interest Checking account can be avoided if any of the following balance requirements are met:
- The Average Ledger Balance in your KeyBank Business Interest Checking account was $5,000.00 or more during the monthly statement period; or
- The total of the following was $15,000.00 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 Business Interest 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 Business Interest 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 Business Interest 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 Business Interest Checking account if the following balance requirement is met:
- The total of the following was $15,000.00 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 Business Interest 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 Business Interest Checking account statement cycle date.
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*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.)
Please read our Small Business Agreements and Disclosures. If you opened your deposit account online within the past 90 days, you may also review the original agreements and disclosures provided to you.
Minimum opening deposit of $25 is required. Accounts closed within 180 days charged $25. Other charges may apply.
