Key Business Silver Money Market Savings® Account
Savings advantages for growing businesses.
You want to get the most out of your small business savings account. A Key Business Silver Money Market Savings Account checks all the boxes with great rates, easy access, the ability to avoid monthly fees, along with convenient checkwriting.
Overview
| Minimum Opening Deposit |
$501 |
|---|---|
| Monthly Maintenance Service Charge |
$12 |
| Avoid Monthly Maintenance Service Charges | $5,000 minimum daily ledger balance (balance at the beginning of the day) during the monthly statement cycle, or monthly direct deposit of at least $25 into this account during the monthly statement cycle, or maintain a Key Business Reward Checking account2 |
| Excess Withdrawal Transfer Charge |
$153 |
| Overdraft Protection Transfer Fee |
$0 |
Features
- Higher rates for higher balances
- Use up to 6 checks or transfers, in any combination, per month
- No monthly fee with a $5,000 minimum balance, monthly direct deposit of $25 or more, or a Key Business Reward Checking account
- FDIC-insured4
- Can provide overdraft protection for business checking accounts
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.
Must be opened with $50.00 in funds not currently held in accounts at KeyBank or its affiliates.
We reserve the right to convert your Key Business Silver Money Market Savings Account to a Key Business Saver Account at our discretion if the Key Business Silver Money Market Savings Account does not have a $300 balance after 12 months.
If the number of withdrawals/transfers made to another KeyBank account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic (including data transmission) agreement, order or instruction, or by debit card, or similar order and payable to a third party exceeds a total of 7 per monthly period, your account will be charged $15.00 for each transfer or payment over the limit.
Deposits are insured up to the maximum allowable limit.
Periodically, Key changes fees/service charges and balance requirements. The fees/service charges and balance requirements displayed for these accounts are those in effect today. Please refer to the Small Business Savings Account Fees and Disclosures ("Disclosures") and if applicable, any amendments that you will receive when you apply online or in the Welcome Kit, if you open an Account by phone or in person, for specific fees/service charges, balance requirements, any anticipated changes and all other account information. Please note that if the fees/service charges and balance requirements displayed differ from those in the Disclosures, those in the Disclosures will apply.
Cancelled checks are kept in safekeeping by us.
If you close your account within 180 days, you will be charged an account early closure fee.
