Here’s an updated list of KeyBank promotions, bonuses, and offers.
Currently, KeyBank offers a $300 bonus when you open a KeyBank Key Smart Checking® and meet all the requirements.
Update 5/22/25: KeyBank is offering a $300 bonus for new Key Smart Checking® Accounts after meeting requirements. Offer valid through 10/17/25.
About KeyBank Promotions
The Consumer Bank serves individuals and small businesses throughout their 15-state branch footprint and through their national Laurel Road® digital lending business targeted toward healthcare professionals by offering a variety of deposit and investment products, personal finance and financial wellness services, lending, student loan refinancing, mortgage and home equity, credit card, treasury services, and business advisory services. In addition, wealth management and investment services are offered to assist nonprofit and high-net-worth clients with their banking, trust, portfolio management, charitable giving, and related needs.
The Commercial Bank includes their Institutional and Commercial operating segments. The Commercial operating segment is a full-service corporate bank focused principally on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology. The Commercial operating segment is also a significant servicer of commercial mortgage loans and a significant special servicer of commercial-backed mortgage security. The Institutional operating segment delivers a broad suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance.
I’ll review the current KeyBank promotions below.
KeyBank Key Smart Checking® $300 Checking Bonus
 |
- What you’ll get: $300 bonus
- Account Type: Key Smart Checking®
- Availability: AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Card Funding: No
- Monthly Maintenance Fee: None
- Household Limit: None
(Expires 10/17/2025)
- Relationship Benefits. Earn better interest rates on savings and money market accounts, more cash back, loan discounts and more with KeyBank’s Relationship Benefits.
- Early Pay. You could get paid up to two days early with eligible direct deposits to a KeyBank account.
How To Earn Bonus
- Earn $300 after qualified activities until 10.17.25 with the no-monthly-maintenance-fee Key Smart Checking®.
- Open a Key Smart Checking® account online by October 17, 2025.
- Make the minimum opening deposit of $10, plus a total of $1,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $300 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed or restricted at the time of gift payment.
Fine Print
- Direct deposit transactions include, but are not limited to: payroll, Social Security, pension and government benefits.
- Employees of KeyBank, its affiliates and subsidiaries are not eligible for this offer.
- One account opening gift per qualifying account. One account opening gift per individual.
- The value of your gift will be reported on Form 1099-INT and deposited into your account within 60 days of meeting requirements.
- Offer not available to individuals who have had a KeyBank checking account or a KeyBank Hassle-Free Account® in the last 12 months.
- Account may not be closed at the time of gift payment.
- Offer is subject to cancellation without notice.
- KeyBank is not responsible for, and will not honor, promotional offers that appear on non-KeyBank websites or that are not authorized by KeyBank.
- Geographic restrictions apply.
KeyBank Key Select Money Market Savings®
Competitive Interest Rates. Their interest rates are compounded daily to give you the best possible returns.- Waivable Monthly Maintenance Fee. To waive the monthly maintenance fee, you need to maintain either a KeyBank consumer relationship package checking account, or a minimum daily balance of $25,000.
- Check Writing and Transfers. Access your savings anytime with an unlimited number of withdrawals and transfers.
- Secure, Easy Online Banking. Check your balance, make deposits and manage your account anytime with KeyBank online and mobile banking.
- Overdraft Protection. Link a savings account to your checking account to automatically cover overdrafts without a transfer fee.
- FDIC insured
Learn more about Key Select Money Market Savings®
KeyBank Certificates of Deposit (CDs)
With certificates of deposit (CD), you choose the term and your rate is fixed, so you always know what you’ll earn and when you’ll earn it.
- Guaranteed Returns. CD interest rates are fixed, so you grow your money at the same rate for the entire length of the term you choose.
- Interest Payments. Choose to redeem your certificate of deposit at the end of the term or reinvest it to keep earning interest.
- FDIC Insured. Every KeyBank CD is insured.
- Online and Mobile Banking. Check in on your CD growth anytime in KeyBank online and mobile banking.
Certificate of Deposit Accounts at KeyBank
- Short-Term CDs. Short-term savings at a competitive interest rate
- Terms from seven days to six months
- Earn more interest than with a traditional savings account
- $2,500 Minimum Opening Balance
- Interest Compounded Daily and Fixed For the Term
- Tiered Long-Term CDs. Get competitive interest rates with several term options
- $2,500 Minimum Opening Balance
- Interest Compounded Daily and Fixed For the Term
- High-Yield Jumbo CDs. Intended for balances of $100,000 and greater
- $100,000 Minimum Opening Balance
- Interest Compounded Daily and Fixed For the Term
Learn more about KeyBank Certificate of Deposits
How To Avoid Monthly Fees
- Key Smart Checking®: No monthly maintenance fee
- Key Select Money Market Savings®: $20 Waivable Monthly Maintenance Fee
- Waive the $20 monthly maintenance fee when you maintain either a KeyBank consumer relationship package checking account or a minimum daily balance of $25,000.
Bottom Line
While the promotions & bonuses at KeyBank sounds enticing, setting up a direct deposit is a big commitment. They offer many different accounts, so you have several options for any that can best suit your needs.
Additionally, you may want to check out our full list of Bank Rates and CD Rates.
Compare KeyBank Promotions with other bank bonuses from banks like Citi, Huntington, Chase, TD, Discover Bank, Axos Bank, PNC Bank, BMO, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, U.S Bank., and more!
*Check back at this page for updated KeyBank promotions, bonuses, and offers.
About KeyCorp: For more information, visit https://www.key.com/.
