Key Active Saver online savings account

Updated

Those who understand the dynamics of banking products know best how to take advantage of them. The Key Active Saver account allows you to save so you can achieve your personal projects or goals. It is an instrument that gives you an APY of 0.01% and is FDIC insured for up to $250 thousand per person.


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Commissions
Account management: $ 0 If you have a KeyBank checking account, otherwise $4 per month.
Check deposit: Consult
Check writing: 0% No checkbook
Transfers: Consult
Profitability
APY: 0.01%
Rate of interest: Fixed
Interest settlement: Monthly
Advantage
Checkbook: No checkbook
Requirements
Minimum deposit: $ 10

Additional information of Key Active Saver

Unlike other accounts, the Key Active Saver savings account earns compound interest every day. This means that at the end of the year you earn more interest than those bank products that have annual compound interest.

Key Active Saver accountAlthough the percentage may vary due to the Federal Reserve index, daily compounding works best for you.

In addition to this, there are other benefits included in this savings account:

  • Free Pay Bill. Pay your bills quickly and easily with this service.
  • National ATM network. You have at least 4 thousand ATMs combined between KeyBank and AllPoint.
  • Direct Deposit. This entity offers this service at no cost, but it will depend on your employer's system. Often, you can even split your paycheck between your checking and savings account.
  • Mobile banking services. You can manage your account from your favorite devices using the bank's website or app. This also includes depositing checks using a photo.
  • Fraud monitoring. To avoid any suspicious activity, be on the lookout for unusual charges or charges made outside where you reside.

If you don't want to pay the maintenance fee, just open a checking account with this bank (including the Hassle-Free online account). In addition to the transfer fees, you should consider that you will be charged $25 if you decide to close the Key Active Saver account before the first 180 days.

The Key Active Saver savings account offers a minimal return on your money, if you are looking for a good return, we recommend CIT Bank's Savings Connect account, which currently offers a record interest rate.

Español: Cuenta de ahorro Key Active Saver