Sweep Checking
Automatic transfers into a high interest account
Earn our highest interest rates available and maintain access to your cash, without investing time. With the sweeps feature of your Key Privilege Checking® or Key Privilege Select Checking® 1 account, you’ll add unused cash to a high interest FDIC-insured deposit account,2 every day, without doing a thing.
How Sweeps Checking Works
- After your daily transactions are reconciled, funds left in your checking account automatically transfer into an interest bearing KeyBank deposit account, overnight.
- The account is FDIC insured up to the maximum allowable limit.
- Exclusively for Key Privilege Checking® and, with a higher available interest rate, Key Privilege Select Checking® accounts.
Features and Benefits
- Avoid withdrawal limitations common in savings accounts, while you earn interest.
- Rest easy, knowing you’re saving automatically.
- Build reserves you can quickly access for expenses or investments.
- Receive balance information in your monthly comprehensive statement.
- Manage your account in online banking.
Monthly Maintenance Service Charge applies when minimum combined balance requirement is not maintained. Please talk to your Relationship Manager for more information.
1
Key Privilege Checking account and Key Privilege Select Checking account are no longer available to open.
2
Investment options vary by market. In any particular market, one FDIC-insured deposit account and several non-FDIC insured money market mutual funds will be available.