checking accounts for seniors.
Open a checking account you can count on.
Get fewer fees and more support. A Key Smart Checking® account with no monthly maintenance fee could be a great option for seniors.
- No monthly maintenance fee, no minimum balance
- Paper checks and every digital feature
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$0
Monthly Maintenance Fee
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No
Interest Bearing
- Earn $100 year after year with qualified direct deposits
- Interest compounded daily
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$252
Waivable Monthly Maintenance Fee
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Yes
Interest Bearing
Skip the Monthly Fees2
Choose a checking account with no monthly maintenance fees or a waivable monthly fee.
Free ATM Withdrawals3
Visit us at any of our branches and 40,000 KeyBank and Allpoint ATMs nationwide using your KeyBank debit card on an eligible account type.
Convenient Branches
KeyBank has hundreds of branches, so it’s convenient to stop in or make an appointment when you want to.
Talk to a banker.
Stop in or call for a quick Financial Wellness Review® with a banker. We’ll talk about your needs and plans to give you personalized ideas you can start using right away.
What Other Seniors Say About Key’s Financial Wellness Review
I came in not knowing what to expect and came away with so much knowledge about where I was financially, which was not as bad as I thought! My advisor, Gretchen, was so amazing! She got right to work figuring out where I was in terms of my monthly income and expenses. Then gave me helpful suggestions to better budget and ideas to get back on track to build savings and meet my retirement goals. Gretchen offered to be there anytime I needed help with setting goals and priorities! It was an invaluable experience! I highly recommend reaching out for assistance like I did. You won't regret it.
Submitted by Cindy
Covered all aspects of my finances and helped with retirement planning.
Submitted by D
The program on the system is well thought out and comprehensive while able to be tailored to my personal needs. The gentleman was well prepared and walked me through what I need to consider to be ready for retirement. He listened to my personal situation details and goals and really considered my needs.
Submitted by Nora G
Clients agreed to share their testimonials.
1
Key Select Checking Account is an interest-bearing account. Annual Percentage Yields (APY) are accurate as of , for zip code 44114. 0.05% APY applies to balances of $0.00-$2,499.99, 0.05% APY on balances $2,500-$4,999.99, 0.05% APY on balances $5,000-$9,999.99, 0.05% APY on balances $10,000-$24,999.99, 0.05% APY on balances $25,000-$49,999.99, 0.05% APY on balances $50,000-$99,999.99, 0.05% APY on balances $100,000-$249,999.99, 0.05% APY on balances $250,000-$499,999.99, 0.05% APY on balances $500,000-$999,999.99, 0.05% APY on balances $1,000,000 and above. Key Select Checking Account is a variable rate account, rates may vary. Rates and terms may change at the bank’s discretion. Minimum balance to open this account is $50. Fees may reduce earnings.
EVALUATION PERIOD DEFINITIONS
- New Key Select Checking Account: Your account will be reviewed for eligible deposits during the 12 calendar months following the first calendar day of the second full month after account opening.
$100 BONUS
- Direct Deposits: To qualify for the $100 bonus, ALL of the following three requirements must be met. Eligible direct deposits:
- Must total at least $60,000 during the Evaluation Period.
- Are electronic automated clearing house (ACH) deposits. Examples of eligible direct deposits include, but are not limited to: payroll, Social Security, pension and government benefits. Deposits made through a teller, ATM, or the KeyBank mobile app are ineligible direct deposits.
- At least one eligible direct deposit transaction (in any amount) must be received within the final two calendar months at the end of the Evaluation Period.
Your account will be reviewed at the end of each Evaluation Period for cash bonus eligibility. Eligibility is based on cumulative direct deposits in the preceding Evaluation Period. Your $100 bonus will be reported to the IRS on Form 1099-INT. Your $100 bonus will be deposited into your checking account within 30 calendar days after the Evaluation Period has expired. If your account is converted into an account type other than a Key Select Checking Account during the Evaluation Period, progress toward the cash bonus is forfeited. Accounts that are closed or in a legally dormant status (legally dormant status is determined by applicable state law) at the end of the Evaluation Period or at the time of the bonus payout are not eligible for the bonus payment.
2
$25 monthly maintenance fee (waived for the first 3 months).
After the 3 month grace period, the $25 monthly maintenance fee for the Key Select Checking Account can be avoided if one of the following requirements is met in a statement period:
- You have direct deposits totaling at least $5,000 during each statement period.
- The combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement accounts, and Key Investment Services LLC accounts is $15,000 or more.
- You are a Key@Work program member and have at least $3,000 in cumulative direct deposit each statement period. If you leave your current employer and direct deposits are discontinued you may be subject to the combined balance requirements to avoid the monthly maintenance fee until direct deposits are reinstated by your new employer.
Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor.
Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).
Investment and insurance products made available through KIS and KIA are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY
KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.
3
No surcharge at KeyBank ATMs. No surcharge at Allpoint ATMs when using your KeyBank debit card on an eligible account type. With the exception of the KeyBank Hassle-Free Account®, all clients in KeyBank’s personal checking products are eligible for Allpoint when they use their KeyBank Debit Mastercard®. Savings, Business and Hassle-Free accounts are not eligible for Allpoint.
4
Message and Data rates may apply from your wireless carrier.
5
Subject to terms and conditions in Service Agreement.
KeyBank Member FDIC.