Are you interested in a new banking experience? Here’s an updated list of KeyBank promotions, bonuses, and offers.
Currently, KeyBank offers a $300 bonus when you open a Key Smart Checking® account and meet all the requirements.
Update 6/12/25: KeyBank is offering a $300 bonus for new Key Smart Checking® Accounts after meeting requirements. Offer valid through 10/17/25.
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About KeyBank Promotions Review
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 go over KeyBank checking account promotions & offers below.
KeyBank Key Smart Checking® $300 Checking Bonus
What you’ll get: $300 bonus- Availability: AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Direct Deposit Requirement: Yes
- Monthly Maintenance Fee: None
- How to Earn It:
- 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.
(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.
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.
- Accounts closed at the time of gift payment are not eligible.
- 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
- Terms from six months to 10 years
- $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
- Terms from seven days to 120 months
- $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.
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Author’s Verdict
KeyBank offers some of the best promotions, bonuses, and offers available. That is because branches are bountiful and you can even sign-up for these accounts online.
For more current offers, check out our bank bonuses page. Compare KeyBank rates for CDs and Savings with our best rates for Savings and CD accounts.
Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Check back to see all Keybank bonuses, offers, and promotions here.
About KeyCorp: For more information, visit https://www.key.com/.
hi—if there is a referral code for this 400 send to me
https://www.key.com/personal/promo/get-400.html?ppc=2211_CMPCON_RETK1122_dm
A word of caution that Key Bank uses a Social Security benefit as one of the very few ways to make a direct deposit that satisfies the terms of the bonus, and the only way possible for me since they don’t accept withdrawals from an IRA as a “pension”, and I have only a small pension from my early days of working.
From what I saw after opening the account, it would be difficult to get that accomplished in time without checking on the ssa.gov website, to know when you should open the account. My estimate is that there might be only six days in a month to open the account, and you still have to act very quickly to change the Social Security payment as well.
I made this mistake and opened an account without doing this, and was left without any possibility of getting the bonus from the start, and now waiting for the 180 days to go by so I can close this account without penalty.
Not exactly illegal, but I do think a bit sleazy, not sure what it accomplishes for them. Well, you will get contacted right away from their agents, so maybe they try to get some things sold to you before you discover that you’re not getting a bonus after all.
Key bank will NOT honor any promo unless you have also a reservation code
How do you get a code if you were not targeted? Can you call and ask to open over the phone?
If I opened the $400 promo account within the time frame but my first direct deposit didn’t go in until after the promo expired, am I still eligible?
I know they give you 60 days to have a direct deposit.
Can’t get a real answer from them.
As long as you do the direct deposit requirement within 60 days of opening the account, you are ok.
Hi