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Fifth Third Bank vs KeyBank

Fifth Third Bank is a midwest & Southwest bank with high balance requirements. How does it compare to KeyBank? Read our comparison chart below.

Fifth Third Bank has 1,300 branches across the Midwest and Southwest. Basic checking account requires $1,500 minimum balance to avoid fees. Promotional CD offers a high APY for terms up to 60 months with a $5,000 minimum opening deposit.

While KeyBank has over 1,000 branches in 15 states. It offers a range of checking and savings accounts. Some relationship products offer perks like lower loan rates and higher savings APY. Key Bank has higher monthly service fees and heavier requirements to waive, but there is a free checking option.

Compare Fifth Third Bank with KeyBank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 
Member FDIC
KeyBank
Member FDIC
 Learn MoreVisit Site
 

Fifth Third Bank

KeyBank

SPECIAL OFFER
Fifth Third Business Checking Account™ - Learn More

Read Fifth Third Bank Review

SPECIAL OFFER
Key Smart Checking® - $300 Bonus - Learn More

Read KeyBank Review

 

Benefits and Features

Savings
0.01% APY
0.01% APY. $10 minimum opening deposit. $4 monthly maintenance fee unless you are an owner of a KeyBank consumer checking account (including the KeyBank Hassle-Free Account).
CD0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 2.25% to 3.60% APY. Terms are 6,12, 24, and 60 months, minimum deposit of $5,000.Standard Term CD: 0.05% APY. Terms of 7 days to 10 years. Minimum deposit of $2,500.
Checking
  • Fifth Third Momentum® Checking: No monthly service charge
  • Fifth Third Preferred Checking®: Interest-bearing checking account
  • Fifth Third Student Banking: Personal checking account for students age 13 and up.
 
Money Market0.01% APY Standard Rate (0.01% Relationship Rate)2.03% blended APY on balances of $25,000 or more. $5,000 minimum opening deposit. Monthly maintenance charge of $20. Can be waived with $25,000 daily balance OR having a relationship package checking account.
ATMs2,100+ Fifth Third ATMs plus 40,000+ fee-free ATMs nationwide40,000+ KeyBank and Allpoint ATMs nationwide
Customer Service
  • Mon-Fri 8:00 am - 6:00 pm (EST)
  • Sat 10:00 am - 4:00 pm (EST)
Telephone Service available 24/7
Locations
1,087 branch locations
1,000+ branches in 15 states: Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.
 

CreditDonkey® Reviews

 KeyBank
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
Money MarketStarStarHalf StarEmpty StarEmpty StarStarStarHalf StarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Pros & ConsPros:
  • Free Express Checking
  • Free student checking
  • Promo CD with high APY
Cons:
  • Higher balance requirements
  • Low savings APY
  • Limited branches
Pros:
  • Key Financial Wellness Review tool
  • Free checking option
  • 24/7 customer service
Cons:
  • Limited branches
  • High account fees
Bottom LineMidwest & Southwest bank with high balance requirements... Read full reviewBank with a variety of deposit products and great financial tools... Read full review
 Learn MoreVisit Site

Key Smart Checking® - $300 Bonus

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Fifth Third Bank: Pricing information from published website as of 01/31/2025 based on 45202 zip code.

KeyBank: Pricing information from published website as of 05/05/2025 based on 44114 zip code.

KeyBank
Member FDIC

Key Smart Checking® - $300 Bonus

Expires 5/16/2025
Earn $300 after qualified activities until 05.16.25 with the no-monthly-maintenance-fee Key Smart Checking®.

  • Open a Key Smart Checking® account online by May 16, 2025.
  • Make the minimum opening deposit of $10, plus one single eligible direct deposit of at least $1,000 within the first 60 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 at the time of gift payment.

Which is Better: Fifth Third Bank or KeyBank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Fifth Third Bank or Chase.


Articles on Fifth Third Bank

Fifth Third Bank Review

Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you.

Articles on KeyBank

KeyBank Review

Are you looking for a no-frills checking account or maybe a bank that offers relationship banking services/interest rates? You may have found your fit with KeyBank.

KeyBank Routing Number

Looking to transfer money in or out of your KeyBank checking or savings account? Find your KeyBank routing number and learn more about money transfers in our guide.

Which Do You Think is Best?





Which Bank Account is Right for You?


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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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