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KeyBank vs Bank of America

KeyBank is a bank with a variety of deposit products and great financial tools. How does it compare to Bank of America? Read our comparison chart below.

KeyBank has over 1,200 branches in 16 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.

While Bank of America is one of the largest banks in the U.S. with over 5,000 locations and 16,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

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

 

KeyBank

Bank of America

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Key Checking Account - $200 Bonus - Learn More

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Advantage Plus Banking Checking Account - $100 Bonus - Learn More

Read Bank of America Review

 

Benefits and Features

Savings0.10% - 0.20% APY depending on amount. $10 minimum opening deposit. $4 monthly maintenance fee unless you 1) have $300 daily balance, or have 2) $5 monthly minimum direct deposit or recurring transfer from another Key account, or 3) have a HelloWallet Financial Wellness Score of at least 1.0.03% APY (up to 0.06% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
CDStandard Term CD: 0.10% - 1.05% APY. Terms of 7 days to 10 years. Minimum deposit of $2,500. Promotional CD: 0.15% - 1.09% APY. Terms of 13, 18, 27, 37, and 47 months. Minimum deposit of $10,000.Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.80% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $10,000.
Money MarketStandard rate of 0.05% - 0.10% APY depending on balance. (12-Month Variable bonus relationship rate of 0.20% APY for a minimum opening deposit of $5,000) $50 minimum opening deposit. Monthly maintenance charge of $12. Can be waived with $5,000 daily balance or monthly direct deposit of at least $25.00 or having a qualifying Key Checking Account. 
Customer ServiceTelephone Service available 24/7Mon-Fri: 8am - 11pm(ET)
Sat-Sun: 8am - 8pm (ET)
ATMsMore than 1,500 ATMs in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.Approximately 15,900 ATMs around the country.
IRA CD Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.80% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $2,000.
LocationsMore than 1,200 branches in 16 states: Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.4600 retail financial centres around the country and brances in more than 40 other countries.
 

CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • HelloWallet financial tools
  • Free checking option
  • 24/7 customer service
Cons:
  • Limited branches
  • High account fees
Pros:
  • National availability
  • Extended customer service hours
  • Full service bank
Cons:
  • No free checking option
  • Low interest rates
  • Many misc. banking fees
Bottom LineBank with a variety of deposit products and great financial tools... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review

Key Checking Account - $200 Bonus

What Others View

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

    KeyBank: Pricing information from published website as of 9/16/2019 based on 44114 zip code.

    Bank of America: Pricing information from published website as of 09/16/2019 based on 91107 zip code.

    Which is Better: KeyBank or Bank of America?

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

    In short: KeyBank's cd and checking are noteworthy.


    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.

    Articles on Bank of America


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