M&T Bank vs KeyBank
M&T Bank is an upper East Coast bank with free checking option and good promo CD rates. How does it compare to KeyBank? Read our comparison chart below.
M&T Bank has 690 branches serving the Upper East Coast and Florida. Offers a no-fee checking, as well as interest checking but with heavier requirements to waive service fees. Select Promo CD offers high rates for terms up to 36 months with a $1,000 minimum opening deposit.
While 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.
Compare M&T Bank with KeyBank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
M&T Bank | KeyBank | |
|---|---|---|
Personal Checking Account - Up to $200 Bonus - | Personal Checking Account - $200 Bonus - | |
Benefits and Features | ||
| Savings | 0.01% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or more or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account | 0.01% APY. $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. |
| CD | 3.50% - 4.00% APY. Terms of 12 - 18 months. Minimum opening deposit $1,000. | Standard Term CD: 0.05% APY. Terms of 7 days to 10 years. Minimum deposit of $2,500. |
| Money Market | M&T MyChoice Money Market account Regular rate of 0.02% - 0.88% APY for qualifying customers. | 0.01% APY. $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 Service | Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET). | Telephone Service available 24/7 |
| ATMs | More than 1,800 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. | More than 1,500 ATMs in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington. |
| Locations | 690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida | More 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. |
CreditDonkey® Reviews | ||
| Savings |   | |
| CD | |  |
| Checking | | |
| Money Market | | |
| Customer Service | | |
| Mobile App | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Upper East Coast bank with free checking option and good promo CD rates... | Bank with a variety of deposit products and great financial tools... |
M&T Bank: Pricing information from published website as of 5/9/2023 based on 14203 zip code KeyBank: Pricing information from published website as of 05/10/2023 based on 44114 zip code. | ||
Which is Better: M&T 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 M&T Bank or Chase.
In short: KeyBank's mobile app is noteworthy.
Articles on M&T Bank
M&T Bank Review
Articles on KeyBank
KeyBank Review
