Synchrony Bank vs KeyBank
Synchrony Bank is a good online bank offering high interest rates. How does it compare to KeyBank? Read our comparison chart below.
Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.
While KeyBank has over 1,200 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 Synchrony Bank with KeyBank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Learn More | Visit Site | |
Synchrony Bank | KeyBank | |
|---|---|---|
High Yield Savings - 4.75% APY - | Key Select Checking® - $200 Bonus - | |
Benefits and Features | ||
| Savings | 4.75% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle | 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). |
| CD | 0.25% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open. | Standard Term CD: 0.05% APY. Terms of 7 days to 10 years. Minimum deposit of $2,500. |
| Money Market | 2.25% APY. No monthly service fee and no minimum deposit. | 2.93% 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. |
| ATMs | Any ATMs with Plus or Accel logos | More than 40,000 KeyBank and Allpoint ATMs nationwide |
| Customer Service | Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET) | Telephone Service available 24/7 |
| IRA CD | 0.25% to 5.00% APY. Terms of 3 months to 5 years. No minimum deposit to open. | |
| IRA Money Market | 2.25% APY. | |
| Locations | More than 1,200 branches in 15 states: Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington. | |
CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | Good online bank offering high interest rates... | Bank with a variety of deposit products and great financial tools... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Synchrony Bank: Pricing information from published website as of 04/11/2024. KeyBank: Pricing information from published website as of 04/10/2024 based on 44114 zip code. | ||
Key Select Checking® - $200 Bonus
- Open a Key Select Checking® account online by July 19, 2024.
- Make the minimum opening deposit of $50, plus one direct deposit of at least $500 within the first 60 days of account opening.
- Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements. Account must not be closed or restricted during the time of promotional period.
Key Select Checking® is a premium checking account that earns interest and a $100 cash bonus year after year with qualifying activities and has a waivable monthly maintenance fee.
Key Smart Checking® - $200 Bonus
- Open a Key Smart Checking® account online by July 19, 2024.
- Make the minimum opening deposit of $10, plus one direct deposit of at least $500 within the first 60 days of account opening.
- Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements. Account must not be closed or restricted during the time of promotional period.
Which is Better: Synchrony 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 Synchrony Bank or Chase.
In short: Synchrony Bank's savings and money market are notable. In particular, the savings is excellent.
Articles on Synchrony Bank
Synchrony Bank
Synchrony High Yield Savings Review
Synchrony Bank CD Rates
Articles on KeyBank
KeyBank Review
