What is the current KeyBank CD rate?

As of June 2026, KeyBank standard CD rates range from approximately 1.00% to 2.50% APY. Promotional CD offers, when available, can reach 3.75–4.25% APY on select terms. Promotional availability is not consistent — check key.com or visit a KeyBank branch to see what's currently offered in your area.

What is the minimum deposit for a KeyBank CD?

KeyBank requires a minimum deposit of $2,500 for most standard CDs. This is higher than many regional competitors and significantly higher than online banks like Ally and Capital One 360, which have no minimum deposit. The higher minimum means KeyBank CDs are best suited for savers with an existing cash buffer.

What is the early withdrawal penalty on KeyBank CDs?

KeyBank's early withdrawal penalty varies by term: CDs with terms under 12 months forfeit 90 days of interest; 12-month terms forfeit 180 days of interest; and longer terms may forfeit up to 365 days of interest. These penalties are on the steeper side — particularly for long-term CDs. Always plan to hold a KeyBank CD to its maturity date.

How does KeyBank compare to Huntington and Fifth Third for CD rates?

KeyBank, Huntington, and Fifth Third are all regional Midwest/Northeast banks with similar CD rate structures: low standard rates (1.00–2.50% APY) and competitive promotional rates (3.75–4.25% APY) when available. KeyBank's higher minimum deposit ($2,500 vs. Huntington's $1,000 and Fifth Third's $500) is a disadvantage. For the highest available rate without waiting for a promotion, online banks like Ally, Marcus, or Capital One consistently outperform all three.

KeyBank CD Rates 2026 — Terms, APYs, and How They Compare

KeyBank CD rates range from approximately 1.00% to 4.25% APY in June 2026, with the best rates dependent on promotional offers that are not consistently available. KeyBank operates approximately 1,000 branches across 15 states, concentrated in the Northeast and Pacific Northwest — serving Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.

Rates shown are as of June 2026 and change frequently. Verify current rates at key.com or at a local KeyBank branch. Promotional rates are not always available.

KeyBank CD Rates by Term (June 2026)

Term	Standard APY	Promotional APY (when available)
3 months	1.00–1.50%	3.50–3.75%
6 months	1.25–1.75%	3.75–4.00%
12 months	1.50–2.25%	4.00–4.25%
18 months	1.50–2.00%	3.75–4.00%
2 years	1.25–1.75%	3.50–3.75%
3 years	1.00–1.50%	3.25–3.50%
5 years	1.00–1.25%	3.00–3.25%

Promotional Rate CDs require a new deposit — funds not currently at KeyBank. They are offered periodically and are available for a limited time.

How Much Can You Earn?

On a $10,000 deposit at KeyBank’s approximate promotional 12-month rate of 4.13% APY:

After 12 months: ~$10,413 ($413 in interest)

At KeyBank’s standard 12-month rate of 1.88% APY:

After 12 months: ~$10,189 ($189 in interest)

Promotional vs. standard rate difference over one year: approximately $224 on $10,000. On the minimum deposit of $2,500, the difference is roughly $56 — meaningful but smaller in absolute terms.

Early Withdrawal Penalties

Term	Penalty
Less than 12 months	90 days of interest
12 months	180 days of interest
More than 12 months	Up to 365 days of interest

KeyBank’s penalties for longer terms are steep. A 3-year CD at 3.38% APY with $10,000 that’s broken early could forfeit up to $338 in earned interest — potentially turning a positive return into a near-zero one. The no-early-withdrawal-penalty alternative from Ally Bank is worth considering for anyone uncertain about their timeline.

KeyBank vs. Regional Competitors and Online Banks

	KeyBank (Promo)	Huntington (Promo)	Ally Bank	Capital One 360
Best 12-month APY	~4.13%	~4.13%	~4.50%	~4.45%
Minimum deposit	$2,500	$1,000	$0	$0
In-person branches	Yes (15 states)	Yes (8 states)	No	No
No-penalty CD	No	No	Yes	No
Promotion required	Yes	Yes	No	No

KeyBank’s $2,500 minimum puts it at a disadvantage relative to other regional banks for savers with smaller amounts. For the in-person branch experience in KeyBank’s footprint states, the trade-off may be worthwhile — but anyone optimizing for yield alone should look to online banks.

KeyBank for Large Depositors

If you’re depositing $25,000 or more, KeyBank’s branch network can be useful for navigating more complex CD arrangements — including jumbo CDs that some branches offer at rates that can approach or match online bank rates. Jumbo CDs at KeyBank typically require $100,000 or more and may carry negotiated rates through a private banker. Ask a branch manager about current jumbo CD availability if you have a large sum to place.

CD Renewal at KeyBank

KeyBank CDs automatically renew at the standard rate at maturity — not at a promotional rate. The grace period is 10 calendar days after maturity. If you opened a promotional CD, compare KeyBank’s renewal rate to current online bank offerings before the grace period closes. Moving funds to an online bank after maturity is straightforward via ACH transfer.

Who Should Open a KeyBank CD?

Best for:

Existing KeyBank customers in the 15-state branch footprint
Savers with $2,500+ who can time a deposit to a promotional window
Larger depositors ($100,000+) who want branch-based CD management

Consider alternatives if:

No promotional rate is currently available (standard rates lag online banks by 2%+ APY)
You have less than $2,500 (Ally, Capital One have no minimum)
You need penalty-free flexibility

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy