KeyBank CD Rates: What To Expect in 2026

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KeyBank offers a wide range of certificate of deposit (CD) terms, some of which have attractive annual percentage yields (APYs) attached. However, the top APYs are reserved for savers who have an existing relationship with the company. Read on to learn more about KeyBank CD rates in 2026.

Current KeyBank CD Rates: March 2026

KeyBank offers short-term CDs, tiered long-term CDs and high-yield jumbo CDs. You’ll need at least $2,500 to open a short-term or tiered long-term CD. But you’ll need at least $100,000 to open a jumbo CD.

Promotional Rates

Short Term, Tiered and Jumbo CD Rates

Types of CDs Offered by KeyBank

You may be wondering what types of CDs are offered by KeyBank. They offer three different types of CDs. These CDs include the following: 

Traditional Fixed-Rate CDs

Traditional fixed-rate CDs are offered for short and long-term options. The minimum deposit is $2,500. 

Tiered CDs

This CD offers varying interest rates based on the deposit amount and term length. The structure is designed to reward higher deposit balances with increased interest rates, allowing savers to maximize their earnings. It usually requires a $2,500 minimum deposit. 

Jumbo CDs

If you want to deposit a substantial amount of money, you could benefit from higher, fixed interest rates. The minimum deposit for a KeyBank jumbo CD is $100,000. 

KeyBank CD Account Features and Benefits

While the rates attached to a CD are important, they aren’t the only detail to keep in mind.

How To Open a KeyBank CD Account

To open a CD account with KeyBank, you must be at least 18 years old and a U.S. citizen. To apply online, you must be a current KeyBank client. If you don’t already have a KeyBank account, you’ll need to apply for the CD in person.

Be prepared to provide your Social Security number, physical address, email address, phone number and funding account information to finalize your account setup.

Who Is Eligible To Open a KeyBank CD?

If you’re an existing customer, you are eligible to invest in a KeyBank CD. If you’re a new customer, you can open a CD as long as you live in a state with KeyBank branches.

KeyBank has branches in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont and Washington. 

You will need to provide valid identification in the form of a government-issued ID, which includes a driver’s license or passport and your Social Security number. 

How KeyBank CD Rates Compare to Competitors

When compared to the national average of 1.55% for a 12-month CD, KeyBank’s APY isn’t very attractive. However, KeyBank does offer a handful of terms with higher rates, especially for those who qualify for a relationship rate.

If you are looking for higher rates overall, you’re more likely to find them through online banks and credit unions. Here’s a side-by-side comparison:

Pros and Cons of KeyBank CDs

Every financial product has advantages and disadvantages. Here’s what to keep in mind about KeyBank CDs.

Pros

• Wide range of CD terms: Terms are from 7 days to 10 years.
• Variety of CD options: Option for standard, tiered and jumbo CDs.
• Protected funds: Funds are FDIC-insured.
• Benefits for existing customers: Higher rates available for individuals with existing banking relationship.

Cons

• High minimum deposit: High minimum balance requirement of $2,500.
• Need an existing KeyBank account: Must have a qualifying KeyBank account to tap into the highest available interest rates.
• Accessibility issues: Limited availability since KeyBank CDs are only offered in certain service areas.

Alternatives To KeyBank CDs

If you’re hesitant about a KeyBank CD, you may want to consider some other investment options. 

• High-yield savings accounts: More flexible about daily access and you could earn higher interest rates. The minimum deposit may be lower as well. There is no penalty to withdraw funds. 
• Money market accounts: A flexible way to invest your money and earn some interest. You can receive a return on your money without having to worry about early withdrawal penalties with CDs. 

Is a KeyBank CD the Right Choice for You?

KeyBank CD rates are on par with other banks that have a large physical branch network. This is useful for savers who want to manage their funds in person. But in general, you’ll find better CD rates available through online banks and credit unions due to lower overhead. If you don’t think KeyBank is the right fit, explore other attractive CD rates today.

Sarah Sharkey contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Feb. 17, 2026.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

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