bank rates

KeyBank CD Rates: Better Than Most Bigs

KeyBank logoNearly all of KeyBank’s CD rates are above average, which seems like good news.

The rub: Average rates are at record lows across the board.

Still, this Cleveland-based bank with more than 1,000 branches in 14 states is far ahead of other big banks, which can’t seem to manage average rates.

(Of course, you’ll always find far better than average nationally available certificates of deposit on our CD Rates Leaderboard.)

We found that KeyBank’s Key Tiered CD offered the highest rates, but only with a relationship reward and a $25,000 minimum deposit.

Of those, the 36-month term came out ahead, beating the average annual yield of 0.52% offered by large banks and thrifts by more than a tenth of a percentage point.

But KeyBank’s 0.65% APY is far from the 1.40% APY you’ll find on the Leaderboard.

Other relationship rates with a minimum deposit of $25,000:

6-month CD rate is 0.20% APY versus an average rate of 0.17% APY. (Leaderboard leader is 0.89% APY.)

12-month CD rate is 0.20% APY versus an average rate of 0.26% APY. (Leaderboard leader is 1.10% APY.)

24-month CD rate is 0.45% APY versus an average rate of 0.41% APY. (Leaderboard leader is 1.30% APY.)

60-month CD rate is 0.85% APY versus an average rate of 0.84% APY. (Leaderboard leader is 1.85% APY.)

The KeyBank website ( allows you to pull rates for the 14 states it serves, which are Alaska, Colorado, Connecticut, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont and Washington.

I put in ZIP codes for Cleveland, Detroit and Seattle, and found the rates identical.

Compare KeyBank’s returns with the best CD rates from scores of other banks in our extensive database.

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Comments (1)
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One Existing Comment
  1. jalo said:
    on March 3rd at 12:08 pm

    but will these cds unlock the door