KeyBank $500 Business Savings Bonus (30.4% Effective APY) - 2026 Review
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Bonus Tiers & Effective APY
Overview
KeyBank currently offers up to $500 through its business savings promotion. The headline tier requires $5,000 and keeps the funds committed for roughly 120 days. That is approximately 30.4% annualized before tax and opportunity-cost adjustments.
Who This Savings Bonus Is Best For
People with $5,000 of genuinely idle cash who can leave it committed for roughly 120 days without sacrificing a better use for the funds.
How to Maximize This Bonus
Fund the account inside the 30-day window, target the tier you can maintain comfortably, and keep the qualifying balance in place for the full 90-day maintenance period. Avoid moving the money until the reward posts.
Pros
Cons
How This Compares to Other Bonuses
KeyBank's $500 headline payout is closest to Capital One Business's $500 offer. Compare the required capital, holding time, account fees, and base interest, not only the bonus.
Frequently Asked Questions
What is the current KeyBank promotion?
KeyBank currently offers up to $500. The headline requirement is $5,000 deposit held for about 110 days.
How much money is required for the KeyBank bonus?
The highest advertised payout currently requires $5,000. Lower tiers may require less; review the tier table on this page.
How long is the money committed?
Plan on approximately 120 days including funding, maintenance, settlement, and a practical payout buffer.
Eligibility
Targeted: KeyBank's terms say you must have received a personalized $500 Business Banking offer letter from them, and you open by appointment with a banker rather than online. Schedule that appointment by December 18, 2026. Make the $25 minimum opening deposit and get to $5,000 or more within 30 days, then keep a minimum daily balance of $5,000 or more for the first 90 days; if the balance dips below $5,000 even once in that window you lose the bonus. The $500 is paid within 60 days of meeting the requirements. You cannot have held a KeyBank business checking or savings account in the past 12 months, and the branch network covers AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT and WA. Open Basic Business Checking, which is $5 a month waived at a $1,000 average ledger balance so the $5,000 hold covers it; do not open Key Business Reward Checking, which is $25 a month and needs $7,500 to waive.
Fees
Apply
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Sources (2)
We last checked this against the bank's page on August 16, 2026.
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Fat Stacks Academy may earn a commission when you open an account through links on this page, at no additional cost to you. Commissions do not influence our reviews — we verify offer terms directly with each bank before publishing and do not accept paid placement in our rankings. Bonus offers, requirements, and fees are determined by each financial institution and may change at any time. Always verify the current terms directly with the bank before applying. This content is for informational purposes only and does not constitute financial advice.