KeyBank
Quick Summary
- Regional bank
- KIS brokerage access
- FDIC insured
- 15-state branch network
The Verdict
KeyBank offers a solid foundation with zero monthly maintenance fees and mutual fund investing, earning a 3/5.0 rating from HSA Orbit.
Take advantage of tax-free withdrawals with a KeyBank HSA to pay for qualified medical expenses. Managing and tracking expenses is easy and balances carry over year-to-year. Having a Health Savings Account can help you prepare for medical expenses that may become necessary in the future. You can also take advantage of KeyBank online banking and billing for your convenience. It’s your health, so you shouldn’t have to worry about it.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
Offers mutual fund investing.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* No monthly fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Mutual Fund Investing
Access mutual fund investments through your HSA with KeyBank.
- Minimum Threshold$3,500
- FeesStandard KIS brokerage fees. Min $1,000 per mutual fund investment.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0+ | 0.01% |
Last updated: 08-21-2024
Contact Information
Address
127 Public Square, Cleveland, OH 44114
Customer Service
1-888-KEY-2020 (539-2020)
127 Public Square Cleveland, Ohio 44114 Customer Service
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •$3,500 minimum to invest
User Sentiment
Based on community feedback
Sentiment data coming soon
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