KeyBank offers a savings account for kids 18 years old and younger. Their parent or guardian must have a KeyBank account. This account only requires $10 to open. There are no monthly fees or balance requirements. This savings account earns interest.

KeyBank has a variety of CD term lengths, including short-term CDs. The short-term lengths vary from seven days to six months. There are a number of tiered CD accounts. The terms vary from six months to 10 years with many options in between. The jumbo CDs range from seven days to 11 months.

KeyBank offers a variety of business accounts. Checking, savings, and CD accounts are available. A Mastercard and business loans are offered. Other business services include wire transfers and HSA accounts. Automated tax payments, electronic payments, and invoicing are other features of the business accounts.

KeyBank checking account and reward credit card holders earn rewards points. Points are earned by making debit and credit card transactions. Earn points by using online banking, ATMs, and mobile deposits. Direct deposit, automatic debits and credits, and online statements also qualify. Redeem points for gift cards, cash back, travel, and other items. There is an annual fee to earn rewards. Key Privilege or Key Privilege Select checking accounts do not have the annual fee.

The interest rates on KeyBank accounts are lower than other online-only accounts. The rates are competitive with typical bank rates. Most all KeyBank accounts have a monthly maintenance fee. The only checking account without fees is the KeyBank Hassle-Free account. That account does not earn interest. All KeyBank savings accounts have a monthly fee except the kids account.

The amounts required to waive the monthly maintenance fees are high. The lowest amount required for checking accounts is $500. The other checking accounts require $10,000 to $100,000. KeyBank savings accounts require $300 to $25,000 to waive the monthly maintenance fees.

Not all KeyBank checking accounts earn interest. The only two interest earning accounts are the most expensive accounts to keep open. To waive the monthly fee you must keep $10,000 to $100,000 in KeyBank accounts. You can also waive the fee by having a mortgage through KeyBank. Direct deposits totaling $1,000 to $5,000 each month also waives the fee.

The amount required to open a CD is $2,500 for the short term CDs and the tiered CDs. The jumbo CDs require $100,000 to open. You earn Relationship Reward points for opening any of the KeyBank CDs.

Read the full Key Bank review.

Quorum does not have a set amount required to open their HighQ savings account. The basic savings account only requires $5 to open, which Quorum will pay for you. The checking accounts offered through Quorum do not have a set amount required to open.

Most Quorum accounts do not have monthly fees. If the accounts do have a fee, that fee is easy to waive. Electronic statements waive the fee for the basic savings account. Waive the checking account fees by having a set amount in direct deposits or a set account balance. You must also sign up for electronic statements.

The HighQ savings account and some CDs offer the most competitive interest rates. The rates are competitive with other online-only accounts. There is no required amount to open the HighQ account and no monthly fees. This account can be opened online. The CDs require $1,000 to open.

The QChoice checking account offers ATM reimbursement. There are a variety of ATMs that are free of charge to Quorum customers. However, if you use an ATM that charges a fee, Quorum will reimburse that fee up to $15 per month. The fee reimbursement will deposit automatically into your account on the second business day of the following month.

To open an account with Quorum, you must become a member of the credit union. To open an account online, you must be over 18. If you are under 18, you must mail in the application. To establish your membership, you must open a basic savings account. The required amount is $5, but Quorum will fund that amount.

Most Quorum accounts do not offer competitive interest rates. Most account rates are competitive with typical brick and mortar bank rates. The HighQ savings account offers the most competitive rate. That account offers interest that is competitive with other online accounts.

Most Quorum account interest rates are tiered. The checking account requires a $20,000 balance to earn the most competitive rate. The money management account requires $250,000 to receive the best rate.

The only accounts offered through Quorum are personal deposit accounts. No specific business accounts are available. Those personal deposit accounts include checking and savings accounts, and CDs. The CDs range from three-months to five-year terms.

Read the full Quorum Federal Credit Union review.