Laurel Road (KeyBank)
Laurel Road (KeyBank) High Yield Savings
By Alex Compton · Last verified
A once-competitive HYSA absorbed into KeyBank as the Laurel Road brand winds down
Insurance: FDIC insured up to $250,000 through KeyBank, N.A. (Laurel Road is a KeyBank brand)
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-09-07 | 3.50% for existing accounts (as of September 2026); closed to new applicants | $0 | Closed to new applicants | Archive record · no attached snapshotLegacy snapshot; event-level evidence was not attached at the time |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Features
- ▸Laurel Road officially moved under the KeyBank brand on March 16, 2026; the website now redirects to Key.com
- ▸Existing High Yield Savings accounts continue earning a competitive rate
- ▸Historically paired with $200 signup bonuses and healthcare-professional perks
- ▸New savers are routed to KeyBank's conventional (much lower-rate) savings lineup
- ▸Laurel Road's student loan refinancing business also migrated to KeyBank channels
- ▸No fees or minimums on legacy accounts
Pros
- +Existing holders keep 3.50% with no fees for now
- +KeyBank backing means zero safety concern through the transition
Cons
- −Closed to new customers — this account cannot be opened in 2026
- −KeyBank's mainline savings rates are dramatically worse, so migration risk is real
- −Brand wind-downs historically end with legacy rates quietly decaying
Our Take
Laurel Road's HYSA was a sleeper pick for years, but the brand was folded into KeyBank in March 2026 and the front door is closed. Existing customers should enjoy 3.50% while watching statements closely: when a legacy product migrates to a branch bank's platform, the rate rarely survives. Have an exit account ready at EverBank or Openbank.
Best for: Existing Laurel Road customers only — monitor and be ready to move
Open at Laurel Road (KeyBank) →Last verified 2026-09-07
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