Laurel Road (KeyBank)
Laurel Road (KeyBank) High Yield Savings
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)
Features
- ▸Laurel Road's website now redirects to Key.com as the brand is folded into KeyBank
- ▸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 is being absorbed into KeyBank 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 2026-06-11
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