Anyone looking for a new bank may want to take a few minutes to check out KeyBank. Colorado is KeyBank’s first venture outside of the Northwest and Northeast (outside of Florida) and may be a sign of the bank looking to expand across the country. You can find a location near you by visiting their promotional page here.
To celebrate the expansion into Colorado, KeyBank is now offering a 16 month and 32 month CD special with rates of 1.75% and 2.75%. These rates are competitive to the highest cd rates of today, but the minimum deposit is $10,000, which is high compared to what is available. An example is, Discover Bank has a 2.35% rate on a 30 month CD with a minimum deposit of $2,500 and ING Direct’s 2.10% 12 month CD has no minimum deposit. These CD specials are also only available at the new Colorado branches only.
The best deal with KeyBank opening in Colorado is that they are giving out a $200 checking bonus to anyone who opens a new account at one of the new locations. You will not find the deal on its website, but can find a print ad that has been running in the Denver Post. To earn the $200 bonus all you need to do is open the account by 12/4/09 and make one debit card transaction and a combination of two direct deposits and/or automatic payments each of $100 or more by 2/5/10.