Laurel Road, A Brand of KeyBank N.A.

Laurel Road, a Brand of KeyBank N.A., offers a high-yield savings account with a competitive Annual Percentage Yield (APY) and no monthly maintenance fees or minimum balance requirements. The account can be managed online or via the mobile app, with FDIC insurance covering up to $250,000. additional features include an automatic savings plan and IRA transfers.

Pros

• Competitive APY compared to other high-yield savings accounts
• No monthly maintenance fees or minimum balance requirements
• Online account management and mobile app availability
• FDIC insurance up to $250,000
• Automatic savings plan and IRA transfers available

Cons

• No physical branches or ATMs; entirely online and mobile based
• Limited customer service options to phone and email
• No check writing or debit card
• No cash deposits or transfers allowed
• May not be suitable for frequent savers due to transaction limits