As of August 2015, the current rates for certificates of deposit offered by KeyBank are available online. KeyBank currently offers three varieties of CDs with varying rates of return: Key short-term CDs, Key tiered CDs and Key jumbo CDs, as explained on its website.
CDs are low-risk investment options for people who want a reliable return on their investment, according to the U.S. Securities and Exchange Commission. When investing in a CD, money is held for a fixed number of months, and upon maturation, the initial investment is returned plus any accrued interest. CDs typically offer a higher interest rate than a savings account, making them appealing to investors who do not desire much risk in their investments. Further, the SEC claims that, unlike other types of investments, CDs are federally insured up to $250,000.
Key short-term CDs, for an investment of at least $2,500 for a term between seven days and six months, offer a return of 0.1 percent, according to KeyBank. Key tiered CDs offer a rate of between 0.1 percent and 0.75 percent based upon the initial investment amount and the investment term. Key jumbo CDs, for investments of at least $100,000, offer a 0.1 percent return for a term between seven days and six months and a return of up to 0.746 percent for investment terms longer than 12 months.