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Laurel Road and American Optometric Association Enhance Partnership with Expansion of Financial Product Offering to Further Benefit AOA Members Through AOAExcel

Press Release

Published August 31, 2022

Laurel Road partnership offers new products at discount to further empower AOA members

August 31, 2022 (New York, NY)Laurel Road, a digital banking platform of KeyBank with specialized offering for healthcare and business professionals and long-time partner, the American Optometric Association (AOA), leading authority on and advocate for quality eye health care, representing doctors of optometry, optometry students, and optometric professionals, have bolstered their partnership with the addition of three new products to support members of the AOA.

These three new products offered through AOAExcel include Laurel Road’s High Yield Savings, Linked Checking, and a Student Loan Cashback credit card. Through AOAExcel, members of the AOA, notably doctors of optometry, can access tools and resources to take control of their financial health. For over 5 years, Laurel Road has been a partner of AOAExcel providing solutions for members to achieve business and career success with confidence.

“At Laurel Road, we understand optometrists undergo extensive post-graduate education and training in order to provide essential patient care. In turn, we’ve developed products and services to help alleviate the burden and serve as a resource medical professionals can depend on at each life and career stage,” said Janet Fields, Head of Business Development and Partnerships at Laurel Road. “We are confident our products will provide AOA members with valuable options as they chart their financial roadmap going forward.”

With a high yield savings account, ODs can more easily plan for the future. AOA members qualify for $0 cost to open and receive a $100 cash bonus for opening an account.

When ODs refinance their student loans with Laurel Road, they will now have access to a Laurel Road Linked CheckingSM account to qualify for additional rate reductions. AOA members will automatically qualify for an introductory 0.25% off interest rate for the first three months (in addition to the AOA discount). Following that, the rate discount will vary based on their total qualifying monthly direct deposit amount, offering the opportunity to lower their student loan refinancing rate by up to 0.55%.

The Student Loan Cashback Card allows AOA members to chip away at student loans by making everyday purchases. This is the first credit card that lets holders redeem 2% cashback towards student loans with any eligible student loan servicer or redeem 1% cashback towards anything else. AOA members are eligible for a $100 cash bonus after activating.

“These three new financial products will continue AOAExcel’s quest to provide resources that allow our members to practice and flourish with confidence,” said AOAExcel Chairman of the Board Samuel Pierce, O.D. “Laurel Road has built trust with AOA members through refinancing of student loans, and we are looking forward to seeing that relationship continue to develop through these new offerings.”

About Laurel Road

Laurel Road is a digital banking platform and brand of KeyBank that provides tailored offerings to support the financial wellbeing of healthcare and business professionals. Laurel Road’s banking and lending solutions, including Laurel Road Checking® and savings accounts, Laurel Road Loyalty CheckingSM, Laurel Road Student Loan Cashback® Card, Student Loan Refinancing, Mortgages, Personal Loans and more, provide our members with a simplified, personalized experience that helps them better navigate their financial journey and achieve life’s goals. Additionally, Laurel Road has reimagined banking and financial management for physicians and dentists through Laurel Road for Doctors, a tailored digital experience made up of banking, insights and exclusive benefits to provide the financial help and peace of mind they need through each career stage. The digital banking platform also expanded its offering to nurses with the launch of Loyalty Checking, the first checking account designed with nurses in mind. Through its partnership with GradFin to offer Public Service Loan Forgiveness (PSLF) services to healthcare professionals, Laurel Road will continue to strategically align with like-minded organizations that can enhance the service it offers to its members. Since 2013, Laurel Road has helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $9 billion in federal and private school loans. For more information, visit http://www.laurelroad.com . Laurel Road is a brand of KeyBank National Association. All products offered by KeyBank N.A. Member FDIC. NMLS # 399797. Equal Housing Lender. © 2022 KeyCorp® All Rights Reserved. Laurel Road is a federally registered service mark of KeyCorp.

About AOAExcel

AOAExcel (aoa.org/AOAExcel) is a member-benefit of the American Optometric Association that helps doctors of optometry practice smarter and more efficiently in both their personal and professional lives with AOAExcel’s proven tools of success. AOAExcel offers multiple products and services through their endorsed business partners, including a career center job board exclusively for optometrists, malpractice & other business insurance, vendor discounts, retirement planning, life/disability insurance, student loan refinancing, merchant processing, and HIPAA compliance.