diff --git a/public/app/features/api-keys/state/actions.ts b/public/app/features/api-keys/state/actions.ts
index ca9da51bee7..e07ae604437 100644
--- a/public/app/features/api-keys/state/actions.ts
+++ b/public/app/features/api-keys/state/actions.ts
@@ -1,5 +1,7 @@
 import { config } from '@grafana/runtime';
 import { getBackendSrv } from 'app/core/services/backend_srv';
+import store from 'app/core/store';
+import { API_KEYS_MIGRATION_INFO_STORAGE_KEY } from 'app/features/serviceaccounts/constants';
 import { ApiKey, ThunkResult } from 'app/types';
 
 import {
@@ -52,6 +54,7 @@ export function migrateAll(): ThunkResult<void> {
   return async (dispatch) => {
     try {
       await getBackendSrv().post('/api/serviceaccounts/migrate');
+      store.set(API_KEYS_MIGRATION_INFO_STORAGE_KEY, true);
     } finally {
       dispatch(getApiKeysMigrationStatus());
       dispatch(loadApiKeys());
diff --git a/public/app/features/serviceaccounts/ServiceAccountsListPage.test.tsx b/public/app/features/serviceaccounts/ServiceAccountsListPage.test.tsx
index d40a59b4071..e2222f4f628 100644
--- a/public/app/features/serviceaccounts/ServiceAccountsListPage.test.tsx
+++ b/public/app/features/serviceaccounts/ServiceAccountsListPage.test.tsx
@@ -23,6 +23,8 @@ const setup = (propOverrides: Partial<Props>) => {
   const changeStateFilterMock = jest.fn();
   const createServiceAccountTokenMock = jest.fn();
   const getApiKeysMigrationStatusMock = jest.fn();
+  const getApiKeysMigrationInfoMock = jest.fn();
+  const closeApiKeysMigrationInfoMock = jest.fn();
   const props: Props = {
     navModel: {
       main: {
@@ -43,6 +45,7 @@ const setup = (propOverrides: Partial<Props>) => {
     totalPages: 1,
     serviceAccounts: [],
     apiKeysMigrated: false,
+    showApiKeysMigrationInfo: false,
     changeQuery: changeQueryMock,
     fetchACOptions: fetchACOptionsMock,
     fetchServiceAccounts: fetchServiceAccountsMock,
@@ -51,6 +54,8 @@ const setup = (propOverrides: Partial<Props>) => {
     changeStateFilter: changeStateFilterMock,
     createServiceAccountToken: createServiceAccountTokenMock,
     getApiKeysMigrationStatus: getApiKeysMigrationStatusMock,
+    getApiKeysMigrationInfo: getApiKeysMigrationInfoMock,
+    closeApiKeysMigrationInfo: closeApiKeysMigrationInfoMock,
   };
 
   Object.assign(props, propOverrides);
diff --git a/public/app/features/serviceaccounts/ServiceAccountsListPage.tsx b/public/app/features/serviceaccounts/ServiceAccountsListPage.tsx
index 070dc7a9fd8..b713b28d3b3 100644
--- a/public/app/features/serviceaccounts/ServiceAccountsListPage.tsx
+++ b/public/app/features/serviceaccounts/ServiceAccountsListPage.tsx
@@ -23,6 +23,8 @@ import {
   changeStateFilter,
   createServiceAccountToken,
   getApiKeysMigrationStatus,
+  getApiKeysMigrationInfo,
+  closeApiKeysMigrationInfo,
 } from './state/actions';
 
 interface OwnProps {}
@@ -45,6 +47,8 @@ const mapDispatchToProps = {
   changeStateFilter,
   createServiceAccountToken,
   getApiKeysMigrationStatus,
+  getApiKeysMigrationInfo,
+  closeApiKeysMigrationInfo,
 };
 
 const connector = connect(mapStateToProps, mapDispatchToProps);
@@ -58,6 +62,7 @@ export const ServiceAccountsListPageUnconnected = ({
   query,
   serviceAccountStateFilter,
   apiKeysMigrated,
+  showApiKeysMigrationInfo,
   changeQuery,
   fetchACOptions,
   fetchServiceAccounts,
@@ -66,6 +71,8 @@ export const ServiceAccountsListPageUnconnected = ({
   changeStateFilter,
   createServiceAccountToken,
   getApiKeysMigrationStatus,
+  getApiKeysMigrationInfo,
+  closeApiKeysMigrationInfo,
 }: Props): JSX.Element => {
   const styles = useStyles2(getStyles);
   const [isAddModalOpen, setIsAddModalOpen] = useState(false);
@@ -77,10 +84,11 @@ export const ServiceAccountsListPageUnconnected = ({
   useEffect(() => {
     fetchServiceAccounts({ withLoadingIndicator: true });
     getApiKeysMigrationStatus();
+    getApiKeysMigrationInfo();
     if (contextSrv.licensedAccessControlEnabled()) {
       fetchACOptions();
     }
-  }, [fetchACOptions, fetchServiceAccounts, getApiKeysMigrationStatus]);
+  }, [fetchACOptions, fetchServiceAccounts, getApiKeysMigrationStatus, getApiKeysMigrationInfo]);
 
   const noServiceAccountsCreated =
     serviceAccounts.length === 0 && serviceAccountStateFilter === ServiceAccountStateFilter.All && !query;
@@ -157,13 +165,13 @@ export const ServiceAccountsListPageUnconnected = ({
   };
 
   const onMigrationInfoClose = () => {
-    // TODO: dismiss banner permanently
+    closeApiKeysMigrationInfo();
   };
 
   return (
     <Page navModel={navModel}>
       <Page.Contents>
-        {apiKeysMigrated && (
+        {apiKeysMigrated && showApiKeysMigrationInfo && (
           <Alert
             title="API keys migrated to Service accounts. Your keys are now called tokens and live inside respective service
           accounts. Learn more."
diff --git a/public/app/features/serviceaccounts/constants.ts b/public/app/features/serviceaccounts/constants.ts
new file mode 100644
index 00000000000..40ed3e20666
--- /dev/null
+++ b/public/app/features/serviceaccounts/constants.ts
@@ -0,0 +1 @@
+export const API_KEYS_MIGRATION_INFO_STORAGE_KEY = 'grafana.serviceaccounts.showApiKeysMigrationInfo';
diff --git a/public/app/features/serviceaccounts/state/actions.ts b/public/app/features/serviceaccounts/state/actions.ts
index aeebfa4e6ac..39129f7a8e7 100644
--- a/public/app/features/serviceaccounts/state/actions.ts
+++ b/public/app/features/serviceaccounts/state/actions.ts
@@ -3,9 +3,11 @@ import { debounce } from 'lodash';
 import { getBackendSrv } from '@grafana/runtime';
 import { fetchBuiltinRoles, fetchRoleOptions } from 'app/core/components/RolePicker/api';
 import { contextSrv } from 'app/core/services/context_srv';
+import store from 'app/core/store';
 import { AccessControlAction, ServiceAccountDTO, ServiceAccountStateFilter, ThunkResult } from 'app/types';
 
 import { ServiceAccountToken } from '../components/CreateTokenModal';
+import { API_KEYS_MIGRATION_INFO_STORAGE_KEY } from '../constants';
 
 import {
   acOptionsLoaded,
@@ -17,6 +19,7 @@ import {
   serviceAccountsFetchEnd,
   apiKeysMigrationStatusLoaded,
   stateFilterChanged,
+  showApiKeysMigrationInfoLoaded,
 } from './reducers';
 
 const BASE_URL = `/api/serviceaccounts`;
@@ -140,3 +143,17 @@ export function changePage(page: number): ThunkResult<void> {
     dispatch(fetchServiceAccounts());
   };
 }
+
+export function getApiKeysMigrationInfo(): ThunkResult<void> {
+  return async (dispatch) => {
+    const showApiKeysMigrationInfo = store.getBool(API_KEYS_MIGRATION_INFO_STORAGE_KEY, false);
+    dispatch(showApiKeysMigrationInfoLoaded(showApiKeysMigrationInfo));
+  };
+}
+
+export function closeApiKeysMigrationInfo(): ThunkResult<void> {
+  return async (dispatch) => {
+    store.set(API_KEYS_MIGRATION_INFO_STORAGE_KEY, false);
+    dispatch(getApiKeysMigrationInfo());
+  };
+}
diff --git a/public/app/features/serviceaccounts/state/reducers.ts b/public/app/features/serviceaccounts/state/reducers.ts
index 571ec2b40d7..ad03360aeed 100644
--- a/public/app/features/serviceaccounts/state/reducers.ts
+++ b/public/app/features/serviceaccounts/state/reducers.ts
@@ -52,6 +52,7 @@ export const initialStateList: ServiceAccountsState = {
   showPaging: false,
   serviceAccountStateFilter: ServiceAccountStateFilter.All,
   apiKeysMigrated: false,
+  showApiKeysMigrationInfo: false,
 };
 
 interface ServiceAccountsFetched {
@@ -93,6 +94,9 @@ const serviceAccountsSlice = createSlice({
     apiKeysMigrationStatusLoaded: (state, action): ServiceAccountsState => {
       return { ...state, apiKeysMigrated: action.payload };
     },
+    showApiKeysMigrationInfoLoaded: (state, action): ServiceAccountsState => {
+      return { ...state, showApiKeysMigrationInfo: action.payload };
+    },
     queryChanged: (state, action: PayloadAction<string>) => {
       return {
         ...state,
@@ -119,6 +123,7 @@ export const {
   acOptionsLoaded,
   builtInRolesLoaded,
   apiKeysMigrationStatusLoaded,
+  showApiKeysMigrationInfoLoaded,
   pageChanged,
   stateFilterChanged,
   queryChanged,
diff --git a/public/app/types/serviceaccount.ts b/public/app/types/serviceaccount.ts
index 836bdaaf8f1..b99131be095 100644
--- a/public/app/types/serviceaccount.ts
+++ b/public/app/types/serviceaccount.ts
@@ -67,6 +67,7 @@ export interface ServiceAccountsState {
   roleOptions: Role[];
   builtInRoles: Record<string, Role[]>;
   apiKeysMigrated: boolean;
+  showApiKeysMigrationInfo: boolean;
 
   // search / filtering
   query: string;