KeyBank vs Discover Bank
KeyBank is a bank with a variety of deposit products and great financial tools. How does it compare to Discover Bank? Read our comparison chart below.
KeyBank has over 1,000 branches in 15 states. It offers a range of checking and savings accounts. Some relationship products offer perks like lower loan rates and higher savings APY. KeyBank has higher monthly service fees and heavier requirements to waive, but there is a free checking option.
While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no service fees.
Compare KeyBank with Discover Bank, side-by-side.
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| Visit Site | Learn More | |
KeyBank | Discover Bank | |
|---|---|---|
Key Select Checking® - $500 Bonus - | Online Savings Account - Earn 3.40% APY - | |
Benefits and Features | ||
| Savings | 0.01% APY. $10 minimum opening deposit. $4 monthly maintenance fee unless you are an owner of a KeyBank consumer checking account. | |
| CD | Standard Term CD: 0.05% APY. Terms of 7 days to 10 years. Minimum deposit of $2,500. | 2.00% to 3.90% APY depending on terms |
| Money Market | 1.89% blended APY on balances of $25,000 or more. $5,000 minimum opening deposit. Monthly maintenance charge of $20. Can be waived with $25,000 daily balance OR having a relationship package checking account. | |
| Mobile App | ||
| ATMs | 40,000+ KeyBank and Allpoint ATMs nationwide | |
| Customer Service | Telephone Service available 24/7 | |
| Locations | 1,000+ branches in 15 states: Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington. | |
CreditDonkey® Reviews | ||
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| Savings |   | |
| CD |  | |
| Checking | | |
| Money Market | | |
| Mobile App | | |
| Customer Service | | |
| Pros & Cons | Pros:
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| Bottom Line | Bank with a variety of deposit products and great financial tools... | |
| Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. KeyBank: Pricing information from published website as of 12/02/2025 based on 44114 zip code. Discover Bank: Pricing information and data points from published website as of 12/15/2025. | ||
Key Select Checking® - $500 Bonus
- Open a Key Select Checking® account online by May 22, 2026.
- Make the minimum opening deposit of $50 and make a total of $5,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
Key Smart Checking® - $300 Bonus
- Open a Key Smart Checking® account online by May 22, 2026.
- Make the minimum opening deposit of $10 and a total of $2,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $300 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing KeyBank or U.S. Bank.
Articles on KeyBank
KeyBank Review
KeyBank Routing Number
Which Do You Think is Best?
Which Bank Account is Right for You?
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