4 Best Banks for Seniors 2021-2022 | Smart Change: Personal Finance | thesouthern.com – The Southern – Featured Articles

Leslie Cook

One of the perks of growing older is discounts on everything from movie tickets to restaurants — to bank accounts. The best bank accounts for seniors waive fees and offer an array of discounts to help you keep your nest egg intact a little longer.

As you look for the perfect senior bank account, keep in mind that different banks will have different age requirements: 62 is most common, but some banks allow you to sign up as early as age 50.

Once you figure out where you qualify, it’s easy to compare perks. Look for things like higher interest rates on savings accounts, free checking or discounts on other banking services like safe deposit box rentals or lower interest rates on loans.

Our Top Picks for Best Accounts for Seniors of 2021

To improve your financial health, open a Checking Account.

Whether your financial landscape is well-established, or you’re just beginning to build financial literacy, there are many advantages you’ll experience by opening an account with NBKC.

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Best Bank Accounts for Seniors Reviews

TD Bank

TD Bank’s 60 Plus Checking Account combines a low opening balance requirement, no fees, free checks and discounts on select loans. Plus, the account earns interest. All that makes TD Bank our pick for best overall for seniors.

  • $0 opening balance requirement
  • Checking account earns interest
  • Free standard checks plus discounts on select styles
  • Interest rate discounts on home equity and personal loans
  • $10 monthly maintenance fee
  • Limited number of bank branches in the U. S.

Anyone who is 60 years of age or older can open the 60 Plus Checking Account account with $0. The account pays 0.01% interest, which is not much but still beats the zilch offered by other national banks. The account does have a $10 monthly maintenance fee, but it is waived if you keep a minimum daily balance of just $250.

This account offers a number of free benefits specifically for seniors. There are no charges for online or paper statements, money orders or official bank checks. TD Bank logo checks are free (or get a discount on select check styles if you prefer). You’ll …….

Source: https://thesouthern.com/business/investment/personal-finance/4-best-banks-for-seniors-2021-2022/article_b3547e4f-0dd3-5812-b849-fec0c5c3ca6f.html

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