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retirement

Best Bank Accounts for Retirement

These checking accounts offer attractive perks to retirees.

Banks like retirees for one very big reason: They tend to keep a fair amount of cash on deposit. That’s why banks often offer special accounts or perks for older customers. Here are our two favorite bank accounts for retirees.

Favorite bank account for retirees: U.S. Bank Premium Checking Account

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What we like most:

  • monthly checking fee waived if you’re 65+
  • 50% off safe-deposit box
  • free checks and paper statements
  • no ATM fees charged by U.S. Bank
  • no charge for money orders or cashier’s checks

Runner-up: Fidelity Cash Management Account

What we like most:

  • no monthly fee
  • no minimum balance requirement
  • 0.07% interest rate
  • free checks and paper statements
  • reimbursement of all ATM fees

Be sure to check out our complete guide to all of the best banks of 2017.

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