Best Banks for Retirees, 2017

Banks like having retirees as customers because they tend to keep a lot of cash on deposit.

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Banks like having retirees as customers because they tend to keep a lot of cash on deposit. So banks often offer special accounts or perks to older customers.

Our top picks have senior-friendly accounts, offering rewards that include no-fee checking accounts that earn interest, as well as access to a range of savings, retirement and investment accounts. Bonus: They don't impose penalties for traditional bank perks, such as paper statements, and even offer free checks.

Lisa Gerstner
Contributing Editor, Kiplinger's Personal Finance

Lisa has spent 15 years with Kiplinger’s Personal Finance and heads up the magazine’s annual rankings of the best banks, best rewards credit cards, and financial-services firms with the best customer service. She reports on a variety of other topics, too, from retirement to health care to money concerns for millennials. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.