3 Bank Accounts With Perks for Customers Age 55 and Older

Seniors with credit cards
Photo by Chaay_Tee / Shutterstock.com

You’ve turned 55? Congratulations! Some of the best senior discounts are now yours for the taking. That might include big savings at the bank.

Take for example the following checking accounts. They offer exclusive discounts or other perks for older customers.

1. TD Bank’s TD60 Plus Checking

TD Bank’s TD 60 Plus Checking account is for customers 60 years of age and older.

It requires no minimum opening deposit and pays interest — 0.05% annual percentage yield (APY), as of the time this article was written.

Other perks include:

  • Free checks
  • Free paper statements
  • No monthly maintenance fee — if you maintain a minimum daily balance of $250

Find a TD Bank near you.

2. BB&T’s Senior Checking

BB&T’s Senior Checking account is for customers age 55 and older.

It requires a minimum opening deposit of $100.

Other perks include:

  • Free checks
  • No monthly maintenance fees if you maintain an average checking balance of $1,000 per statement cycle, or receive direct deposits totaling at least $500 per statement cycle

Find a BB&T location near you.

3. Axos Bank’s Golden Checking

Axos Bank’s Golden Checking account is for those 55 years of age and older.

It has no minimum-balance requirements but does require a $50 initial minimum deposit. It pays interest — 0.20% APY, as of the time this article was written.

Other perks include:

  • Free checks
  • No monthly maintenance fee
  • ATM fee reimbursements of up to $8 per month for domestic ATM transactions

Axos Bank is an online-only bank.

Other options

Some smaller banks also offer checking accounts for older customers. So, you may want to ask small banks in your area if they offer one. For example, the following accounts are offered by small banks to customers age 55 and older:

  • Senior Select checking from First National Bank, which has locations in Texas
  • Q Crown Plus checking from Queensborough National Bank and Trust Co., which has locations in Georgia
  • Silver Wings Checking from Travis Credit Union, which has locations in California

Of course, just because you’re 55 or older, that doesn’t mean the best checking account for you will have a word like “senior” in its name. So, also consider “regular” checking accounts. For help finding an interest-bearing checking account, try out Money Talks News’ account search tool.

Would you recommend a particular bank account to folks age 55 and older? Share it with us by commenting below or on our Facebook page.

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