If you are aged 55 or older, you may be interested in checking out the top three banks for senior citizens. These banks have been ranked based on how well they serve seniors, as well as their pros and cons. Here’s a look at the top three banks for senior citizens:
Axos Bank Golden: Annual
PROS:
- No minimum opening deposit
- No monthly fees
- Reimburses up to $8/month in out-of-network ATM fees
- 1 box of free checks every 6 months
- No overdraft fees
CONS:
- No physical locations
US Bank Easy Banking
PROS:
- $25 minimum opening deposit
- Free overdraft protection: money automatically transfers from a linked US Bank accounts
CONS:
- $6.95 monthly service fee
- $2.50 out-of-network ATM fee
TD Bank 60 Plus Banking
PROS:
- No minimum opening deposit
- Easy to waive $10 monthly service fee
- Free paper checks, paper statements, and money orders
- Receive a 0.25% discount on TD Bank home equity loans and personal loans
CONS:
- $10 monthly service fee
- $35 overdraft fee
- $3 fee when you use savings overdraft protection
- $3 out-of-network ATM fee
Posted in Banking, Sean WIll Insure
