Top 15 Checking Accounts for Seniors

2. Schwab Investor Checking™ account

Insider Monkey Score: 24       

Annual Percentage Yield (APY): 0.45%           

Minimum Opening Deposit: None

Monthly Maintenance Fees: None

The Schwab Investor Checking Account is best for seniors who wish to avail of unlimited ATM fee reimbursements, both locally and abroad. It has no monthly fees or minimum balance requirements and offers an APY of 0.45%. One disadvantage, however, is that it does not accept cash deposits and one must set up a direct deposit, transfer or wire the money at another institution, or deposit a check via mobile check deposit.