Top 15 Checking Accounts for Seniors

1. Sofi Checking and Savings

Insider Monkey Score: 25       

Annual Percentage Yield (APY): 0.50%           

Minimum Opening Deposit: None

Monthly Maintenance Fees: None

Based on our methodology, the top checking account for seniors is the Sofi Checking and Savings Account. No minimums, no account maintenance fees, and a high-yield checking account offering 0.50% APY on checking balances make it an ideal checking account for seniors. Users who open a checking account at Sofi will automatically have a savings account opened in their name, hence the name checking and savings. The Sofi app helps manage online transactions easily, while the Sofi debit card is operable in the 55,000 ATMs across the network. Other benefits include automatic roundups on all debit card purchases and overdraft coverage with no fees.

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