Senior Checking Accounts: Are They Worth It?
- August 8, 2012
- Safe Checking in the Electronic Age
Banks offer special accounts for specific populations. Consumers should evaluate their options carefully before choosing their account type.
As Americans open checking accounts across the country, many are often offered special products that banks market exclusively to seniors. In this series of fact sheets, Pew looks at whether students and seniors actually receive a better deal with these special accounts, or whether they would be better off forgoing those products and choosing basic checking.