Best Banks and Credit Unions for Seniors for 2027
A large portion of the country is enjoying their golden years. In fact, nearly 19% of the U.S. population is 65 or older, according to the U.S. Census Bureau. As you enter retirement, your banking needs change — and that's where we come in.
To identify the best banks and credit unions for seniors, Money researched leading financial institutions with senior-specific programs or accounts, including checking accounts, savings accounts, money market accounts, certificates of deposit (CDs) or share certificates. Here are out top picks for 2027:
- PNC: Best Overall
- FitnessBank: Best for Checking Accounts
- East West Bank: Best for Savings Accounts
- Huntington Bank: Best for Elder Support
- Golden 1 Credit Union: Best for Extra Perks
- Regions: Best for Fee Waivers
- Bank of America: Best for Branch Access
*Rates and APYs are subject to change. All information provided here is accurate as of Oct. 9, 2026.
PNC combines the accessibility and service of a traditional brick-and-mortar bank with innovative digital and mobile banking tools. Customers 62 or older can qualify for a PNC Simple Checking account with no monthly fees and a low $25 account minimum.
PNC also offers comprehensive wealth management services, including financial planning for personalized assistance for retirees and trust and estate planning services. It operates in all 50 states, and with over 60,000 locations, it boasts one of the most extensive ATM networks of all the banks and credit unions analyzed by Money.
- Fee waivers on checking accounts for those 62+
- Higher-than-average CD rates
- Extensive ATM network
- Low APYs on savings accounts
- $1,000 minimum deposit requirement for CDs
- Branches only available in 27 states
If you're in good health and willing to connect your bank account with your wellness routine, the FitnessBank Senior Checking Account allows you to earn a significantly higher-than-average APY on your balance as long as you meet the account's requirements.
FitnessBank customers can earn up to 3.9% APY on their checking account if they maintain an average step count of 7,500 daily steps and complete 15 debit card transactions per month. And though the account has a $10 monthly maintenance fee, you can qualify for a fee waiver by maintaining a balance of $100.
- Among the highest APYs for checking accounts
- Easy-to-qualify-for fee waivers
- High-yield savings accounts available
- No money market accounts or CDs
- No physical branches
- Lower APYs if you don't meet step requirements
Although the East West Bank primarily serves residents of California, it has digital banking options for residents of Georgia, Massachusetts, Nevada, New York, Texas and Washington, too. If you live in an eligible state and are 62+ years old, you can take advantage of its senior account options, such as the Seniors Savings account.
The Senior Savings Accounts require a $100 minimum deposit, but this interest-earning account has no monthly fees. The account also offers mobile and online banking, which includes online bill pay and direct deposit. East West Bank also offers 24-hour automated telephone banking. However, the bank does not advertise current APYs on its website.
- Senior savings account option
- Senior checking account option
- No monthly maintenance fees
- Only available in seven states
- $100 minimum balance requirement for savings account
- No money market accounts
As you age, you'll need to balance your desire for independence with some safeguards. Huntington Bank's Caregiver Banking program could be useful for that. Customers can designate a caregiver but retain ownership of their accounts, and the caregiver can view transactions to help spot potential scams or accidental purchases.
Huntington Bank has fee-free checking account options, so fees won't eat away at your checking account balance. It also offers higher-than-average APYs on CDs. Branch locations are in 13 states.
- Caregiver banking options
- Fee-free checking account options
- Higher-than-average CD APYs
- Not available to residents of all states
- Savings and money market accounts have monthly service fees
- Lower-than-usual APYs for savings
Golden 1 is a California-based credit union with a specialized account option for seniors: the Golden Prestige Checking Account. Exclusively designed for credit union members 62 or older, the account has no monthly maintenance fees, and it includes perks like free custom image checks every year, free cashier's checks, free domestic money wire transfer services and free notary services.
Golden 1 Credit Union also offers significantly higher-than-average APYs on its money market accounts and share certificates — the credit union version of a CD. Additionally, members of the credit union can qualify for extra benefits like discounts on theme parks tickets and travel accommodations; special offers on legal wills and trusts; and discounts on insurance policies.
- Robust account benefits
- Special discounts from partners
- Higher-than-average APYs on money market accounts
- Limited membership eligibility
- Relatively low APYs on regular savings accounts
- Limited share certificate terms
Many banks charge monthly maintenance fees, but that's not the case with Regions' 62+ LifeGreen Checking account. This account has no monthly fees for those who maintain a $1,500 average monthly balance and either receive a combined $1,000 in direct deposits per month or at least $300 in other individual deposits per month.
The account also includes perks like an annual bonus of up to $100 when you set up automatic monthly transfers and early paycheck access when you sign up for direct deposit. Plus, you can earn cash back rewards when you use your debit card at participating merchants. Regions branch locations are in 15 states.
- Specialized 62+ LifeGreen Checking Account
- Free legacy planning guides
- Ability to earn cash back
- Branches only available in some states
- Fees apply to most deposit accounts
- Lower-than-average APYs on savings accounts
If you prefer to handle the majority of your banking activities in person rather than online or through a mobile app, Bank of America may be a good fit. The second-largest bank in the U.S. by total assets, Bank of America also has a huge network of physical, brick-and-mortar branches. You can visit one of its 3,500 financial centers for in-person assistance, or you can use one of the 15,000 ATMs in its ATM network.
Although Bank of America doesn't have senior-specific accounts, it does offer elder financial care support services. You can designate beneficiaries or payable upon death (POD) beneficiaries in addition to naming a trusted contact, creating a power of attorney or setting up a joint account with a family member or friend.
- Large branch and ATM networks
- Elder financial care support services
- Estate planning services available
- No specialized accounts for seniors
- Must have at least $20,000 in accounts to maximize perks
- Poor Trustpilot reviews
How we chose the best banks and credit unions for seniors for 2027
To determine our list of best banks for 2027, Money evaluated dozens of traditional banks, credit unions and digital or online banks. We compared senior-specific accounts, programs and perks, prioritizing account options with no monthly fees and higher-than-usual interest rates.
We also considered extra benefits and services, such as caregiver banking programs or estate planning services, while prioritizing banks and credit unions that offer broad ATM networks and low fees.
AI was not used in the sourcing of Best Banks data, the analysis of that data or the content subsequently produced by Money's editorial team. You can read our full methodology here.