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Old 06-14-2014, 11:22 AM
 
Location: SC
8,793 posts, read 5,672,057 times
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It there any bank that caters more to the needs of the retired than the general public?

I cannot think of too many requirements, but the first that comes to mind is a checking account with high liquidity - but also a relatively good interest rate. Right now I am with BOFA and the most I see is about 1% on checking. When I pull the trigger and retire I would like to see "AT LEAST" the 2.5% I am getting out of my Bonds - Savings Bonds.
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Old 06-14-2014, 12:06 PM
 
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>I would like to see "AT LEAST" the 2.5%

Umm, until the economy livens up and the treasury bill rate goes up...you're not going to see this anywhere.
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Old 06-14-2014, 04:34 PM
 
Location: Los Angeles area
14,018 posts, read 17,759,876 times
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And I would like to see 100% interest on my checking account with the proviso that the real cost of living in the United States remain at zero percent increase. Any suggestions for which bank(s) may provide that?
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Old 06-14-2014, 07:12 PM
 
Location: Florida
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Probably not. But what services do you want? I would think they are available from some bank. I think a lot of banks have lower or no fees for older individuals.
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Old 06-14-2014, 07:31 PM
 
Location: OH>IL>CO>CT
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Check with a local bank or credit union for a "50+" checking account. Mine does not pay much interest, but it is fee-free otherwise with only a $50 minimum balance.
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Old 06-15-2014, 08:21 PM
 
Location: NYC
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I started using Ally Bank, they have a decent rate on their savings accounts & it is compounded daily unlike most others, just trying to get what little extra I can these days....
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Old 06-15-2014, 08:29 PM
 
Location: SC
8,793 posts, read 5,672,057 times
Reputation: 12805
Quote:
Originally Posted by reed303 View Post
Check with a local bank or credit union for a "50+" checking account. Mine does not pay much interest, but it is fee-free otherwise with only a $50 minimum balance.

Quote:
Originally Posted by Hefe View Post
I started using Ally Bank, they have a decent rate on their savings accounts & it is compounded daily unlike most others, just trying to get what little extra I can these days....
I'll check them out.
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