Best Accounts for Seniors

Neo Financial

Neo Chequing account

Canada-wide CAD Chequing Account

Interest rate 0.10%

Monthly fee $0.00

Special offer Earn up to 15% cashback¹ when you shop with Neo partners. Instant access to your virtual Neo Money™ card, accepted anywhere Mastercard is.

Limited time offer: Earn $300 cash and a $50 Skip gift card when you become a new Simplii client

Simplii Financial

CDIC Insured

Simplii No Fee Chequing Account

Canada-wide CAD Chequing Account

Interest rate (tiered) Up to 0.01% Rate varies based on balance.

Monthly fee $0.00

Welcome bonus Earn a $350 Welcome Bonus: Earn $300 cash plus a $50 Skip gift card when you become a new Simplii client. Plus, you’ll pay no monthly fees. Terms apply. Offer ends Sept. 30, 2026.

Free Global Money Transfers. Free daily banking. Skip the monthly fees. Free access to over 3,400 CIBC ATMs across Canada.

National Bank of Canada

CDIC Insured

The Connected® Chequing Account

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $15.95

Welcome bonus Earn a $30 Welcome Bonus: Get $30 cashback when you get an eligible Mastercard credit card.

Special offer Special Pricing: 0-24 years old pay $0/mo. Seniors 60+ pay $10.95/mo. Newcomers pay $0/mo for the first year. Get a $5/mo discount with an eligible Mastercard. Newcomer Promo: Earn up to $600 cashback ($300 for chequing tasks, $100 for credit card, $100 for mortgage payments, $100 for savings deposit). Plus, $0 monthly fee for up to 3 years with qualifying criteria.

National Bank of Canada

CDIC Insured

The Total® Chequing Account

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $28.95

Welcome bonus Earn a $150 Welcome Bonus: Get up to $150 cashback when you get an eligible Mastercard credit card.

Special offer Special Pricing: 0-17 pay $18/mo. 18-24 pay $13/mo. Seniors 60+ pay $23.95/mo. Newcomers pay $0/mo for first year. Get a $10/mo discount with eligible Mastercard. Newcomer Promo: Earn up to $600 cashback ($300 for chequing tasks, $100 for credit card, $100 for mortgage payments, $100 for savings deposit). Plus, $0 monthly fee for up to 3 years with qualifying criteria.

National Bank of Canada

CDIC Insured

The Minimalist® Chequing Account

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $3.95

Special offer Special Pricing: $0/mo for Youth (0-24), Seniors 65+ with GIS, RDSP beneficiaries, Indigenous peoples, and Newcomers (first year).

ATB Financial

ATB Freedom Account

Regional CAD Chequing Account

Interest rate 0.00%

Monthly fee $0.00

Special offer Joint account holders receive the same benefits even if they are under 59.

BMO Bank of Montreal

CDIC Insured

BMO Practical Chequing Account

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $4.00

Special offer Special Pricing: Monthly fee is fully waived ($0) for Seniors.

BMO Bank of Montreal

CDIC Insured

BMO AIR MILES® Chequing Account

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $17.95

Special offer Special Pricing: Seniors pay $13.95/mo.