Best Accounts for Seniors

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.

Scotiabank

CDIC Insured

Preferred Package

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $16.95

Welcome bonus Earn a $700 Welcome Bonus: Earn up to $700 when you bundle a Preferred Package, savings account, and registered account.

Special offer Earn an additional 0.05% interest on your MomentumPLUS Savings Account. Fee waived on one non-Scotiabank ABM withdrawal per month in Canada.

RBC Royal Bank

CDIC Insured

RBC Advantage Banking

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $12.95

Welcome bonus Earn a $350 Welcome Bonus: Get the new Apple Watch when you open this account and complete qualifying criteria. Offer ends June 1, 2026. Conditions apply.

Special offer Special Offers: Students and youth can earn a $100 bonus. Newcomers to Canada enjoy $0/month for the first year. Qualifying criteria apply.

RBC Royal Bank

CDIC Insured

RBC Signature No Limit Banking

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $16.95

Welcome bonus Earn a $350 Welcome Bonus: Get the new Apple Watch when you open this account and complete qualifying criteria. Offer ends June 1, 2026. Conditions apply.

RBC Royal Bank

CDIC Insured

RBC VIP Banking

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $30.00

Welcome bonus Earn a $350 Welcome Bonus: Get the new Apple Watch when you open this account and complete qualifying criteria. Offer ends June 1, 2026. Conditions apply.

TD Canada Trust

CDIC Insured

TD All-Inclusive Banking Plan

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $30.95

Welcome bonus Earn a $500 Welcome Bonus: Get $500 cash by opening by June 3, 2026 and completing two of the following by August 5, 2026: Recurring Direct Deposit, Recurring PAD, or Online Bill Payment.

TD Canada Trust

CDIC Insured

TD Unlimited Chequing Account

Canada-wide CAD Chequing Account

Interest rate 0.00%

Monthly fee $17.95

Welcome bonus Earn a $500 Welcome Bonus: Get $500 cash by opening a new TD Unlimited Chequing Account by June 3, 2026 and completing 2 of 3 qualifying conditions. Plus, pay no monthly fee for the first year (up to $215.40 value).