The Best Bank for You.

DISCOVER BANK www.discover.com Why it won: A no-fee checking account, high-yield savings accounts and strong customer service make Discover a bank worth considering for retirees. Sapphire customers also pay no monthly fee on Chase savings accounts and up to nine additional personal Chase checking accounts (excluding Private Client checking and savings). The menu of free checking accounts from Axos includes the basic ESSENTIAL CHECKING as well as REWARDS CHECKING, which pieces together a total yield based on which of several requirements the account holder meets. Recently, the ONLINE SAVINGS ACCOUNT yielded 3.9% with no minimum-deposit requirement, and the MONEY MARKET ACCOUNT - which comes with a debit card and free checks - yielded 3.8% on balances of less than $100,000 and 3.85% on higher balances. [Extracted from the article]