New Old Age: Drawbacks to Banking Accounts for Seniors

Do any of your loved ones have a banking account set up specifically for seniors?  New Old Age shares some key information as to why they may not be worth it.

By PAULA SPAN

Caveat check writer.

The Pew Charitable Trust, as part of a project titled “Still Risky: An Update on the Safety and Transparency of Checking Accounts,” has looked into so-called senior checking accounts at four of the largest United States banks and one large credit union.

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