The study was conducted to examine the individual and joint effects of extrinsic motivation, manipulated via monetary reward, and curiosity, a form of intrinsic motivation, on long-term memory in the context of a trivia paradigm, in healthy younger and older adults. During the incidental encoding phase on Day 1, 60 younger and 53 older participants viewed high- and low-curiosity trivia as well as unrelated face stimuli. Half of the participants in each age group received financial rewards for correctly guessing trivia answers. On Day 2, participants completed old-new recognition tests for trivia and face stimuli. Both curiosity and reward were associated with enhanced trivia recall, but the effects were interactive, such that only low-curiosity items benefitted from monetary reward. Neither curiosity nor reward affected face recognition performance in either age group. This pattern was similar for younger and older adults. The current data indicate that individual and joint effects of intrinsic and extrinsic motivation on long-term memory are relatively preserved in healthy aging, a finding that highlights the viability of motivational strategies for memory enhancement into old age. Identifying conditions under which memory for unrelated information benefits from motivational spillover effects is a priority for future research.