Posted by William Charles on September 26, 2016
Savings Accounts

Published on September 26th, 2016 | by William Charles

3

[WI, IL only] Landmark Credit Union 7.50% APY High Rate Account Review – Balances Of Up To $500

Offer at a glance

  • APY: Up to 7.50% APY on balances up to $500 when you meet the requirements
  • Availability: Southern Wisconsin and Northeastern Illinois only
  • Direct deposit required: Recurring monthly direct deposit of at least $250
  • Additional requirements: Enroll in eStatements
  • Hard/soft pull: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: $100, 90 days
  • Expiration date: None listed

premium-checking

Landmark Credit Union offers a premium checking account offers a rate of 7.50% on balances up to $500. To receive this rate you must do the following:

  • Be enrolled in eStatements
  • Direct a direct deposit of at least $250 per month

On balances over $500 you’ll only earn 0.20% APY. There is also a $100 bonus for opening the account, but unfortunately this looks to be targeted as you need a promotional code.

Our Verdict

7.50% rate makes it sound amazing, but when you realize that’s only a little over $3 in interest a month your enthusiasm will quickly be killed. There are much better high interest savings accounts out there. If you could get the $100 sign up bonus as well then maybe this would be a little bit more interesting, but as it stands this is an easy pass for everybody.



3 Responses to [WI, IL only] Landmark Credit Union 7.50% APY High Rate Account Review – Balances Of Up To $500

  1. Dan says:

    who would even bother with $500…

  2. J. says:

    Looks like the banks are even putting out clickbait.

  3. rd says:

    If someone is genuinely interested in this for some reason, Citi has a 10% promo on up to $500 as well. I’ve seen this publicly advertised on the Citi branch on Market St, San Francisco.

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