[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


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.

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Road Dog
Road Dog (@guest_945283)
March 25, 2020 12:47

I just had to create a checking/savings account with Landmark to become a member and be eligible to get a mortgage with them (as they will be my loan servicer). I can confirm that there is no hard pull for this Premium Checking Account (the one that gives 7.5% APY). Just a soft inquiry. They did require that I open the savings along with the checking, which needs to have a minimum balance of $5. Since I opened in-branch, we didn’t have any CC funding options (and just wrote them a check from an outside bank).

To earn the high APY on the checking balance, you need to “direct deposit” $250/month, but their fine print says “ACH transfer $250/month”. I’ll report back in a month if my push from Ally counted (which would be great, as I’ll just set up auto push/pull and collect the $3.12 of interest each month).

Road Dog
Road Dog (@guest_949836)
April 1, 2020 16:50

Looks like their dividends payout on the 1st of the month. This means my ACH push from Ally did count as a qualifying DD.

mahesh (@guest_1178572)
April 18, 2021 08:25

can you send referral link?

Dayn_Perrys_Vape (@guest_840785)
November 13, 2019 02:43

Only a very small part of Illinois is eligible – Lake and McHenry counties only.

FindingMyPossible (@guest_619006)
July 18, 2018 22:29

Credit card funding for V/M/D up to $500 per account.

Allie (@guest_557889)
February 5, 2018 23:54

@rd If you could share the link, it’d be appreciated.

I have LCU. I’m pretty sure they did a soft pull. Really easy to apply, and I learned I have a branch less than 5 minutes away from me! Great so far! 🙂 If anyone needs a referral link, reply to my post.

Jase Doe
Jase Doe (@guest_570067)
March 14, 2018 14:59

Can I get your referral link?

Levi (@guest_593957)
May 13, 2018 10:45

Can I get a referral link?

mahesh (@guest_1169231)
March 31, 2021 22:22

can i get referral link?

jon (@guest_1671358)
August 13, 2023 07:00

can you give me referral

rd (@guest_300294)
September 28, 2016 02:05

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.

J. (@guest_299805)
September 27, 2016 01:20

Looks like the banks are even putting out clickbait.

Dan (@guest_299771)
September 26, 2016 23:09

who would even bother with $500…

Phil (@guest_1472142)
October 25, 2022 01:12

Exactly! This is as heinous as scams on old people…like me..lol!!! It will always hold true that “If it sounds to good to be true, it is….”
I will say this though, it does say up to $500….lol…you just have to read fine print and guide lines. What they are doing is not illegal but surely unethical…I can get that great .11% interest on a Money Market at my Bank…maybe even a bit more. Beware.