Dedicated to Deposits: Deals, Data, and Discussion

5.01% Reward Checking Account at Landmark Bank in Louisiana - Local Only

POSTED ON BY

Landmark Bank
Landmark Bank is offering a reward checking account with the following rates and features if certain monthly requirements are met:
  • 5.01% APY on balances up to $25,000
  • 1.01% APY on portion of balance over $25,000
  • 0.25% on all balances if requirements are not met
  • Refunds ATM fees nationwide up to $25 per cycle and $5 per ATM transaction
The monthly requirements include:
  • 10 Visa check card purchases (excludes ATM transactions)
  • 1 direct deposit or automatic payment
  • Enroll in online banking and receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • $100 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
  • Multiple accounts can be opened, but requirements must be met for each account to receive the top rate
There's an online application at the bank's micro-website. However, it states that you are expected to come into a branch to complete the application process. Branches are located in Clinton and Zachary which are in the suburbs of Baton Rouge.

The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data.

The bank has been a FDIC member since 1934 (FDIC Certificate # 307).

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.

  Tags: Louisiana, Landmark Bank, checking account, reward checking account

Related Posts

Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
Great bank rating... unfornately coming to the branch is a must.

1
Comment #2 by Anonymous posted on
Anonymous
still 5.01%... not4long... 4, 3,2,1...

1
Comment #3 by ratechaser-T (anonymous) posted on
ratechaser-T
Today I phoned the Zachary branch and was told that residents of surrounding parishes are eligible.  I asked specifically about Iberville and was told "yes".  (Zachary is in East Baton Rouge parish.  Later I checked a map and found that EBR does have a short common border with Iberville.)

According to the CSR, in January 2011 the APY will fall to 4.02%.

3