Landmark Credit Union Premium Checking Account Review: Is It Right for You

The Landmark Credit Union Premium Checking Account is a high-end checking account designed for those who want to earn more and pay fewer fees. It offers a competitive interest rate of 2.00% APY.

To qualify for this account, you'll need to meet some requirements, such as maintaining a minimum balance of $25,000 and having at least 10 debit card transactions per month.

The Premium Checking Account also comes with a range of benefits, including free online banking, mobile banking, and bill pay.

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The Landmark Credit Union Premium Checking Account is a great option for those who want to earn a high APY. It offers 7.50% APY on up to $500 if you set up e-statements and direct deposit of $250 minimum per month.

However, it's essential to note that the APY drops significantly if you don't meet these requirements. The APY is 7.50% to 0.11% APY thereafter, and it's a flat 0% if you don't meet the requirements at all.

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You can expect to pay a monthly maintenance fee of $35 if you don't meet the requirements. There are no fees for things like ATM usage or overdrafts, which is a big plus.

The account comes with a range of benefits, including access to over 34,000 ATM locations. This is a huge convenience, especially if you're someone who travels frequently.

If you do overdraft your account, you'll be charged up to $30 each time. However, the account does offer overdraft protection, which can be a lifesaver in a tight spot.

Here's a summary of the key benefits and features of the Landmark Credit Union Premium Checking Account:

The Landmark Credit Union Premium Checking Account has its pros and cons. The high APY of 7.5% is a major draw, but it's only available on balances up to $500.

The APY shakes out to $37.50 in interest earnings over a year, which is a decent return for a checking account. However, the $500 cap limits how much deposit holders can earn, especially if they have more money in their account.

A $35 minimum deposit is required to open the account, which is a relatively low barrier to entry. There is no monthly fee, but be aware that there is a $30 overdraft fee.

Here are the key pros and cons to consider:

The not-so-great things about these high APY accounts. A high APY is limited to a $500 cap, which really limits how much deposit holders can earn, especially if they have a lot more than $500 in their account.

To earn the high APY, you'll need to meet certain requirements, but those aren't specified in the article.

The minimum deposit required is $35, which might not be a big deal for some, but it's worth considering.

Be aware that both Landmark and Alpena Alcona Area Credit Union charge an overdraft fee, which can add up quickly.

To qualify for these accounts, you'll need to be a member of a credit union, but membership is limited to specific areas.

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The pros of this topic are numerous and exciting.

One of the biggest advantages is that it's highly adaptable, allowing you to easily adjust to changing circumstances. This flexibility is a major plus.

Using it can lead to significant cost savings, as it eliminates the need for expensive equipment or materials. This can be a game-changer for small businesses or individuals on a tight budget.

It's also incredibly efficient, capable of processing large amounts of data in a short amount of time. This speed and accuracy make it a valuable tool in a variety of industries.

Overall, the benefits of this topic far outweigh the drawbacks, making it a great choice for anyone looking to improve their situation.

To open a Landmark Credit Union premium checking account, you'll need to meet their membership requirements. This means you have to be a resident of a qualifying area in Illinois.

There's a specific condition to earn the high APY of 7.5%: you need to set up e-statements and receive direct deposits of at least $250 a month. This is a great way to stay on top of your finances and earn some extra interest.

You'll also need to make an initial deposit of $35 to get started. This is a relatively low minimum deposit, making it more accessible to a wider range of people.

The good news is that there's no minimum balance requirement to worry about. This means you can keep your account active without having to maintain a certain balance.

Here's a quick summary of the requirements:

The Landmark Credit Union premium checking account has some great features that make it worth considering. The APY is a impressive 7.5% on up to $500, but you have to meet some conditions to qualify.

To get the high APY, you need to set up e-statements and receive direct deposits of at least $250 a month. This is a great incentive to stay on top of your finances and automate your payments.

One potential drawback is the $30 fee for each overdraft, so be sure to keep an eye on your balance. On the other hand, there's no monthly fee, which can save you some money.

Broaden your view: No Overdraft Fee Checking Account

You'll need to make an initial deposit of $35 to open the account, but there's no minimum balance requirement. This means you can keep your account open without worrying about maintaining a minimum balance.

To be eligible for this account, you need to be a resident of a qualifying area in Illinois. This is a specific requirement, so make sure you check the credit union's website to see if you're eligible.

If you're not satisfied with the features of the Landmark Credit Union Premium Checking Account, there are alternative options to consider.

You might want to look into the Lake Michigan Credit Union Checking Account, which offers a similar rewards program with cash back on certain purchases.

The Lake Michigan Credit Union Checking Account also has a lower minimum balance requirement compared to the Landmark Credit Union Premium Checking Account.

Consider the Alliant Credit Union High-Rate Checking Account, which offers a higher interest rate on your balance than the Landmark Credit Union Premium Checking Account.

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The Alliant Credit Union High-Rate Checking Account also has no minimum balance requirement to avoid monthly maintenance fees.

If you're looking for a more traditional banking experience, you might want to consider the Bank of America Advantage Plus Banking Account.

The Bank of America Advantage Plus Banking Account offers a similar suite of banking services to the Landmark Credit Union Premium Checking Account, but with a more traditional bank experience.

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The Landmark Credit Union Premium Checking Account is a great option for those looking for a low-fee account with some amazing perks. The account offers a $300 checking bonus.

You'll need to meet certain requirements to earn the bonus, which includes setting up direct deposit and keeping a minimum balance.

The account has a low monthly maintenance fee of $10, which is waived with a minimum daily balance of $1,500.

The Premium Checking Account also offers free access to over 30,000 ATMs nationwide and reimbursement for up to $30 in ATM fees per month.

You'll also get access to free online banking and mobile banking, as well as free bill pay and e-statements.

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