Landmark Bank first started operating in 1865 with headquarters located in Columbia, Missouri. It owns assets of $3 billion and deposits totaling $3 billion, ranking it as a large bank. Landmark Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked Landmark Bank at a 4 stars out of 5, indicating that it is a respectable bank that deserves your consideration. Landmark Bank offers a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, brokerage accounts, mortgage products and credit cards. Landmark Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Landmark Bank offers an option without a monthly fee. Banks that offer free checking as well as a high interest rate savings account are your best option for getting the most income on your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.01%, Landmark Bank ranks poorly compared to other U.S. banks. Its CD rates are 0.32% and 0.60% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.05%. Given Landmark Bank's poor savings rate, you should think about choosing another bank to earn more on your deposits.
How Landmark Bank's Savings Rates Compare
Landmark Bank has typically extremely low fees compared to the national average. With no monthly fee, Landmark Bank is ideal for those who want a simple banking experience. Landmark Bank unfortunately does not refund out-of-network ATM fees, meaning you will have to locate a Landmark Bank ATM or eat the withdrawal fee.
Landmark Bank is a brick-and-mortar bank, with 39 total bank locations in Missouri, Oklahoma and Texas. With mobile and web apps, Landmark Bank makes account access easy, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Sunday and 7:00 a.m. to 7:00 p.m. CT. Landmark Bank's online and mobile banking platforms get mediocre marks from users. Out of 230 customer reviews on iOS and Android platforms, the Landmark Bank mobile app is scored at 2.7 out of 5 (compared to the national average of 3.8). Landmark Bank's mobile app lets you control your accounts by checking account balances, sending and receiving money and accessing customer service. Landmark Bank gets an outstanding consumer satisfaction score due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Landmark Bank ranks as a large bank with $3 billion in assets and deposits totaling $3 billion. Landmark Bank's Texas Ratio is 5.19%, suggesting a small likelihood of failure. Additionally, Landmark Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare Landmark Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.01% APY||$100|
|Checking Account||0.01% APY||$50|
|Certificates of Deposit|| ||$5000 for all terms|
|Money Market Account||0.05% APY||$1|
Landmark Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Landmark Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Landmark Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a Landmark Bank Near Me
Landmark Bank has 39 physical locations across the U.S.Back to Overview