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Landmark Bank Review

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Landmark Bank Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Landmark Bank was founded in 1865 and is headquartered in Columbia, Missouri. It has assets of $3 billion as well as $3 billion in deposits, ranking it as a large bank. Landmark Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4 stars out of 5, Landmark Bank should be near the middle of the pack in your search for a bank. Landmark Bank provides customers with a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, brokerage accounts, mortgage products and credit cards. It 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 and a high interest rate savings account are the best option for gaining the most income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.8
SmartAsset Average: 3.5

Landmark Bank features a savings rate of 0.01%, which is fair as compared against the national average. Landmark Bank's one-year CD has a rate of 0.32% and the five-year CD earns at a rate of 0.60%, while its highest-yielding money market account has a rate of 0.05%. Given Landmark Bank's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How Landmark Bank's Savings Rates Compare

Landmark Bank Savings 0.01 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Landmark Bank charges its customers extremely low fees compared to the national average. With no monthly fee, Landmark Bank's checking account is perfect for those who need a hassle-free banking experience. Landmark Bank unfortunately does not reimburse out-of-network ATM charges, which means you will need to find a Landmark Bank ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.3
SmartAsset Average: 3.7

Landmark Bank is a brick-and-mortar bank, with 39 total branches in Missouri, Oklahoma and Texas. It also offers access to mobile and web apps for easy access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Sunday and 7:00 a.m. to 7:00 p.m. CT. Landmark Bank's online and mobile banking services receive mediocre feedback from customers. The Landmark Bank mobile app rates a 2.7 out of 5 (out of 230 reviews on iOS and Android) compared to the national average of 3.8. Landmark Bank's mobile app lets you control your bank accounts by checking account balances, transferring funds and accessing support representatives. Landmark Bank receives a superb consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 2.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

Landmark Bank ranks as a large bank with assets totaling $3 billion as well as deposits totaling $3 billion. Landmark Bank's Texas Ratio is 5.19%, signifying a small possibility 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

5.19%
High Risk 75% 50% 20% 10% Low Risk

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.

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Compare Landmark Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $200
Checking Account 0.01% APY $50
Certificates of Deposit
  • 12 Month: 0.32% APY
  • 24 Month: 0.38% APY
  • 36 Month: 0.38% APY
  • 48 Month: 0.45% APY
  • 60 Month: 0.60% APY
$5000 for all terms
Money Market Account 0.05% APY $1000

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 other options 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 compared to the national average.

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Find a Landmark Bank Near Me

Landmark Bank has 39 physical branches across the U.S.

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