Rates


Ask one of our bankers how our competitive rates can be a part of your plan.

Consumer Loan Rates Mortgage Rates Deposit Rates

Consumer Loan Rates

Effective: July 30, 2014: We will deduct .25% from interest rate on loan types marked with three asterisks (***) if payments are automatically deducted from your Ledyard checking account!

Unsecured Loan*** Loan Term Rate Index Rate Change Frequency Interest Rate Annual Percentage Rate Pmt per $1,000  
Fixed Rate -Installment 48 months N/A N/A 14.50% 14.750% $27.58  
New Automobile*** (includes pick-up trucks) See link for auto loan calculator below Loan Term Rate Index Rate Change Frequency Interest Rate Annual Percentage Rate Pmt per $1,000  
Fixed Rate, 20% Down Up to 60 months N/A N/A 6.25% 6.4321% $19.46  
Used Automobile*** Within NADA Loan Value See the link for auto loan calculator below Loan Term Vehicle Age Rate Index Interest Rate Annual Percentage Rate Pmt per $1,000  
Fixed Rate, 20% Down Up to 54 Months 1-2 Years N/A 6.75% 6.963% $21.53  
Fixed Rate, 20% Down Up to 42 Months 3-4 Years N/A 7.75% 8.031% $27.27  
Fixed Rate, 20% Down Up to 36 Months 5, 6, 7 Years N/A 9.00% 9.381% $31.81  
Recreational Vehicle*** (Motorcycle, Snowmobile, ATVs) Loan Term Rate Index Rate Change Frequency Interest Rate Annual Percentage Rate Pmt per $1,000  
New, 20% Down Up to 48 Months N/A N/A 7.50% 7.763% $24.19  
Used, 20% Down Up to 36 Months N/A N/A 8.00% 8.300% $31.35  
Campers, Motor Homes, Boats Loan Term Motor Home Age Rate Index Interest Rate Annual Percentage Rate Pmt per $1,000
Fixed Rate, 20% Down Up to 96 Months New N/A 7.50% 7.763% $13.89  
Fixed Rate, 20% Down Up to 72 Months 1-2 Years N/A 7.50% 7.763% $17.30  
Fixed Rate, 20% Down Up to 60 Months 3 Years N/A 7.50% 7.763% $20.05  
Fixed Rate, 20% Down Up to 48 Months 4, 5 or 6 Years N/A 8.00% 8.300% $24.42  
Second Mortgages* Loan Term Rate Index Rate Change Frequency  Interest Rate Annual Percentage Rate Pmt per $1,000 Rate Caps
Home Equity Loan - 10 Years 120 Months N/A Fixed 4.75% 5.555% $10.49 N/A
Home Equity Loan - 7 Years 84 Months N/A Fixed 4.50% 5.305% $13.91 N/A
Home Equity Lines of Credit for Loan Amounts between $25,000 - $99,999 120 Months WSJ Prime + .50% Monthly 3.500% fixed for first 12 months (after 12 months rate will be variable at WSJ Prime +.50%). Floor rate of 3.50% 3.500% N/A 18%
Home Equity Lines of Credit for Loan Amounts of $100,000 or more 120 Months WSJ Prime + .25% Monthly 2.99% fixed for first 12 months (after 12 months rate will be variable at WSJ Prime + .25%). Floor rate of 3.50% 2.99% N/A 18%
KwikCash *
*Income Restrictions apply
1 - 7 years N/A Fixed Rate 3.75% 3.7950% $13.55 N/A
Savings Loan Loan Term Rate Index Rate Change Frequency Rate/APR Annual Percentage Rate Pmt per $1,000 Rate Caps
Certificate of Deposit Loans Maturing when CD Matures CD APY +2% Fixed rate CD APY +2% CD APY + 2% N/A N/A
Stock/Mutual Funds/Trust Accounts Up to 60 Months WSJ Prime Monthly 4.25% floor, RATE AND APR ARE VARIABLE 4.25% floor, RATE AND APR ARE VARIABLE N/A 18%
Bridge Loans Loan Term Rate Index Rate Change Frequency Interest Rate Annual Percentage Rate Pmt per $1,000 Rate Caps
Bridge Loan 20% down 6 months WSJ Prime Monthly 5.00%/6.311% ($500 fee) APR based on a loan amount of $100,000 RATES MAY INCREASE 5.00%/6.311% ($500 fee) APR based on a loan amount of $100,000 RATES MAY INCREASE $4.11 18%
               
Credit Cards       Interest Rate APR Pmt per $1,000  
Visa/Mastercard or Gold Card       9.9% first 6 mos., then 14.9% 9.9% first 6 mos., then 14.9% $31.29  

Consumer Loan Fee of $50 applies to all Consumer Loans. This fee is due and payable at the time of loan closing.

Vendors Single Insurance (VSI) Fee of $50.00 applies to all Consumer Loans secured by autos, motorcycles, RVs, boats, mobile homes on leased land, snowmobiles and tractors.

Annual Percentage Rate is based on $10,000 loan.

For all Consumer Installment Loans, if the Borrower opens and maintains an auto debit with LNB for the term of the loan, the rate will be .25% less.

Estimated closing costs range from $715 - $1,137.

Minimum Home Equity Loan is $10,000.00.

Minimum  Home Equity Line of Credit is $25,000.00. 

* KwikCash Loans - Properties must be located in the Bank's CRA Assessment Area and gross annual income of applicant(s) can not exceed $55,000 (NH Residents) or $50,000 (VT Residents).
Minimum loan amount $2,500.00. Maximum loan amount $10,000.00

RATES ARE POSTED EVERY FRIDAY, HOWEVER, RATES ARE SUBJECT TO CHANGE DAILY. RATES AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
For more information on any of these loan products, please call us, or stop by one of our offices and we will be happy to provide you with any information you would like.

Check out our Loan Calculator.


Mortgage Rates

Effective: July 30, 2014 1 Yr. Treasury 0.125%

MORTGAGE PROGRAM TERM IN YEARS RATE POINTS APR MARGIN CAPS PAYMENT PER $1000
FIXED LOAN RATES UP TO $417,000
Fixed Rate 30 4.125% 0 4.229% N/A N/A $4.85
Fixed Rate 20 3.875% 0 4.019% N/A N/A $5.99
Fixed Rate 15 3.250% 0 3.306% N/A N/A $7.03
Fixed Rate 10 3.125% 0 3.388% N/A N/A $9.71
ADJUSTABLE LOAN RATES  UP TO $417,000
7/1 ARM 30 3.375% 0 3.536% 2.875% 2/6 $4.42
5/1 ARM 30 3.500% 0 3.601% 2.875% 2/6 $4.49
3/1 ARM 30 3.000% 0 3.098% 2.875% 2/6 $4.22
1/1 ARM 30 2.500% 0 2.595% 2.875% 2/6 $3.95
               
               
               
NON-SECONDARY MARKET JUMBO LOANS (ABOVE $417,000)
Fixed Rate 30 4.375% 0 4.481% N/A N/A $4.99
Fixed Rate 15 3.750% 0 3.934% N/A N/A $7.27
Fixed Rate 10 3.625% 0 3.674% N/A N/A $9.77
7/1 ARM 30 3.500% 0 3.663% 2.875% 2/6 $4.49
5/1 ARM 30 3.500% 0 3.663% 2.875% 2/6 $4.49
3/1 ARM 30 3.250% 0 3.410% 2.875% 2/6 $4.35
1/1 ARM 30 2.750% 0 2.827% 2.875% 2/6 $4.08
An add-on of .50% will be applied to the interest rate for all investment properties.
CONSTRUCTION LOANS (UP TO $417,000)
12 Months Fixed 1 5.500% 1 7.792% N/A N/A $5.69
MANUFACTURED HOME LOANS
Fixed Rate 25 4.875% 0 5.000% N/A N/A $5.77
Fixed Rate 20 4.625% 0 4.773% N/A N/A $6.39
Fixed Rate 15 4.125% 0 4.310% N/A N/A $7.46
Properties must be located in the bank's CRA Assessment Area and gross annual income of applicant(s) cannot exceed $55,000 (NH residents) or $50,000 (VT residents). Minimum loan amount is $10,000.
CONSTRUCTION LOANS (ABOVE $417,000)
Please call for special rates and programs

 

Land

MORTGAGE PROGRAM TERM IN YEARS RATE POINTS APR MARGIN CAPS PAYMENT PER $1000
1/1 ARM 10 7.50% 1 5.494% 3.875% 2/6 $11.88


Maximum loan-to-value (LTV) is 65%.
The rate for Land Loans can increase as often as annually.


Home Equity Loan*

MORTGAGE PROGRAM TERM IN YEARS RATE POINTS APR MARGIN CAPS PAYMENT PER $1000
10 Year Term 10 4.75% 0 5.555% N/A N/A $10.49
7 Year Term 7 4.50% 0 5.305% N/A N/A $13.91

 
APR (Annual Percentage Rate) based on maximum loan indicated 

Rates are posted every Thursday, however, rates are subject to change daily.
All rates and programs are subject to change without notice. Variable rates are subject to change after consummation.

Rates assume monthly escrow for real estate taxes and homeowners insurance. Estimated closing costs range from $715 - 1,137.

CONTACTS: General 603-643-2244
Tim Draper at 603-790-1750 or tim.draper@ledyardbank.com
Allison Childs 603-640-2743 or allison.childs@ledyardbank.com

Locations:
38 S Main St., Hanover
Lebanon at Park St., Hanover
178 County Rd., New London
On The Green, Lyme
320 Main St., Norwich
67 Main St., W. Lebanon
Route 120, 42 Old Etna, Rd., Lebanon

Special programs and rates may be available upon request.

PREQUALIFICATION IS QUICK AND EASY!
Please call Tim Draper at 603-790-1750 or Allison Childs at 603-640-2743 for assistance.

Click here for Mortgage Loan Calculator

RATES ARE SUBJECT TO CHANGE DAILY. RATES AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE

Note: For all Ledyard products, other terms and conditions may apply.


Deposit Rates

Effective as of May 29, 2014  
TERM ANNUAL PERCENTAGE YIELD(APY) INTEREST RATE

MINIMUM DEPOSIT REQUIREMENT
TO OPEN & MAINTAIN
ACCOUNT & EARN APY

Certificates of Deposit**

Ledyard Plan Total Connection (1)
Up to 90 days 0.20% 0.20% $1,000
91 to 182 days 0.25% 0.25% $1,000
183 to 365 days 0.40% 0.40% $1,000
366 to 729 days 0.55% 0.55% $500
730+ days 0.95% 0.95% $500
Ledyard Plan Connection (2)
Up to 90 days 0.15% 0.15% $1,000
91 to 182 days 0.20% 0.20% $1,000
183 to 365 days 0.35% 0.35% $1,000
366 to 729 days 0.50% 0.50% $500
730+ days 0.90% 0.90% $500
Primary Connection (3)
Up to 90 days 0.10% 0.10% $1,000
91 to 182 days 0.15% 0.15% $1,000
183 to 365 days 0.30% 0.30% $1,000
366 to 729 days 0.45% 0.45% $500
730+ days 0.85% 0.85% $500
Basic Connection (4)
Up to 90 days 0.05% 0.05% $1,000
91 to 182 days 0.10% 0.10% $1,000
183 to 365 days 0.25% 0.25% $1,000
366 to 729 days 0.40% 0.40% $500
730+ days 0.80% 0.80% $500


(1) CD plus primary checking with full Ledyard Plan relationship benefits
(2) CD only with qualifying Ledyard Plan
(3) CD plus Ledyard primary checking account balance
(4) CD-only

TERM ANNUAL PERCENTAGE YIELD(APY) INTEREST RATE MINIMUM DEPOSIT REQUIREMENT TO OPEN & MAINTAIN ACCOUNT & EARN APY
CDARS
4 weeks 0.11% 0.11% $10,000
13 weeks 0.11% 0.11% $10,000
26 weeks 0.11% 0.11% $10,000
52 weeks 0.21% 0.21% $10,000
Individual Retirement Accounts**
1 - 2 years fixed 0.25% 0.25% $500.00
2 - 3 years 0.40% 0.40% $500.00
3 - 4 years 0.75% 0.75% $500.00
4 - 5 years 1.00% 1.00% $500.00
Variable Rate 0.25% 0.25% $10.00
Checking Accounts*
NOW Account 0.01% 0.01% $750.00
Savings Accounts*
Personal Statement Savings
$250.00 - $49,999.99 0.05% 0.05% $250.00
$50,000 and up 0.10% 0.10% $250.00
Step Up Money Market Account*
$1,500.00 through $74,999.99 0.10% 0.10% $1,500.00
$75,000.00 through $149,999.99 0.10% 0.10% $1,500.00
$150,000.00 through $249,999.99 0.15% 0.15% $1,500.00
$250,000.00 through $499,999.99 0.20% 0.20% $1,500.00
$500,000.00 and up 0.25% 0.25% $1,500.00
Commercial Accounts*
Business Statement Savings:
All Balances 0.10% 0.10% $500.00

*Rates and APYs are variable and may change after the account is opened.
**Penalties may be imposed for early withdrawals.
***Fees could reduce earnings on the account.

Check out our Savings Calculator