Rates
Ask one of our bankers how our competitive rates can be a part of your plan.
Consumer Loan Rates
Effective: May 23, 2013: 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% |
$23.53 |
|
| 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 |
3.25% Fixed for 12 months, then 4.25% fixed for remaining 108 months |
3.25% Fixed for 12 months, then 4.25% fixed for remaining 108 months |
4.076% |
Payment for first 12 months based on $10,000 loan is $97.72. Payment after first 12 months, based on $10,000 loan is $101.99 |
N/A |
| Home Equity Loan - 7 Years |
84 Months |
N/A |
2.99% Fixed for 12 months, then 3.99% fixed for remaining 72 months |
2.99% Fixed for 12 months, then 3.99% fixed for remaining 72 months |
3.754% |
Payment for first 12 months based on $10,000 loan is $132.09. Payment after first 12 months, based on $10,000 loan is $136.01 |
N/A |
| Home Equity Lines of Credit for Loan Amounts between $25,000 - $99,999 |
120 Months |
WSJ Prime + .50% |
Monthly |
3.75% fixed for first 12 months (after 12 months rate will be variable at WSJ Prime +.50%). Floor rate of 3.50% |
3.750% |
N/A |
18% |
| Home Equity Lines of Credit for Loan Amounts of $100,000 or more |
120 Months |
WSJ Prime + .25% |
Monthly |
2.75% fixed for first 12 months (after 12 months rate will be variable at WSJ Prime + .25%). Floor rate of 3.50% |
2.75% |
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. Maximum Home Equity Loan is $250,000.00.
**Primeline (Home Equity Line) - The rate is 3.75% fixed for 12 months, after the 12 months rate will be variable based on the WSJ Prime + 1.00%, with a floor rate of 3.75%, subject to adjust monthly.
*** Primeline (Home Equity Line) - The rate is 2.75% fixed for 12 months, after the 12 months rate will be variable based on the WSJ Prime, with a floor rate of 3.75%.
Maximum Rate and APR is 18%. The minimum required line for a Primeline Home Equity Loan is $25,000.
Minimum Primeline Home Equity Line is $25,000.00. Maximum Primeline Home Equity Line is $250,000.00.
* 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: May 23, 2013 1 Yr. Treasury 0.125%
| MORTGAGE PROGRAM |
TERM IN YEARS |
RATE |
POINTS |
APR |
MARGIN |
CAPS |
PAYMENT PER $1000 |
| SECONDARY MARKET CONFORMING LOANS (UP TO $417,000) |
| Fixed Rate |
30 |
3.875% |
0 |
3.942% |
N/A |
N/A |
$4.71 |
| Fixed Rate |
30 |
3.750% |
1 |
3.900% |
N/A |
N/A |
$4.57 |
| Fixed Rate |
30 |
3.500% |
2 |
3.731% |
N/A |
N/A |
$4.50 |
| Fixed Rate |
20 |
3.750% |
0 |
3.843% |
N/A |
N/A |
$5.94 |
| Fixed Rate |
20 |
3.500% |
1 |
3.707% |
N/A |
N/A |
$5.81 |
| Fixed Rate |
20 |
3.375% |
2 |
3.697% |
N/A |
N/A |
$5.75 |
| Fixed Rate |
15 |
3.125% |
0 |
3.243% |
N/A |
N/A |
$6.98 |
| Fixed Rate |
15 |
2.875% |
1 |
3.137% |
N/A |
N/A |
$6.86 |
| Fixed Rate |
15 |
2.750% |
2 |
3.146% |
N/A |
N/A |
$6.80 |
| Fixed Rate |
10 |
3.000% |
0 |
3.042% |
N/A |
N/A |
$9.61 |
| NON-SECONDARY MARKET CONFORMING LOANS (UP TO $417,000) |
| Fixed Rate |
20 |
4.000% |
0 |
4.094% |
N/A |
N/A |
$6.07 |
| Fixed Rate |
15 |
3.375% |
0 |
3.492% |
N/A |
N/A |
$7.10 |
| Fixed Rate |
10 |
3.250% |
0 |
3.418% |
N/A |
N/A |
$9.78 |
| 5/1 ARM |
30 |
3.500% |
0 |
3.295% |
2.875% |
2/6 |
$4.50 |
| 3/1 ARM |
30 |
3.250% |
0 |
3.210% |
2.875% |
2/6 |
$4.36 |
| 1/1 ARM |
30 |
3.000% |
0 |
3.181% |
2.875% |
2/6 |
$4.23 |
| NON-SECONDARY MARKET JUMBO LOANS (ABOVE $417,000) |
| Fixed Rate |
30 |
4.250% |
0 |
4.319% |
N/A |
N/A |
$4.93 |
| Fixed Rate |
20 |
4.125% |
0 |
4.219% |
N/A |
N/A |
$6.14 |
| Fixed Rate |
15 |
3.500% |
0 |
3.619% |
N/A |
N/A |
$7.16 |
| Fixed Rate |
10 |
3.375% |
0 |
3.415% |
N/A |
N/A |
$9.84 |
| 5/1 ARM |
30 |
3.500% |
0 |
3.247% |
2.875% |
2/6 |
$4.50 |
| 3/1 ARM |
30 |
3.250% |
0 |
3.162% |
2.875% |
2/6 |
$4.36 |
| 1/1 ARM |
30 |
3.000% |
0 |
3.133% |
2.875% |
2/6 |
$4.23 |
| 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 |
| 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 |
3.25% fixed for first 12 months, then fixed at 4.25% for remaining 108 months |
0 |
4.076% |
N/A |
N/A |
Maximum payment for first 12 months based on a $10,000 loan is $97.72. Payment after first 12 months based on a $10,000 loan is $101.99 |
| 7 Year Term |
7 |
2.99% fixed for first 12 months, then fixed at 3.99% for remaining 72 months |
0 |
3.754% |
N/A |
N/A |
Maximum payment for first 12 months based on a $10,000 loan is $132.09. Payment after first 12 months based on a $10,000 loan is $136.01 |
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
Cathy Murray at 603-526-5604 or cathy.murray@ledyardbank.com
Tim Draper at 603-790-1750 or tim.draper@ledyardbank.com
Locations:
138 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 CATHY MURRAY at 603-526-5604 or Tim Draper at 603-790-1750 for assistance.
Click here for Mortgage Loan Calculator
RATES ARE POSTED EVERY FRIDAY, HOWEVER, 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 10, 2013
| 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