Interest is earned on the entire balance as long as a daily balance of $250 is maintained. Service charges:
- $4.00 monthly service charge if average balance falls below $250
- Four withdrawals at no charge per month - $.50 each withdrawal over four. (Service charges are waived for individuals 60 years and older, minors and Ledyard Plan clients.)
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Because we tier our interest rates, the interest earned in your Step Up Money Market account may increase as your balance increases. Interest is earned with a $1,500 daily balance.
- Unlimited in-person and ATM withdrawals; $10 per item charge all other withdrawals exceeding six per statement cycle
- $10.00 service charge if average monthly balance per statement cycle falls below $1,500
back to top CD's offer Ledyard National Bank clients a convenient way to earn interest at competitive rates for a specified period of time.
We offer preferred rates to clients who have a Ledyard checking account and are in our Ledyard Plan.
- Investments are FDIC insured up to $250,000.
- Minimum investments begin at $500.
- Short-term and long-term investment options are available.
- Interest is compounded daily and credited monthly.
back to top Until now, there were only three ways an investor could enjoy full FDIC insurance on deposits larger than 250,000: open and maintain accounts with multiple banks, invest with one bank by transferring ownership and registering accounts in the names of family members or corporate affiliates, or work through a broker-dealer.
Through CDARS, we can now place large deposits into smaller-denomination CDs at multiple institutions. This service can offer you significant benefits:
- The safety of FDIC insurance for large deposits. Because funds are placed in FDIC-insured CDs that are issued by other financial institution Network members, your total deposits over $250,000 can be eligible for full FDIC coverage. Now you can make bank CD investments up to $1 million or more!
- CD interest. Rates may compare favorably with those of other high-quality, fixed-income investments.
- Interest-payment flexibility. You may choose to have interest paid monthly or at maturity.
- Management convenience. You can manage all of your CD investments through a single relationship.
- The security of working with a trusted, local source. Your transaction is managed by the people you know and trust here at Ledyard National Bank.
back to top- FDIC insured, Ledyard National Bank offers a variety of tax-deferred retirement plans to meet an individual's specific financial needs.
- IRAs are convenient and require a small opening deposit of at least $10.00.
- Substantial penalty for early withdrawal. Substantial tax penalties may apply for withdrawals before reaching the age of 59 1/2.
- Interest is compounded daily and paid monthly.
- Contributions may be tax deductible and supplement retirement income.
- To learn more, contact any of our branch representatives.
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