Savings
Planning well means saving and investing for the future of your business. Ledyard offers a variety of ways to help you do that.
Special Offer
Open a new Business Money Market account with $25,000 in new-to-bank money and earn 2.50% APY*.
Open online or visit any of our financial centers to take advantage of this special offer.
BUSINESS STATEMENT SAVINGS ACCOUNT
Because we tier our interest rates, the interest earned in your savings account may increase as your balance increases. Interest is earned on the entire balance as long as a $500 average daily balance is maintained.
BUSINESS MONEY MARKET ACCOUNT
Because we tier our interest rates, the interest earned in your Money Market account may increase as your balance increases.
| |
Business Statement Savings |
Business Money Market |
| Minimum Balance |
$500 average daily balance to earn interest |
$1,500 required to open account |
| Monthly Maintenance Fee |
No |
$10.00 if average monthly balance per statement cycle falls below $1,500 |
| Deposit Fee |
No |
No |
| Items Deposited Fee |
No |
No |
| Check Paid Fee/Withdrawal Charge |
No |
Unlimited in-person and ATM withdrawals |
| Interest Paid |
Yes |
Yes - Five rate tiers defined by daily account balance |
| Earning Credit |
No |
No |
Use the form below to contact us for more information about our Business Savings Accounts.
* The annual percentage yield (APY) disclosed above, effective March 13, 2024, is available if new account is opened with a minimum deposit of $25,000 in new money not currently on deposit with Ledyard National Bank. Interest accrues daily, no minimum balance. Free eStatements or $3.00 monthly service fee for printed statements. Fees may reduce earnings. The annual percentage yield may change in accordance with the terms and conditions of the account. This offer cannot be combined with other offers and may be discontinued at any time.