Savings
Planning well means saving and investing for the future of your business. Ledyard offers a variety of ways to help you do that.
BUSINESS STATEMENT SAVINGS ACCOUNT
Interest is earned on the entire balance as long as a $250.00 daily balance is maintained.
BUSINESS MONEY MARKET ACCOUNT
Interest is earned on the entire balance as long as a $1,500.00 daily balance is maintained. With tiered interest rates, the interest earned in your Money Market account may increase as your balance increases.
| |
Business Statement Savings |
Business Money Market |
| Minimum Balance |
$10.00 required to open account |
$1,500.00 required to open account |
| Monthly Maintenance Fee |
$4.00 if balance falls below $250.00 any day of the monthly statement cycle |
$10.00 if balance falls below $1,500.00 any day of the monthly statement cycle |
| Deposit Fee |
No |
No |
| Items Deposited Fee |
No |
No |
| Check Paid Fee/Withdrawal Charge |
No |
Unlimited in-person and ATM withdrawals |
| Interest Paid |
Yes, a minimum balance of $250.00 in the account each day is required to earn interest |
Yes, a minimum balance of $1,500.00 in the account each day is required to earn interest |
| Earning Credit |
No |
No |
| Statements |
Free eStatement, $3.00 monthly Paper Statement Fee |
Free eStatement, $3.00 monthly Paper Statement Fee |
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