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
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 Savings Account |
Business Money Market Account |
| 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 |