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Individual Retirement Accounts are a convenient way to reduce taxable income and save for retirement.

  • FDIC insured, Ledyard National Bank offers a variety of tax-deferred retirement plans to meet an individual's specific financial needs.

  • IRAs require a small opening deposit of at least $10.00 for an IRA Savings Account and $500 for an IRA CD.

  • Substantial tax penalties may apply for withdrawals before reaching the age of 59 1/2.

  • Contributions may be tax deductible and supplement retirement income.*

Use the form below to contact us for more information about our IRAs.


Questions? Call our client support team toll-free at (888) 746-4562 and we'll be happy to answer any questions you may have.

Simple Ways to Fund Your Ledyard IRA


Move money from other retirement plans or accounts into one of our IRAs with ease.


Easily transfer an IRA from another financial institution to one of our IRAs.


Move money that is not currently deposited in any type of retirement account directly into our IRAs.

Compare Roth and Traditional IRA CDs

See which one is right for you.

  Roth IRA CD Traditional IRA CD

Main Features

  • Pay now, save later

  • Funded with after-tax dollars.

  • Earnings and qualified withdrawals are tax-free.

  • Contributions are not tax deductible.

  • Limitations apply

  • Earn now, pay later

  • Funded with pre-tax dollars.

  • Earnings are tax-deferred.

  • Contributions are tax-deductible up to certain income limits.

  • Limitations apply

Tax Considerations

  • Pay taxes now and get them out of the way.

  • Think your tax rate will be higher when you withdraw? Go with a Roth IRA.

  • Pay taxes later.

  • Think your tax rate will be lower when you withdraw? Choose a Traditional IRA.


  • Anyone with taxable earned income within IRS limits

  • (limits based on income and tax filing status).


  • Anyone with taxable earned income within the IRS limits

  • (income limits apply for tax-deductible contributions)


Making Withdrawls

  • Withdraw anytime.

  • Withdraw earnings without IRS penalty at age 59½ if your account is at least 5 years old.

  • Withdraw when you’re 59½

  • Withdraw contributions and earnings without IRS penalty at age 59½.

  • Distributions are required to start by age 70½ if you were 70½ by 12/31/2019. If you turn 70½ in 2020 or years following, distributions will not be required until you are age 72.


**Please consult your tax advisor. Fees could reduce earnings on the account, consult a tax professional. 

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