Savings Accounts & CDs
Ledyard's Special Rate CDs
Ledyard helps you save well by offering competitive interest rates that keep your savings working for you. With a minimum of a $500 deposit, your savings can grow worry free with terms ranging from 90 days to five years.
Visit one of our financial centers to learn more and open a CD today.


Client must have a Ledyard Checking Account to qualify, fees may apply.
Penalty may apply for early withdrawal.
*Annual Percentage Yield is accurate as of 3/30/23.

$25,000 new money required as part of opening deposit.
Client must have a Platinum Checking Account to qualify, fees may apply.
Penalty may apply for early withdrawal.
*Annual Percentage Yield is accurate as of 2/2/23.

Annual Percentage Yield is accurate as of 1/11/2023.
Penalty may apply for early withdrawal.
Minimum balance of $500 to open account and earn the APY.
1: Platinum Checking Account is required, fees may apply.
2: Non-Platinum Checking Account required
Savings Accounts
Planning well means saving for the future, and Ledyard has a variety of ways to help you do that.
|
Statement Savings |
Certificates of Deposit (CDs) |
Personal Money Market Account |
Interest Paid |
Yes |
Yes |
Yes |
Balance required to earn interest |
Yes |
Yes |
Yes |
ATM/Check Card – Unlimited use |
Yes |
NA |
No |
Free Online Banking |
Yes |
NA |
Yes |
Free Online Bill Pay |
Yes |
NA |
No |
Check Paid Fee/Withdrawal Charge |
Yes |
NA |
Yes |
Features |
- $250 average daily balance to earn interest
- $4.00 monthly service charge if average balance falls below $250
- Service charges are waived for those 60 years and older, minors and Platinum Checking Account clients
- ATM services are available*
- FDIC insured
|
- Short and long-term investment options available
- Minimum investment $500
- Interest compounded daily and credited monthly
- Preferred rates for those with a Ledyard checking account or Platinum Checking Account clients
- FDIC insured
|
- Interest earned with a $1,500 daily balance
- Interest earned may increase as your balance increases
- Unlimited in-person and ATM withdrawals
- $10.00 service charge if average monthly balance per statement cycle falls below $1,500
- FDIC insured
|
INDIVIDUAL RETIREMENT ACCOUNTS (IRAS)
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.
- 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.
CDARS (Certificate of Deposit Account Registry Service)…A safe, convenient solution for large-deposit investors.
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.
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*Usage at a non-Ledyard ATM will incur a $1.00 ATM debit item charge – except for Platinum Checking Account clients – and other institutions may impose an ATM fee.
**Please consult your tax advisor