Savings Accounts & CDs
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Start saving big with a selection of CD terms to choose from.
MyTerm CDs
Earn 5.00% APY* when you open a MyTerm CD, with $25,000 in new-to-bank money and a Ledyard checking account.
Available Terms
6 Months | 9 Months | 12 Months
Platinum 18-Month CD
Earn 4.50% APY* when you open a Platinum 18-Month CD, with $25,000 in new-to-bank money and a Ledyard checking account.
* Annual Percentage Yield (APY) is accurate as of 10/1/2023 and is subject to change without notice. $25,000 in new-to-bank money and a Ledyard checking account are required to open and obtain APY. Fees may apply. Penalty may apply for early withdrawal. We reserve the right to change or discontinue this offer at any time. Fees could reduce earnings on the account. Personal and business banking relationships within the retail bank are subject to FDIC insurance coverage limits.
Savings Accounts
Planning well means saving for the future, and Ledyard has a variety of ways to help you do that.
Open a new Platinum Money Market account with $25,000 in new-to-bank money and earn 4.00% APY*.
Open now online or visit any of our financial centers to take advantage of this special offer.
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Statement Savings |
Certificates of Deposit (CDs) |
Personal Money Market Account |
| Open One Instantly! |
> Open a Statement Savings Account |
Visit a Financial Center to Open |
> Open a 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
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- 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
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- 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
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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.
If you'd like to learn more or discuss next steps, please fill out the form below.
* Platinum Money Market Special Offer: The annual percentage yield (APY) disclosed above, effective July 21, 2023, is available if the required conditions are met. The conditions are 1) Must have or establish a Platinum Relationship with Ledyard. Platinum Relationships require at least $20,000 combined related account balances; which may include funds in the Platinum Money Market Account. 2) Must have or open a Platinum Checking Account with Ledyard. 3) Must open the Platinum Money Market Account with new money not currently on deposit with Ledyard National Bank. The minimum new money deposit required to open the account and earn the 4.00% APY is $25,000. Fees may reduce earnings. This is a variable rate account and 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.
**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