Give your business the cushion—and the confidence—to grow with these competitive rate accounts.
Interest is earned on balances of $1,500 or greater. With tiered interest rates, the interest earned in your Money Market Account may increase as your balance increases.
Interest is earned on the entire balance as long as a $250.00 daily balance is maintained.
Every business is different. Use this quick comparison to find the savings option that works best for you
Business Statement Savings |
Business Money Market |
|
|---|---|---|
Minimum Balance |
$10.00 required to open account |
No minimum 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 |
Item Deposited Fee |
No |
No |
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 |
If you'd like to learn more about Ledyard's business accounts and services, reach out to Mark Heller, Business Banking Relationship Manager, today.
Let’s talk about how Ledyard Bank can support your financial journey. Contact us or open an account today—it’s fast, easy, and all about you.
* Annual Percentage Yield (APY) effective 6/1/2025. $1000 minimum required to open and obtain stated APY. APY and interest rates are variable and may change at any time. Fees may reduce earnings.
** $250,000 FDIC coverage refers to the total of all deposits that an account owner has at each FDIC-insured bank, per ownership category.
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