Money Market Accounts
Platinum Money Market
Special Offer with New-to-Bank Money: Earn 2.50% APY* when you open a new Platinum Money Market account with $25,000 in new-to-bank money.
BENEFITS
- Open with a $1500 minimum deposit, with no minimum balance required to earn interest.
- No monthly service charge if account holder also has a Platinum Checking account. Otherwise, a $10 monthly service charge will be assessed.
- Tiered interest at money market rates based on your daily balance. Interest earned may increase as your balance increases
- Interest compounded and credited to your account every month.
- No transaction limitations
- Access to funds by ATM or check.
- Account is accessible through Online & Mobile Banking.
FEATURES
- FDIC insured up to $250,000.*
- Statement options include eStatements / paper statements ($3.00 monthly). If the primary account owner is 70 years of age or older, the fee will be waived.
- Unlimited in-person and ATM withdrawals; Check paid / withdrawal fee
* Platinum Money Market Special Offer: The annual percentage yield (APY) disclosed above, effective March 13, 2024, is available if the required conditions are met. The conditions are:
- 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.
- Must have or open a Platinum Checking Account with Ledyard.
- 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 2.50% 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.
Personal Money Market
BENEFITS
-
Open with a $1500 minimum deposit, with no minimum balance required to earn interest.
-
No monthly service charge unless the balance in the account falls below $1500 any day of the monthly cycle, at which point a $10 monthly service charge will be assessed.
-
Tiered interest at money market rates based on your daily balance. Interest earned may increase as your balance increases
-
Interest compounded and credited to your account every month.
-
No transaction limitations
-
Access to funds by ATM or check.
-
Account is accessible through Online & Mobile Banking.
FEATURES
-
FDIC insured up to $250,000.*
-
Statement options include eStatements / paper statements ($3.00 monthly). If the primary account owner is 70 years of age or older, the fee will be waived.
-
Unlimited in-person and ATM withdrawals; Check paid / withdrawal fee
$250,000 FDIC coverage refers to the total of all deposits that an account owner has at each FDIC-insured bank, per ownership category.
**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