Money Market Accounts
Platinum Money Market
BENEFITS
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Open with a $1500 minimum deposit, with no minimum balance required to earn interest.
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No monthly service charge if account holder also has a Platinum Checking account. Otherwise, a $10 monthly service charge will be assessed.
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Tiered interest at money market rates based on your daily balance. Interest earned may increase as your balance increases
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Interest compounded and credited to your account every month.
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No transaction limitations
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Access to funds by ATM or check.
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Account is accessible through Online & Mobile Banking.
FEATURES
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FDIC insured up to $250,000.*
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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.
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Unlimited in-person and ATM withdrawals; Check paid / withdrawal fee
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