CD Special

Earn 4.10% APY* when you open a 6-Month Make Life Better CD

with a $1,000 minimum deposit and a Ledyard checking account.

 

Earn 4.00% APY* when you open a 12-Month Make Life Better CD

with a $1,000 minimum deposit and a Ledyard checking account.

 

Earn 3.75% APY* when you open a 15-Month Make Life Better CD

with a $1,000 minimum deposit and a Ledyard checking account.

 

Certificates of Deposit (CDs)

To open a CD, Open Online, call or visit your local financial center.

A CD offers a fixed interest rate over a specified term, offering a predictable return on investment. When you open a CD, you choose the term length, or how long you'll leave a set amount of money in the account. Overall, CDs are a great choice for investors looking for a safe place to invest their money while earning a predictable return.

 

Compare Roth and Traditional IRA CDs

See which one is right for you.**

	Roth IRA CD	Traditional IRA CD
Main Features	Pay now, save later Funded with after-tax dollars. Earnings and qualified withdrawals are tax-free. Contributions are not tax deductible. Limitations apply	Earn now, pay later Funded with pre-tax dollars. Earnings are tax-deferred. Contributions are tax-deductible up to certain income limits. Limitations apply
Tax Considerations	Pay taxes now and get them out of the way. Think your tax rate will be higher when you withdraw? Go with a Roth IRA.	Pay taxes later. Think your tax rate will be lower when you withdraw? Choose a Traditional IRA.
Eligibility	Anyone with taxable earned income within IRS limits (limits based on income and tax filing status).	Anyone with taxable earned income within the IRS limits (income limits apply for tax-deductible contributions)
Making Withdrawals	Withdraw anytime. Withdraw earnings without IRS penalty at age 59½ if your account is at least 5 years old.	Withdraw when you’re 59½ Withdraw contributions and earnings without IRS penalty at age 59½. Distributions are required to start by age 70½ if you were 70½ by 12/31/2019. If you turn 70½ in 2020 or years following, distributions will not be required until you are age 72.

Other CD Offerings

• 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*

 

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.

To open a Certificate of Deposit, use the quick links above, visit a financial center near you or call toll-free (888) 746-4562