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IRAs


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IRA Certificate of Deposit Special Offer

Once you establish an Individual Retirement Account at Ledyard, roll your contributions into an IRA CD that will grow your funds with a fixed interest rate, the tax advantages of an IRA, and the guaranteed returns of a CD.

Other terms and rates are available. Visit any of our financial centers or offices to open an IRA.

Use the form below to contact us for more information about our IRA CD.

Questions? Call our client support team at (603) 746-4562 and we'll be happy to answer any questions you may have.


Individual Retirement Accounts are a convenient way to reduce taxable income and save for retirement.

  • FDIC insured, Ledyard National Bank offers a variety of tax-deferred retirement plans to meet an individual's specific financial needs.
  • IRAs require a small opening deposit of at least $10.00 for an IRA Savings Account and $500 for an IRA CD.
  • Substantial tax penalties may apply for withdrawals before reaching the age of 59 1/2.
  • Contributions may be tax deductible and supplement retirement income.**

 

Simple Ways to Fund Your Ledyard IRA


Rollovers

Move money from other retirement plans or accounts into one of our IRAs with ease.

Transfers

Easily transfer an IRA from another financial institution to one of our IRAs.

Contributions

Move money that is not currently deposited in any type of retirement account directly into our IRAs.


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 Withdrawls
  • 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.
  
Contact Us
 


* Special IRA CD Offer above is effective 1/19/23 until 4/15/23. Annual Percentage Yield (APY) is accurate as of 01/19/2023 and is subject to change without notice. The APY will be determined and fixed for entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum opening balance is $_____. This offer may be discontinued at any time.
 


**Please consult your tax advisor

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