Savings Accounts

• Open with a $10 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 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

• 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

Statement Savings

BENEFITS

• Open with a $10 minimum deposit, a minimum balance of $250 is required to earn interest.
• No monthly service charge unless the balance in the account falls below $250 any day of the monthly cycle, at which point a $4 monthly service charge will be assessed. Service charges are waived for those 60 years and older and minors.
• 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. A minimum balance of $250 is required to earn interest.
• Account is accessible through Online & Mobile Banking.
• Free Online Bill Pay
• ATM services are available; Usage at a non-Ledyard ATM will incur a $1.00 ATM debit item charge and other institutions may impose an ATM fee.

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

$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