Rates
Ask one of our bankers how our competitive rates can be a part of your plan.
Consumer Loan Rates Mortgage Rates Deposit Rates
Consumer Loan Rates
Effective: October 18, 2018: We will deduct .25% from interest rate on loan types marked with three asterisks (***) if payments are automatically deducted from your Ledyard checking account!
| Unsecured Loan*** |
Loan Term |
Rate Index |
Rate Change Frequency |
Interest Rate |
Annual Percentage Rate |
Pmt per $1,000 |
| Fixed Rate -Installment |
48 months |
N/A |
N/A |
14.50% |
14.750% |
$27.58 |
New Automobile*** (includes pick-up trucks)
See link for auto loan calculator below. |
Loan Term |
Rate Index |
Rate Change Frequency |
Interest Rate |
Annual Percentage Rate |
Pmt per $1,000 |
| Fixed Rate, 20% Down |
Up to 60 months |
N/A |
N/A |
6.25% |
6.4321% |
$19.46 |
Used Automobile*** Within NADA Loan Value
See the link for auto loan calculator below. |
Loan Term |
Vehicle Age |
Rate Index |
Interest Rate |
Annual Percentage Rate |
Pmt per $1,000 |
| Fixed Rate, 20% Down |
Up to 54 Months |
1-2 Years |
N/A |
6.75% |
6.963% |
$21.53 |
| Fixed Rate, 20% Down |
Up to 42 Months |
3-4 Years |
N/A |
7.75% |
8.031% |
$27.27 |
| Fixed Rate, 20% Down |
Up to 36 Months |
5, 6, 7 Years |
N/A |
9.00% |
9.381% |
$31.81 |
| Recreational Vehicle*** (Motorcycle, Snowmobile, ATVs) |
Loan Term |
Rate Index |
Rate Change Frequency |
Interest Rate |
Annual Percentage Rate |
Pmt per $1,000 |
| New, 20% Down |
Up to 48 Months |
N/A |
N/A |
7.50% |
7.763% |
$24.19 |
| Used, 20% Down |
Up to 36 Months |
N/A |
N/A |
8.00% |
8.300% |
$31.35 |
| Campers, Motor Homes, Boats |
Loan Term |
Motor Home Age |
Rate Index |
Interest Rate |
Annual Percentage Rate |
Pmt per $1,000 |
| Fixed Rate, 20% Down |
Up to 96 Months |
New |
N/A |
7.50% |
7.763% |
$13.89 |
| Fixed Rate, 20% Down |
Up to 72 Months |
1-2 Years |
N/A |
7.50% |
7.763% |
$17.30 |
| Fixed Rate, 20% Down |
Up to 60 Months |
3 Years |
N/A |
7.50% |
7.763% |
$20.05 |
| Fixed Rate, 20% Down |
Up to 48 Months |
4, 5 or 6 Years |
N/A |
8.00% |
8.300% |
$24.42 |
| Second Mortgages* |
Loan Term |
Rate Index |
Rate Change Frequency |
Interest Rate |
Annual Percentage Rate |
Pmt per $1,000 |
Rate Caps |
| Home Equity Loan - 10 Years |
120 Months |
N/A |
Fixed |
4.99% |
5.477% |
$10.60 |
N/A |
| Home Equity Loan - 7 Years |
84 Months |
N/A |
Fixed |
4.75% |
5.423% |
$14.02 |
N/A |
| Home Equity Lines of Credit for Loan Amounts between $25,000 - $99,999 |
300 Months |
WSJ Prime + .50% |
Monthly |
4.25% fixed for first 12 months (after 12 months rate will be variable at WSJ Prime +.50%). Floor rate of 3.50% |
4.25% |
N/A |
18% |
| Home Equity Lines of Credit for Loan Amounts of $100,000 or more |
300 Months |
WSJ Prime + .25% |
Monthly |
4.00% fixed for first 12 months (after 12 months rate will be variable at WSJ Prime + .25%). Floor rate of 3.50% |
4.00% |
N/A |
18% |
KwikCash *
*Income Restrictions apply |
1 - 7 years |
N/A |
Fixed Rate |
5.500% |
5.586% |
$14.38 |
N/A |
| Savings Loan |
Loan Term |
Rate Index |
Rate Change Frequency |
Rate/APR |
Annual Percentage Rate |
Pmt per $1,000 |
Rate Caps |
| Certificate of Deposit Loans |
Maturing when CD Matures |
CD APY +2% |
Fixed rate |
CD APY +2% |
CD APY + 2% |
N/A |
N/A |
| Stock/Mutual Funds/Trust Accounts |
Up to 60 Months |
WSJ Prime |
Monthly |
4.25% floor, RATE AND APR ARE VARIABLE |
4.25% floor, RATE AND APR ARE VARIABLE |
N/A |
18% |
| |
|
|
|
|
|
|
|
| Credit Cards |
Interest Rate |
APR |
Pmt per $1,000 |
| Visa Platinum Card through TCM Bank |
See the card application's Important Disclosures for current terms, rates and fees. Cards are issued by TCM Bank, N.A. pursuant to a license from Visa U.S.A., Inc. |
See the card application's Important Disclosures for current terms, rates and fees. Cards are issued by TCM Bank, N.A. pursuant to a license from Visa U.S.A., Inc.
|
|
Consumer Loan Fee of $50 applies to all Consumer Loans. This fee is due and payable at the time of loan closing.
Vendors Single Insurance (VSI) Fee of $50.00 applies to all Consumer Loans secured by autos, motorcycles, RVs, boats, mobile homes on leased land, snowmobiles and tractors.
Annual Percentage Rate is based on $10,000 loan.
For all Consumer Installment Loans, if the Borrower opens and maintains an auto debit with LNB for the term of the loan, the rate will be .25% less.
Estimated closing costs range from $715 - $1,137.
Minimum Home Equity Loan is $10,000.00.
Minimum Home Equity Line of Credit is $25,000.00. NO CLOSING COSTS for most borrowers: Ledyard National Bank will provide a Standard Closing Cost Credit (to offset the appraisal, title search, flood determination, credit report, and recording fees) to borrowers with an active deposit account with Ledyard, and an initial draw of at least $25,000; some exceptions apply. [The exceptions are: non-standard high cost appraisals, transactions involving trusts or other non-standard title work, and lender’s title insurance applicable to first lien loans.]
Loan term: 10 year interest only revolving line of credit, automatically adjusting to a 15 year amortizing loan at year 11. Ability to draw from line of credit ends at amortizing payment period.
* KwikCash Loans - Properties must be located in the Bank's CRA Assessment Area and gross annual income of applicant(s) cannot exceed $64,480 (NH Residents) or $57,520 (VT Residents). Please call 888-746-4562 to get CRA assessment area & gross annual income information. Minimum loan amount $2,500.00. Maximum loan amount $10,000.00.
RATES ARE POSTED EVERY FRIDAY, HOWEVER, RATES ARE SUBJECT TO CHANGE DAILY. RATES AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
For more information on any of these loan products, please call us, or stop by one of our offices and we will be happy to provide you with any information you would like.
Check out our Loan Calculator.
Mortgage Rates
Effective: October 18, 2018 1 Yr. Treasury 2.625%
| MORTGAGE PROGRAM |
TERM IN YEARS |
RATE |
POINTS |
APR |
MARGIN |
CAPS |
PAYMENT PER $1000 |
| FIXED LOAN RATES UP TO $453,100 - SERVICING RELEASED |
| Fixed Rate |
30 |
5.000% |
0 |
5.111% |
N/A |
N/A |
$5.37 |
| Fixed Rate |
20 |
4.875% |
0 |
5.026% |
N/A |
N/A |
$6.53 |
| Fixed Rate |
15 |
4.500% |
0 |
4.690% |
N/A |
N/A |
$7.65 |
| Fixed Rate |
10 |
4.125% |
0 |
4.369% |
N/A |
N/A |
$10.18 |
| ADJUSTABLE LOAN RATES UP TO $453,100 - SERVICING RELEASED |
| 10/1 ARM |
30 |
3.990% |
0 |
4.095% |
2.875% |
2/6 |
$4.77 |
| 7/1 ARM |
30 |
3.875% |
0 |
3.979% |
2.875% |
2/6 |
$4.70 |
| 5/1 ARM |
30 |
3.750% |
0 |
3.853% |
2.875% |
2/6 |
$4.63 |
| 3/1 ARM |
30 |
3.625% |
0 |
3.728% |
2.875% |
2/6 |
$4.56 |
| 1/1 ARM |
30 |
3.500% |
0 |
3.602% |
2.875% |
2/6 |
$4.49 |
| JUMBO LOANS (ABOVE $424,100) |
| Call for rate and term |
| An add-on of .50% will be applied to the interest rate for all investment properties. |
| CONSTRUCTION LOANS (UP TO $453,100) - SERVICING RETAINED |
| 12 Months Fixed |
1 |
5.500% |
0 |
7.792% |
N/A |
N/A |
$5.69 |
| MANUFACTURED HOME LOANS - SERVICING RETAINED |
| Fixed Rate |
25 |
7.250% |
0 |
7.392% |
N/A |
N/A |
$7.23 |
| Fixed Rate |
20 |
7.125% |
0 |
7.290% |
N/A |
N/A |
$7.83 |
| Fixed Rate |
15 |
6.750% |
0 |
6.952% |
N/A |
N/A |
$8.85 |
| Properties must be located in the bank's CRA Assessment Area and gross annual income of applicant(s) cannot exceed $64,480 (NH residents) or $57,520 (VT residents). Please call 888-746-4562 to get CRA assessment area & gross annual income information. Minimum loan amount is $10,000. We will offer a 0.25 discount off rate if borrower maintains a Ledyard National Bank checking account with Auto Deduct for this loan payment. |
| CONSTRUCTION LOANS (ABOVE $453,100) |
| Please call for special rates and programs. |
Land
| MORTGAGE PROGRAM |
TERM IN YEARS |
RATE |
POINTS |
APR |
MARGIN |
CAPS |
PAYMENT PER $1000 |
| Fixed Rate |
10 |
6.500% |
0 |
6.783% |
N/A |
N/A |
$11.35 |
Maximum loan-to-value (LTV) is 65%.
Home Equity Loan
| MORTGAGE PROGRAM |
TERM IN YEARS |
RATE |
POINTS |
APR |
MARGIN |
CAPS |
PAYMENT PER $1000 |
| 10 Year Term |
10 |
4.99% |
0 |
5.477% |
N/A |
N/A |
$10.60 |
| 7 Year Term |
7 |
4.75% |
0 |
5.423% |
N/A |
N/A |
$14.02 |
APR (Annual Percentage Rate) based on maximum loan indicated
Rates are posted every Thursday, however, rates are subject to change daily.
All rates and programs are subject to change without notice. Variable rates are subject to change after consummation.
Rates assume monthly escrow for real estate taxes and homeowners insurance. Estimated closing costs range from $715 - 1,137.
MORTGAGE
PROGRAM |
TERM IN MONTHS |
RATE |
POINTS |
APR |
MARGIN |
CAPS |
PAYMENT PER $1000 |
| 20% Down, $500 Fee |
6 Months |
7.000%
RATES MAY INCREASE |
0 |
7.125% APR based on a loan amount of $100,000 |
WSJ Prime + 1.75% |
18% |
$6.65 |
CONTACTS: General 603-643-2244
Neal Meagher at 603-790-1776 or neal.meagher@ledyardbank.com
Edward Bidlack at 603-526-5606 or edward.bidlack@ledyardbank.com
Locations:
38 S Main St., Hanover
Lebanon at Park St., Hanover
178 County Rd., New London
On The Green, Lyme
320 Main St., Norwich
67 Main St., W. Lebanon
Route 120, 42 Old Etna, Rd., Lebanon
Special programs and rates may be available upon request.
PREQUALIFICATION IS QUICK AND EASY!
Please call Neal Meagher at 603-790-1776 or Edward Bidlack at 603-526-5606 for assistance.
Click here for Mortgage Loan Calculator.
RATES ARE SUBJECT TO CHANGE DAILY. RATES AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE
Note: For all Ledyard products, other terms and conditions may apply.
Deposit Rates
Effective as of June 21, 2018
| TERM |
ANNUAL PERCENTAGE YIELD (APY) |
INTEREST RATE |
MINIMUM DEPOSIT TO OPEN & TO EARN APY |
| Certificates of Deposit |
| Ledyard Plan Total Connection (1) |
| Up to 90 days |
0.45% |
0.45% |
$1,000 |
| 91 to 182 days |
0.50% |
0.50% |
$1,000 |
| 183 to 365 days |
0.65% |
0.65% |
$1,000 |
| 366 to 729 days |
0.80% |
0.80% |
$500 |
| 730+ days |
1.21% |
1.20% |
$500 |
| Ledyard Plan Connection (2) |
| Up to 90 days |
0.40% |
0.40% |
$1,000 |
| 91 to 182 days |
0.45% |
0.45% |
$1,000 |
| 183 to 365 days |
0.60% |
0.60% |
$1,000 |
| 366 to 729 days |
0.75% |
0.75% |
$500 |
| 730+ days |
1.16% |
1.15% |
$500 |
| Primary Connection (3) |
| Up to 90 days |
0.35% |
0.35% |
$1,000 |
| 91 to 182 days |
0.40% |
0.40% |
$1,000 |
| 183 to 365 days |
0.55% |
0.55% |
$1,000 |
| 366 to 729 days |
0.70% |
0.70% |
$500 |
| 730+ days |
1.11% |
1.10% |
$500 |
| Basic Connection (4) |
| Up to 90 days |
0.30% |
0.30% |
$1,000 |
| 91 to 182 days |
0.35% |
0.35% |
$1,000 |
| 183 to 365 days |
0.50% |
0.50% |
$1,000 |
| 366 to 729 days |
0.65% |
0.65% |
$500 |
| 730+ days |
1.06% |
1.05% |
$500 |
(1) CD plus primary checking with full Ledyard Plan relationship benefits
(2) CD only with qualifying Ledyard Plan
(3) CD plus Ledyard primary checking account balance
(4) CD-only
| TERM |
ANNUAL PERCENTAGE YIELD (APY) |
INTEREST RATE |
MINIMUM DEPOSIT TO OPEN & TO EARN APY |
| CDARS |
| 4 weeks |
0.11% |
0.11% |
$10,000 |
| 13 weeks |
0.11% |
0.11% |
$10,000 |
| 26 weeks |
0.11% |
0.11% |
$10,000 |
| 52 weeks |
0.21% |
0.21% |
$10,000 |
| Individual Retirement Accounts |
| 1 - 2 years fixed |
0.50% |
0.50% |
$500.00 |
| 2 - 3 years |
0.65% |
0.65% |
$500.00 |
| 3 - 4 years |
1.00% |
1.00% |
$500.00 |
| 4 - 5 years |
1.26% |
1.25% |
$500.00 |
| Variable Rate |
0.50% |
0.50% |
$10.00 |
| TERM |
ANNUAL PERCENTAGE YIELD (APY) |
INTEREST
RATE |
MINIMUM DEPOSIT TO OPEN |
MINIMUM BALANCE TO EARN APY |
| Checking Accounts |
| NOW Account |
0.01% |
0.01% |
$10.00 |
$750.00 |
| Savings Accounts |
| Personal Statement Savings: |
| $250.00 - $49,999.99 |
0.15% |
0.15% |
$10.00 |
$250.00 |
| $50,000 and up |
0.20% |
0.20% |
|
$250.00 |
| Minor/Senior Savings Account |
| $0.01 - $49,999.99 |
0.05% |
0.05% |
$10.00 |
$0.01 |
| $50,000.00 and up |
0.10% |
0.10% |
|
|
| Step Up Money Market Account |
| $1,500.00 - $74,999.99 |
0.15% |
0.15% |
$1,500.00 |
$1,500.00 |
| $75,000.00 - $149,999.99 |
0.20% |
0.20% |
|
$1,500.00 |
| $150,000.00 - $249,999.99 |
0.25% |
0.25% |
|
$1,500.00 |
| $250,000.00 - $499,999.99 |
0.40% |
0.40% |
|
$1,500.00 |
| $500,000.00 and up |
0.45% |
0.45% |
|
$1,500.00 |
| Commercial Accounts |
| Business Statement Savings: |
| All Balances |
0.20% |
0.20% |
$10.00 |
$500.00 |
- With the exception of the fixed rate CD and IRA accounts, rates and APYs are variable and may change after the account is opened.
- Fees could reduce earnings on the account.
- Penalties may be imposed for early withdrawals for CDs and IRAs.
Refer to the account disclosure for additional details.
Check out our Savings Calculator.