About Ridgewood Savings Bank
Ridgewood Savings Bank was founded in 1921 and operates in New York. The bank operates more than 30 branches in the Big Apple's five boroughs and surrounding areas.
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Ridgewood Savings Bank Overview
Ridgewood Savings Bank is a full-service bank that offers CD, checking, money market, and savings accounts at its 36 branches in New York City and the surrounding areas. The bank also offers access to more than 90,000 fee-free ATMs nationwide.
| Competitive APYS on many of its CDs. | Accounts only available to resident of New York. |
| Competitive APY on its online savings account. | Not all accounts offer competitive APYs. |
| Free checking and savings accounts options. | Branch network is limited to New York City and surrounding areas. |
| Some accounts have high fees. |
Ridgewood Savings Bank Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Ridgewood Savings Bank offers CDs with terms ranging from three months to seven years. The APYs on all of its CDs are higher than the national averages of 2.60%. Here are the details for some of the bank's CD offerings for April 2025:
Checking Accounts
Ridgewood Savings Bank offers several different business and personal checking accounts. All of the checking accounts offer APYs that are below the national average of 0.01% for checking accounts. Here are the latest account details for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Ridgewood Savings Bank offers one business and one personal money market account, both of which offer APYs that are at or below the national average of 2.02% for money market accounts. Here are the account details for April 2025:
Savings Accounts
A savings account is an interest-bearing account that pays you interest while you save for your financial goals. Ridgewood Savings Bank offers a number of personal savings accounts, one of which is an online-only account that offers a competitive APY. Most other savings accounts offer APYs at or below the national average of 1.45%. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: $30
Savings and Money Market Account excess withdrawals: None
Account closure fee: None
Dormant account fee: None
Wire transfer fee: Domestic - Incoming is $10 and outgoing is $15; International - Incoming is $10 and outgoing is $20
Non-network ATM fee: $1.50
Monthly service charge: $3-$14 depending on the account
Stop payment fee: $25
Paper statement fee: $5
Ridgewood Savings Bank Features
Ridgewood Savings Bank's customer service line is available on weekdays from 7 a.m. to 7 p.m. EST and on Saturdays from 8:30 a.m. to 12 p.m. EST. via phone. The 24-hour automated line is also available for basic account information and functions. Aside from the more than 30 branches the bank operates in New York City, Long Island, and Westchester County, it also allows fee-free access to more than 90,000 ATMs nationwide. The bank has an easy-to-use mobile app that allows customers to check balances, deposit checks, pay bills, and process Zelle transactions.
Ridgewood Savings Bank FAQs
Our Take
Ridgewood Savings Bank operates 36 branches in the New York City area. It offers a full range of bank accounts, such as CDs, checking, money market, and savings accounts. Most of the CDs offered come with a competitive APY along with their online savings account. As this bank is concentrated in the New York City area and only New York residents can open an account with this bank, it is best suited for this demographic.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.