Ridgewood Savings Bank

Branches

Your current location is: New York, NY

Ridgewood Savings Bank Locations

Rates - January 23, 2019

Your current location is: New York, NY

CD RATES APY MIN MAX
3 Mo CD
1.20% $500 - Compare
6 Mo CD
1.50% $500 - Compare
12 Mo CD
2.00% $500 - Compare
18 Mo CD
2.25% $500 - Compare
24 Mo CD
2.35% $500 - Compare
Special: 30 Mo CD
2.65% $500 $250,000 Compare
36 Mo CD
2.50% $500 - Compare
48 Mo CD
2.60% $500 - Compare
60 Mo CD
2.75% $500 - Compare
SAVINGS RATES APY MIN MAX
MM RATES APY MIN MAX
Money Market
0.20% $1 $9,999 Compare
Money Market
0.25% $10,000 $24,999 Compare
Money Market
0.65% $25,000 - Compare
FIXED IRA RATES APY MIN MAX
Fixed IRA
2.00% $500 -
Special: 30 Mo FIRA
2.65% $500 $250,000
INT CHECKING RATES APY MIN MAX
0.10% $100 $9,999

Overview 2019

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16026
Date Established 1921
Assets $5.47 billion
Loans $3.80 billion
Deposits $4.26 billion
Capital $0.71 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.10 billion
Interest-bearing balances $0.07 billion
Total securities $1.30 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $3.80 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.08 billion
All other assets $0.19 billion
     Total Assets $4.76 billion

LIABILITIES
Total deposits $4.26 billion
      Interest-bearing deposits $3.89 billion
      Deposits held in domestic offices $4.26 billion
      % insured (estimated) 92.51%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.41 billion
Subordinated debt $0.00 billion
All other liabilities $0.09 billion
      Total Liabilities $4.76 billion
      Shareholders’ Equity $0.71 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.13 billion
Total Interest Expense $0.03 billion
Net interest income $0.09 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.07 billion
Pre-tax Net Operating Income $0.03 billion

Ridgewood Savings Bank is an FDIC insured institution headquartered at 7102 Forest Avenue, Ridgewood, NY 11385.
It was founded in 1921 and has approximately $5 billion in assets. Customers can open an account at one of its 39 branches.

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Bank
    -
    $50,000
    N.A.
    1.85%
    9.07x (National Avg. - 0.20%)
    $0
    -
    SCENARIO
    Year Rate
    1.85%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 925 648
    2 50,925 942 659
    3 51,867 960 672
    4 52,827 977 684
    5 53,804 995 697
    6 54,799 1,014 710
    7 55,813 1,033 723
    8 56,846 1,052 736
    9 57,897 1,071 750
    10 58,968 1,091 764
    11 60,059 1,111 778
    12 61,170 1,132 792
    13 62,302 1,153 807
    14 63,455 1,174 822
    15 64,629 1,196 837
    16 65,824 1,218 852
    17 67,042 1,240 868
    18 68,282 1,263 884
    19 69,545 1,287 901
    20 70,832 1,310 917
    TOTAL $22,142 $15,500
  • 2
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    2.45%
    12.01x (National Avg. - 0.20%)
    $25,000
    -
    SCENARIO
    Year Rate
    2.45%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,225 858
    2 51,225 1,255 879
    3 52,480 1,286 900
    4 53,766 1,317 922
    5 55,083 1,350 945
    6 56,433 1,383 968
    7 57,815 1,416 992
    8 59,232 1,451 1,016
    9 60,683 1,487 1,041
    10 62,170 1,523 1,066
    11 63,693 1,560 1,092
    12 65,253 1,599 1,119
    13 66,852 1,638 1,147
    14 68,490 1,678 1,175
    15 70,168 1,719 1,203
    16 71,887 1,761 1,233
    17 73,648 1,804 1,263
    18 75,452 1,849 1,294
    19 77,301 1,894 1,326
    20 79,195 1,940 1,358
    TOTAL $31,135 $21,795