Ridgewood Savings Bank

Branches

Your current location is: New York, NY

Ridgewood Savings Bank Locations

Rates - March 24, 2019

Your current location is: New York, NY

CD RATES APY MIN MAX
3 Mo CD
1.25% $500 - Compare
6 Mo CD
1.60% $500 - Compare
12 Mo CD
2.15% $500 - Compare
18 Mo CD
2.40% $500 - Compare
24 Mo CD
2.50% $500 - Compare
Special: 30 Mo CD
2.69% $500 $250,000 Compare
36 Mo CD
2.60% $500 - Compare
48 Mo CD
2.70% $500 - Compare
60 Mo CD
2.85% $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
2.15% $500 -
Special: 20 Mo FIRA
2.75% $500 -
Special: 25 Mo FIRA
3.00% $500 -
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.
    2.00%
    9.52x (National Avg. - 0.21%)
    $0
    -
    SCENARIO
    Year Rate
    2.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,000 700
    2 51,000 1,020 714
    3 52,020 1,040 728
    4 53,060 1,061 743
    5 54,122 1,082 758
    6 55,204 1,104 773
    7 56,308 1,126 788
    8 57,434 1,149 804
    9 58,583 1,172 820
    10 59,755 1,195 837
    11 60,950 1,219 853
    12 62,169 1,243 870
    13 63,412 1,268 888
    14 64,680 1,294 906
    15 65,974 1,319 924
    16 67,293 1,346 942
    17 68,639 1,373 961
    18 70,012 1,400 980
    19 71,412 1,428 1,000
    20 72,841 1,457 1,020
    TOTAL $24,297 $17,008
  • 2
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    2.25%
    10.71x (National Avg. - 0.21%)
    $0
    -
    SCENARIO
    Year Rate
    2.25%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,125 788
    2 51,125 1,150 805
    3 52,275 1,176 823
    4 53,452 1,203 842
    5 54,654 1,230 861
    6 55,884 1,257 880
    7 57,141 1,286 900
    8 58,427 1,315 920
    9 59,742 1,344 941
    10 61,086 1,374 962
    11 62,460 1,405 984
    12 63,866 1,437 1,006
    13 65,302 1,469 1,029
    14 66,772 1,502 1,052
    15 68,274 1,536 1,075
    16 69,810 1,571 1,100
    17 71,381 1,606 1,124
    18 72,987 1,642 1,150
    19 74,629 1,679 1,175
    20 76,309 1,717 1,202
    TOTAL $28,025 $19,618