Ridgewood Savings Bank

Branches

Your current location is: New York, NY

Ridgewood Savings Bank Locations

Rates - September 25, 2018

Your current location is: New York, NY

CD RATES APY MIN MAX
3 Mo CD 10K
1.00% $500 - Compare
6 Mo CD 10K
1.25% $500 - Compare
12 Mo CD 10K
1.85% $500 - Compare
18 Mo CD 10K
2.10% $500 - Compare
24 Mo CD 10K
2.25% $500 - Compare
Special: 30 Mo CD
2.80% $500 $250,000 Compare
36 Mo CD 10K
2.30% $500 - Compare
48 Mo CD 10K
2.45% $500 - Compare
60 Mo CD 10K
2.60% $500 - Compare
SAVINGS RATES APY MIN MAX
SAV
1.75% $0 - Compare
Savings 2.5K
0.30% $100 - Compare
FIXED IRA RATES APY MIN MAX
Fixed IRA 0K
1.85% $500 -
Special: 30 Mo FIRA
2.80% $500 $250,000
MM RATES APY MIN MAX
MM 2.5K
0.20% $1 $9,999 Compare
MM 10K
0.25% $10,000 $24,999 Compare
MM 25K
0.65% $25,000 - Compare
INT CHECKING RATES APY MIN MAX
INTCK2.5K
0.17% $100 $9,999

Overview 2018

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16026
Date Established 1921
Assets $5.46 billion
Loans $3.71 billion
Deposits $4.26 billion
Capital $0.71 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.13 billion
Interest-bearing balances $0.09 billion
Total securities $1.35 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $3.71 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 $0.18 billion
     Total Assets $4.75 billion

LIABILITIES
Total deposits $4.26 billion
      Interest-bearing deposits $3.89 billion
      Deposits held in domestic offices $4.26 billion
      % insured (estimated) 92.86%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.40 billion
Subordinated debt $0.00 billion
All other liabilities $0.09 billion
      Total Liabilities $4.75 billion
      Shareholders’ Equity $0.71 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.08 billion
Total Interest Expense $0.02 billion
Net interest income $0.06 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.02 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
    LOCAL CD
    Bank
    NEW YORK
    $50,000
    3 Month
    1.00%
    3.02x (National Avg. - 0.33%)
    $500
    -
    SCENARIO
    $compareResults
    Year Rate
    1.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 500 350
    2 50,500 505 354
    3 51,005 510 357
    4 51,515 515 361
    5 52,030 520 364
    6 52,551 526 368
    7 53,076 531 372
    8 53,607 536 375
    9 54,143 541 379
    10 54,684 547 383
    11 55,231 552 387
    12 55,783 558 390
    13 56,341 563 394
    14 56,905 569 398
    15 57,474 575 402
    16 58,048 580 406
    17 58,629 586 410
    18 59,215 592 415
    19 59,807 598 419
    20 60,405 604 423
    TOTAL $11,010 $7,707
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    2.55%
    3.05x (National Avg. - 0.84%)
    $500
    -
    SCENARIO
    $compareResults
    Year Rate
    2.55%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,275 893
    2 51,275 1,308 915
    3 52,583 1,341 939
    4 53,923 1,375 963
    5 55,298 1,410 987
    6 56,709 1,446 1,012
    7 58,155 1,483 1,038
    8 59,638 1,521 1,065
    9 61,158 1,560 1,092
    10 62,718 1,599 1,120
    11 64,317 1,640 1,148
    12 65,957 1,682 1,177
    13 67,639 1,725 1,207
    14 69,364 1,769 1,238
    15 71,133 1,814 1,270
    16 72,947 1,860 1,302
    17 74,807 1,908 1,335
    18 76,714 1,956 1,369
    19 78,671 2,006 1,404
    20 80,677 2,057 1,440
    TOTAL $32,734 $22,914
  • 3
    ONLINE CD
    Online Bank
    -
    $50,000
    60 Month
    3.10%
    1.90x (National Avg. - 1.64%)
    $500
    -
    SCENARIO
    $compareResults
    Year Rate
    3.10%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,550 1,085
    2 51,550 1,598 1,119
    3 53,148 1,648 1,153
    4 54,796 1,699 1,189
    5 56,494 1,751 1,226
    6 58,246 1,806 1,264
    7 60,051 1,862 1,303
    8 61,913 1,919 1,344
    9 63,832 1,979 1,385
    10 65,811 2,040 1,428
    11 67,851 2,103 1,472
    12 69,954 2,169 1,518
    13 72,123 2,236 1,565
    14 74,359 2,305 1,614
    15 76,664 2,377 1,664
    16 79,041 2,450 1,715
    17 81,491 2,526 1,768
    18 84,017 2,605 1,823
    19 86,622 2,685 1,880
    20 89,307 2,769 1,938
    TOTAL $42,075 $29,453