General Information
variable rate cd

When interest rates go up, feel free to sit back and relax with a Ridgewood Variable Rate CD.  
We offer two options, a 1 Year Variable CD and a 3 Year Variable CD.

 

1 Year Variable CD currently yielding 1.47%APY*

  • Open with a minimum of $500
  • Additional deposits can be added to the balance (minimun $20)
  • Rate is guaranteed to be 0.20% above the 1 Year US Treasury Rate and updates monthly

3 Year Variable Rate CD currently yielding 1.84%APY*

  • Open with a minimum of $500
  • Rate is guaranteed to be 0.25% above the 3 Year US Treasury Rate and updates monthly
  • The interest rate will not go below 1.00% (1.02% APY) and can go as high as 2.50% (2.57% APY*)

 

Product Minimum to Open Current Interest Rate Current APY*
1 Year Variable CD*** $500 1.44% 1.47%
3 Year Variable CD*** $500 1.80% 1.84%

Rates are effective as of 7/17/2017

*Annual Percentage Yield

Early withdrawal penalties apply on CD accounts.

Rates and terms are subject to change without notice.

Fees may reduce earnings.

***Rate varies monthly