Personal Banking

Deposit Accounts

Certificates of Deposit (CDs)

If you're looking to maximize earnings while minimizing risk, Ridgewood has a CD product for you.

Traditional Short & Long Term CDs

Ridgewood offers traditional short and longer term CDs with many extras. If liquidity is not your primary investment objective, then our CDs offer minimum risk with maximum earnings. Earn competitive rates of return, guaranteed for the entire term of the CD, so there's no worry over changing economic conditions.

View our current rates.

Non-Traditional CDs

Ridgewood is dedicated to offering you the latest in investment options. These Non-Traditional CDs help you plan your best investment strategy.

• Variable-Rate CD
  All it takes is $100 to open and additional deposits can be added to the balance. The interest rate varies based on the Six-Month Treasury Bill rate on the first of each month.

• Bump Up CD
  Now Bump Up for a better rate! Ridgewood's 36-month Bump Up CD puts you in control when rates rise. No longer are you 'locked in' to the rate on your CD. With this option, you'll enjoy a great rate, and the opportunity at any one time to "Bump-Up"* your CD to a higher rate. We do the rest. It's a Win-Win Situation!

  * You have the one-time option, at any time during the term of the CD, to change the interest rate to the rate then offered by the Bank for a traditional CD for the same term of the balance of the original term. Minimum deposit $500.00 There is a substantial penalty for early withdrawal. Offer may be withdrawn at any time.

View our current rates.

• Dow Jones Industrial Average^SM Indexed CD

  The new Ridgewood Savings Bank Dow Jones Industrial Average^SM Indexed CD is a worry-free way to invest your money. Now you can enjoy the benefits of the stock market without the risks! Each five-year investment is FDIC insured up to maximum allowable limits...which means when the market is up, your money is on the rise. When the market is down, your original investment is safe and sound!

• Earnings potential is uncapped & tied to the Dow Jones Industrial Average^SM
• Diversified amongst 30 "Blue Chip" Stocks
• Reliable - Portfolio diversification over a broad segment of the U.S. Economy
• Safety - No downside risk - your principal is guaranteed if held to maturity
• FDIC Insured - Protected up to $100,000 per depositor and up to $250,000 for certain Retirement plans, subject to limitations imposed by law
• Affordable - Only $500 Minimum Deposit Required
• Perfect for all IRA Plans
• No Customer Fees or Charges
• No Management Fees - allowing you to have 100% of your deposit at work

Call (877) 417-6547 today to determine if this Certificate of Deposit is suitable for you.

There may be a penalty for early withdrawal, including a possible loss of principal. "Dow Jones" and "Dow Jones Industrial Average" are service marks of Dow Jones & Company, Inc. and have been sub-licensed for use for certain purposes by Ridgewood Savings Bank. 5 Year Indexed CDs, based on the performance of the Dow Jones Industrial Average^SM are not sponsored, endorsed, sold or promoted by Dow Jones; and Dow Jones makes no representation regarding the advisability of investing in such products. There is no stated annual percentage yield. FDIC insurance is subject to maximum allowable limits. Consult your tax advisor regarding tax benefits of IRAs. Terms subject to change without notice.