A Summer Job, a Dream, and a Plan: Helping Young Savers Build a Bright Future

July 8, 2025

Here at Ridgewood Savings Bank, we believe every good habit starts young, just like an acorn grows into a mighty oak, your small steps today can build a stronger financial future tomorrow. There's no better time than summer for high school students to begin. Whether you've landed your first job at a neighborhood pizza place, working retail in Queens, running the register at a family-owned deli, stocking shelves at a Long Island market, or helping out at a summer camp in Westchester, those paychecks can help set you on the path to financial confidence. We're proud to stand right by your side, ready to help you learn, save, and build toward the future you imagine.

Summer earnings can feel empowering, but it's important to build smart habits from day one. That’s why Ridgewood offers the Student Advantage Account, a checking account designed specifically for high schoolers and college students. If you are between the ages of 14 and 17, a parent or legal guardian is required as a secondary joint owner on the account. You’ll get your own debit card to manage your money, keep track of spending, and even move money into your Ridgewood Youth Savings Account to set aside funds for something bigger down the road.

Speaking of saving, our Youth Savings Account makes it simple to build up your funds with no monthly fees and easy access whenever you need it. Plus, Ridgewood will match your first $10* when you open a Youth Savings Account — perfect for setting aside part of your summer wages for college, a future car, or an unexpected expense — all while growing your sense of financial independence. Check out Kara Steven’s story and discover how she used a Ridgewood savings account from the time she was seven years old to power her own successful business eventually.

Of course, money smarts don't stop at opening an account. That's where Ridgewood's Financial Academy comes in. You can hop online anytime to learn about budgeting, saving, and managing money, all at your own pace, completely free. Because knowledge is power, and we want you to have both.

At Ridgewood Savings Bank, we've been looking out for our neighbors since 1921, and we're proud to stand by you as you build your future. Here's to making this summer the start of a lifelong journey toward financial confidence — together.

Products, services, terms and conditions subject to change.

*One account per person. Offer subject to change or termination at any time. Up to $10 will be credited upon account opening and will be reported as interest income with a 1099 form. Rate and terms may change after the account is opened. Fees may reduce earnings.