Get More for Your Money.
Pay Less for Ours.
As a mutual savings bank, we work for our customers and communities, not Wall Street. This gives us the freedom to offer better rates, fewer fees and more flexibility than you'll find at most banks. And, it's the reason we frequently reach out to our customers to learn how we can make their banking experience even better.
Rates That Help Your Money Go Further.
Whether you're saving for the future, buying your first home or teaching your child to save with their very first bank account, we want to help you and your family make the most of each opportunity. That's why we're proud to offer some of the best rates in the area:
FEATURED ACCOUNT RATES
Smart Move Online Savings Account
24-Month CD
Kids Club and School Savings Accounts
Checking with Interest Account
Business Money Market Account
Smart Move Online Savings
0.45% APY2
Balances under $250,000
Kids Club and School Savings Accounts
1.00% APY4
Open with as little as $.01 Learn More About Our Kids Club
Checking with Interest Account
0.05% APY5
Balances under $10,000
View interest rates for balances over $10,000 or Learn More About Our Checking Accounts
Business Money Market Account
0.30% APY6
Balances up to $1,000,000
FEATURED FINANCING RATES
15-Year Fixed-Rate Mortgage
2.500% | 2.60% APR7
0 points | CPM7:$6.67
30-Year Fixed-Rate Mortgage
3.125% | 3.18%
0 points | CPM8: $4.28
Home Equity Line of Credit
Intro 1.99%/2.24% after the first year Prime or Prime plus .25% which is currently 3.25%/3.50% | Intro 1.99%/2.24% after the first year Prime or Prime plus .25% which is currently 3.25%/3.50% APR8
Combined Loan to Value (CLTV) of 65% or less
1 APY = Annual Percentage Yield.
2 Smart Move Online Savings: Fees charged on some accounts may reduce your earnings. Rates and terms are subject to change without notice. Rates are effective as of 6/07/2021.
3 24-Month CD: $500 minimum to open. Maximum deposit is $250,000. Penalty for early withdrawal. Rates and terms on all CDs are subject to change without notice. Rates are effective as of 6/07/2021.
4 Kids Club and School Savings: Customers must be 17 or younger to qualify for this account. Rates and terms are subject to change without notice. Fees charged on some accounts may reduce your earnings. Rates are effective as of 6/07/2021.
5 Checking with Interest: Minimum opening deposit is $100. Minimum combined total balance of $5,000 in your Ridgewood deposit accounts to avoid monthly maintenance fees. Rates are effective as of 6/07/2021.
6 Business Money Market: Balances of $1,000,000.01 and over receive a rate of 0.30% and APY of 0.30%. $15 monthly maintenance charge applies for accounts with an average daily balance below $10,000. Rates and terms are subject to change without notice. Fees may reduce earnings. Rates are effective as of 6/07/2021.
7 15- and 30-Year Fixed-Rate Mortgages: CPM = Cost Per Thousand borrowed. Except as otherwise set forth, rates are available for owner occupied properties located in the five boroughs of NYC, Nassau, Westchester, Suffolk, Putnam, Rockland and Fairfield counties. Rates available for loans up to $822,375. For loans over $822,375 up to $2,000,000 add 0.125% to the rates listed. For loans over $2,000,000 add 0.250% to the rates listed. Maximum loan amounts apply. Rates and terms are subject to change without notice. Loan products and services subject to credit approval. Rates are effective as of 07/27/2021.
8 Home Equity Line of Credit: Rate is determined by Combined Loan to Value (CLTV) ratio. If CLTV is 65% or less, rate is prime plus 0.25%. If CLTV is greater than 65%, rate is prime plus 0.50%. All rates can change monthly. Maximum APR is 7% over initial rate. Loan products and services subject to credit approval. All loans secured by a mortgage lien on property. Rates and terms are subject to change without notice. Rates are effective as of 6/01/2021.
