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RIDGEWOOD MONEY MARKET ADVANTAGES
A robust liquid savings account with easy access to your money can give you peace of mind, expanded opportunities and help you earn money over time.
PowerFlex Money Market Account
Our PowerFlex Money Market Account provides tiered rates that offer a higher return the more you save, check writing capabilities, and easy access to your money when you need it.
| Product | Minimum to Open | Interest Rate | APY* |
|---|---|---|---|
| PowerFlex Money Market $0.01 - $9,999.99 | $1,000 | 0.20% | 0.20% |
| PowerFlex Money Market $10,000.00 - $24,999.99 | $1,000 | 0.25% | 0.25% |
| PowerFlex Money Market $25,000.00 or more | $1,000 | 0.34% | 0.35% |
| Rates are effective as of 4/01/2025 |
VISIT YOUR NEAREST BRANCH SCHEDULE APPOINTMENT
WHAT NEW CUSTOMERS WILL NEED TO OPEN AN ACCOUNT:
- You must be 18 years of age or older
- Your Social Security Number/Individual Taxpayer Identification Number
- Government Issued Identification (Driver's License, State ID, Military ID, or Passport)
- Joint account owners must enter and validate their personal information
- Your account and routing number, if funding by electronic transfer from another bank
Each new customer must appear personally and provide identification.
Identification acceptable for opening an account include: Two items from Group A or one item from Group A and one item from Group B. All documents must be current and valid.
Group A:
- Valid U.S. Passport
- Valid U.S. Passport Card
- Foreign Passport, if it includes a valid U.S. Visa
- U.S. Citizenship papers
- New York State Driver or Chauffeur License, bearing official state validation and photo
- New York State non-Driver license
- Out of State Driver or Chauffeur License, bearing official state validation and photo, where a sample is included in the U.S. Identification Manual
- New York State Identification Card, bearing official state validation and photo
- Out of State Identification Card, bearing official state validation and photo, where a sample is included in the U.S. Identification Manual
- Armed Forces ID Card
- New York State Benefit Card – with photo
- Learners permit, bearing official state validation and photo,
- Permanent Resident Card
- VISA
Group B:
- Employee's Photo ID Card – Local/Nationally recognized companies only
- Major Credit Card (i.e.: Visa, Mastercard, American Express, or Discover Card)
- New York State Automobile Registration bearing official state validation
- School ID
- New York State Benefits Card without a picture
- Voter's Registration Card
- Working Papers
- Library Card
- Healthcare Insurance Card
- New York City Municipal ID card
For more intricate new accounts, please call your nearest branch to learn more about the required documents to open an account.
* Annual Percentage Yield.
The $15 monthly maintenance fee is waived if a balance of $1,000 is maintained at the end of the statement cycle. Fees charged on some accounts may reduce your earnings.
Rates & terms are subject to change without notice.
Smart Move Money Market† Account - Earn up to 4.05%APY*
Boost your earnings effortlessly and keep your money easily accessible with our Smart Move Money Market Account. This account provides savers with risk-free growth while offering amazing interest rates. It can only be opened online and is available to new depositors only.
| Product | Minimum to Open | Interest Rate | APY* |
|---|---|---|---|
| Smart Move Money Market $10,000.00 - $74,999.99 | $10,000 | 3.92% | 4.05% |
| Smart Move Money Market $75,000.00 - $124,999.99 | $10,000 | 3.92% | 4.05% |
| Smart MoveMoney Market $125,000.00 - $250,000 | $10,000 | 3.92% | 4.05% |
| Smart Move Money Market $250,000.01 or more | $10,000 | 0.25% | 0.25% |
| Rates are effective as of 4/01/2025 |
*Annual Percentage Yield.
†This special Smart Move Money Market offer is limited to consumers who do not have a deposit account either personally or as joint owner at Ridgewood. One Smart Move Money Market account per customer and must be opened online. Interest is earned based on the balance in the account at the end of each day in accordance with these tiers stated above and for balances $0 - $9,999.99 there is no interest. The $15 monthly maintenance fee is waived if a balance of $5,000 is maintained at the end of the statement cycle. There is a monthly fee of $5 for paper statements. Overdraft coverage is not offered on the Smart Move Money Market account.
Fees may reduce earnings.
Offer may be withdrawn at any time without prior notice.
Rates, terms and tiers are subject to change without notice.