CDs

Certificates of Deposit (CDs)

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

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HOW MUCH WILL MY CD EARN

Initial Deposit

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1.00% APY*

1.35% APY*

1.65% APY*

1.95% APY*

2.00% APY*

2.05% APY*

2.10% APY*

2.15% APY*

2.20% APY*

2.25% APY*

2.30% APY*

2.35% APY*

OUR CURRENT CD OPTIONS

  • Penalty Free CD & Variable Rate CD
  • Traditional

If interest rates go up you are protected with our Penalty Free 15 Month CD and our 30 Month Variable Rate CD.

 

Penalty-Free 15 Month CD:

Sit back and relax with our Penalty Free 15 Month CD. This worry-free CD guarantees a great rate of 2.00%APY for 15 months, and if you change your mind, the entire balance can be withdrawn 15 days after account opening, penalty free!

Open this risk free account today at your local branch or online.

 

30 Month Variable Rate CD:

  • Open with a minimum of $500
  • Rate is guaranteed to be 0.10% above the 2 Year US Treasury Rate (subject to a cap) and updates monthly
  • The interest rate will not go below 2.00% (2.05% APY*) and can go as high as 3.50% (3.61% APY*)

Open this variable rate account today at your local branch or online.

 

OPEN AN ACCOUNT ASK A QUESTION

Product Minimum to Open Current Interest Rate Current APY*
Penalty-Free 15 Month CD** $500 1.95% 2.00%
30 Month Variable Rate CD*** $500 2.00% 2.05%
OPEN AN ACCOUNT ASK A QUESTION

Rates are effective as of 10/01/2019

*Annual Percentage Yield

**Withdrawals cannot be made during the first 15 days of account opening. After the 15th day from account opening, the full balance may be withdrawn at any time. No partial withdrawals of principal or interest are permitted at any time. A Ridgewood savings or checking account required. Maximum deposit is $250,000.

***Rate varies monthly and the maximum deposit is $250,000. Penalty for early withdrawal.

Rates and terms on all CDs are subject to change without notice.

 

 

A CD is a great option for keeping your money safe over time, while earning higher than normal interest rates. Many people use CDs to save for retirement, college, or other long-term goals. As long as quick access to funds is not your primary objective, then our CDs offer minimum risk with maximum earnings. Earn competitive rates of return, which are guaranteed for the entire term of the CD.

Product Minimum to Open Current Interest Rate Current APY*
90 Day CD $500 0.98% 1.00%
6 Month CD $500 1.32% 1.35%
9 Month CD $500 1.61% 1.65%
12 Month CD $500 1.90% 1.95%
15 Month Penalty Free CD** $500 1.95% 2.00%
18 Month CD $500 2.00% 2.05%
24 Month CD $500 2.05% 2.10%
36 Month CD $500 2.10% 2.15%
48 Month CD $500 2.15% 2.20%
60 Month CD $500 2.19% 2.25%
72 Month CD $500 2.24% 2.30%
84 Month CD $500 2.29% 2.35%
 
OPEN AN ACCOUNT ASK A QUESTION

Rates are effective as of 10/01/2019

*Annual Percentage Yield

**Withdrawals cannot be made during the first 15 days of account opening. After the 15th day from account opening, the full balance may be withdrawn at any time. No partial withdrawals of principal or interest are permitted at any time. A Ridgewood savings or checking account required. Maximum deposit is $250,000.

Early withdrawal penalties apply on CD accounts.

Rates and terms are subject to change without notice.

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