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Ridgewood Savings Bank

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FDIC Insurance Coverage

Ridgewood Savings Bank is FDIC-insured

How your FDIC insurance coverage works

As a Federal Deposit Insurance Corporation (FDIC) insured institution, deposits at Ridgewood Savings Bank receive FDIC coverage of up to $250,000 per depositor, for each account ownership category. FDIC insurance covers all types of Ridgewood Savings Bank deposit accounts, including personal and business checking accounts, Certificates of Deposit, savings accounts and money market accounts.

However, a depositor at an FDIC-insured bank, such as Ridgewood Savings Bank, can maintain more than $250,000 in deposits and still be fully insured, provided the accounts meet certain requirements. The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits shown in the chart below refer to the total of all deposits that an account holder has in the same ownership categories at each FDIC-insured bank.


Use the FDIC's helpful Electronic Deposit Insurance Estimator tool to calculate your FDIC coverage on your accounts.

Basic FDIC Deposit Insurance Coverage Limits

Single Accounts (owned by one person) $250,000 per owner
Joint Accounts (two or more persons) $250,000 per co-owner
IRAs and certain other retirement accounts $250,000 per owner
Revocable Trust Account $250,000 per owner per beneficiary subject to specific limitations and requirements
Irrevocable Trust Account $250,000 per trust
Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association
Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant
This is a general overview of FDIC deposit insurance coverage and is not intended as legal or other advice. If you have questions about FDIC coverage limits and requirements, please visit, or call toll-free 1-877-ASK-FDIC.


Access Millions in FDIC Insurance with CDARS®

With CDARS, the Certificate of Deposit Account Registry Service, you can access millions in FDIC insurance at participating network banks by working directly with just our bank.




Deposit placement through CDARS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at an institution may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) if the depositor has other deposits at such institution, or may be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at The depositor may exclude banks from eligibility to receive its funds. IntraFi, CDARS, and Certificate of Deposit Account Registry Service are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.