Youth Accounts

Youth Accounts

Open a new Kids Club or School Passbook Account and we will match your deposit up to


$10

We offer a variety of Youth Account options because it is never too early to begin saving.

Open a new Kids Club or School Passbook Account and we will match your deposit up to $10.

 
Kids icon

Up to $10 Match - To help your child save we match up to $10 upon opening of a  Kids Club or School Passbook Account.

 

 
Kids icon

Currently yielding 1.30%APY* - Our Kids Club and School Passbook Accounts offer a great rate and can be opened with just a penny.

 

 

*Annual Percentage Yield.

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. No minimum deposit to open. Rate and terms may change after the account is opened.

 

 

Learn more about our Youth Account options

  • Kids Club
  • School Passbook Account
  • Student Advantage Account

The Kids Club is a great way for kids to save and to learn about managing their money. The account is opened in the child’s name, providing him or her with a sense of independence. Interested kids need a Social Security card and must be able to sign or print their name in order to open an account. Any amount over $.25 can be deposited at any time, and the minimum balance to open a Kids Club account is $.01. Customers must be 17 or younger to qualify for this account.

Product Minimum to Open Interest Rate APY*
Kids Club $.01 1.27% 1.30%

Visit your local branch to get started.

*Annual Percentage Yield

Fees charged on some accounts may reduce your earnings.

Rates and terms are subject to change without notice.

Rates are effective as of 1/13/2020

Our School Passbook Account is designed for children under 17 years of age who are currently enrolled in a participating school. This account is designed to help kids learn about the benefits of saving. To make things easier, we’ve established a pickup/return schedule with participating schools. This service enables kids to make regularly scheduled deposits directly from school. Interested students need a Social Security card and must be able to sign or print their name in order to open an account. There is no minimum balance and kids can deposit any amount over $.25.

Product Minimum to Open Interest Rate APY*
School Passbook Account $.01 1.27% 1.30%

To get your school started or to inquire if your school is already participating, contact Nancy Adzemovic at (718) 261-2021 or email her at nadzemovic@ridgewoodbank.com

*Annual Percentage Yield

Fees charged on some accounts may reduce your earnings.

Rates and terms are subject to change without notice.

Rates are effective as of 1/13/2020

If you’re a student, or a parent sending your son or daughter to college, then this is the account you’re looking for. There’s no minimum balance and no maintenance fees, and the account is set up so that it’s easy for parents to make deposits. There’s also one free “Oops” fee per year. Current student ID or class schedule is required at opening. 

  • 55,000 Free ATMs with Ridgewood Debit MasterCard®
  • Free checking with no monthly minimum balance*
  • Free online banking
  • Free bill pay
  • Free mobile banking**
  • Free eStatements
  • Eight free non-Ridgewood ATM transactions***
  • One free Oops fee per year****
  • Parents can easily make deposits to your account
  • With a Ridgewood Debit MasterCard® you can earn Ridgewood Rewards and cash back on everyday purchases
  • $25 initial deposit to open a Student Advantage Account
OPEN AN ACCOUNT ASK A QUESTION

* $25 initial deposit to open a Student Advantage Account.

**No Ridgewood charges…data rates may apply.

***Certain fees may be imposed by operators of an ATM other than Ridgewood Savings Bank.

****The Oops fee can be used to waive one NSF fee per calendar year.

Tools

Our tools and resources

Explore budgeting tools, helpful video demos, and security tips in our resource section.

Go now