Certificate of Deposit (CD) Rates
Use our free online CD calculator to see how your interest will grow with Ridgewood's CDs.
| Product | Minimum to Open | Current Interest Rate | Current APY* |
|---|---|---|---|
| 2-Year Treasury Indexed CD1 | $100 | 4.10% | 4.24% |
| Product | Minimum to Open | Current Interest Rate | Current APY* |
|---|---|---|---|
| 90 Day CD | $100 | 2.44% | 2.50% |
| 6 Month CD | $100 | 3.30% | 3.40% |
| 9 Month CD | $100 | 3.87% | 4.00% |
| 12 Month CD | $100 | 3.63% | 3.75% |
| 18 Month CD | $100 | 3.44% | 3.55% |
| 24 Month CD | $100 | 3.39% | 3.50% |
| 36 Month CD | $100 | 3.25% | 3.35% |
| 48 Month CD | $100 | 3.25% | 3.35% |
| 60 Month CD | $100 | 3.25% | 3.35% |
| 72 Month CD | $100 | 3.44% | 3.55% |
| 84 Month CD | $100 | 3.44% | 3.55% |
| Product | Minimum to Open | Current Interest Rate | Current APY* |
|---|---|---|---|
| 10 Month Online CD Promo** (New Money Only) | $100 | 4.11% | 4.25% |
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.
Rates are effective as of 4/01/2025
* Annual Percentage Yield
**The maximum amount deposited in the 10 month CD is $500,000. None of the funds used to open this account may come from funds on deposit at Ridgewood Savings Bank. One 10 month CD per customer and must be opened online.
1 A minimum deposit to open is $100 and maximum individual deposit amount of $500,000. Upon maturity, the 2-Year Treasury Indexed CD will roll over into a regular 2-year certificate of deposit at a fixed rate. The 2-Year Treasury Indexed CD is an adjustable rate account that has no cap and a .25% floor. Annual Percentage Yield (APY) displayed as of May 31, 2024. The yield will be based on the 2-Year U.S. Treasury Rate on the quarterly dates of March 1, June 1, September 1, December 1 or the next business day thereafter, plus 0.25%. The Annual Percentage Yield assumes interest will remain on deposit until maturity. Deposits at Ridgewood Savings Bank are generally insured by the FDIC up to a total of $250,000 per depositor.
Early withdrawal penalties apply on CD accounts. Fees may reduce earnings. Other fees and restrictions may apply. Offers subject to change and early termination without prior notice at any time. Products, services, rates, terms and conditions subject to change or discontinuance without notice. The 2-Year Treasury Indexed CD is available for consumers only.