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Ridgewood Savings Bank

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Money Market Account Rates - Earn up to 4.75%APY*

Smart Move Money Market Account

Product Minimum to Open Interest Rate APY*
Smart Move Money Market $10,000.00 - $74,999.99 $10,000 4.58% 4.75%
Smart Move Money Market $75,000.00 - $124,999.99 $10,000 4.58% 4.75%
Smart MoveMoney Market $125,000.00 - $250,000 $10,000 4.58% 4.75%
Smart Move Money Market $250,000.01 or more $10,000 0.25% 0.25%
Rates are effective as of 4/08/2024      

PowerFlex Money Market** Account

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 4/08/2024      

 

OPEN ACCOUNT

VISIT YOUR NEAREST BRANCH SCHEDULE APPOINTMENT

 

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WHAT NEW CUSTOMERS WILL NEED TO OPEN AN ACCOUNT:

  1. You must be 18 years of age or older
  2. Your Social Security Number/Individual Taxpayer Identification Number
  3. Government Issued Identification (Driver's License, State ID, Military ID, or Passport)
  4. Joint account owners must enter and validate their personal information
  5. 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:

  1. Valid U.S. Passport
  2. Valid U.S. Passport Card
  3. Foreign Passport, if it includes a valid U.S. Visa
  4. U.S. Citizenship papers
  5. New York State Driver or Chauffeur License, bearing official state validation and photo
  6. New York State non-Driver license
  7. Out of State Driver or Chauffeur License, bearing official state validation and photo, where a sample is included in the U.S. Identification Manual
  8. New York State Identification Card, bearing official state validation and photo
  9. Out of State Identification Card, bearing official state validation and photo, where a sample is included in the U.S. Identification Manual
  10. Armed Forces ID Card
  11. New York State Benefit Card – with photo
  12. Learners permit, bearing official state validation and photo,
  13. Permanent Resident Card
  14. VISA

Group B:

  1. Employee's Photo ID Card – Local/Nationally recognized companies only
  2. Major Credit Card (i.e.: Visa, Mastercard, American Express, or Discover Card)
  3. New York State Automobile Registration bearing official state validation
  4. School ID
  5. New York State Benefits Card without a picture
  6. Voter's Registration Card
  7. Working Papers
  8. Library Card
  9. Healthcare Insurance Card
  10. 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.

 

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.