The people of Ridgewood Savings Bank have been proudly serving their local communities since the bank was founded back in 1921. A lot of things have changed through the years, but one thing has remained the same: their commitment to meeting the needs of their customers and communities.
Ridgewood Savings Bank is convenient, courteous, comfortable and secure. Whatever your financial needs, you'll find the valuable products and services you want.
Highest local savings rate in my zipcode for interest.
No minimum required for free checking. Part ownership as this is a mutual savings bank. Quick ach fund transfers after initial waiting period. Quick response time with customer service in email. They gave me wrong info when I asked when I will get quicker ach transfer next day funding but it eventually got activated as wording was confusing as to when it would occur. New bank President and board members were appointed as well since I have had this account. Bank is very well run and very stable. My branch is an original branch from 1940 which was landmarked and is made of stone and marble. Interest rate is on par with the best as it has no restrictions unlike other higher rate accounts.
I use another local account for electronic deposits but I ach funds into this bank. Also free teller checks as well are offered with the checking account including free notary public.
My time as an account holder at Ridgewood Savings Bank has been nothing but excellent. I have both a checking and savings account and I would not bank at any other institution going forward. Ridgewood has been specifically helpful when it has come to fraudulent charges and mistaken double charges on my card. There were several instances where a store had double charged me for the same transaction. The individuals I dealt with at Ridgewood to resolve this error were helpful, attentive, and worked quickly. There were also two instances where my debit card information had been stolen. Ridgewood was on the ball in stopping any out of control spending before it could occur by closely monitoring my account for suspicious activity. I feel safe having my money in this bank as opposed to large national chains (which I had experience with prior to banking at Ridgewood). I get personalized help from a small group of workers as opposed to a call center that is very impersonal.
Overall | |
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FDIC Certificate # | 16026 |
Year Established | 1921 |
Employees | 534 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.77% |
Return on Equity - YTD | 6.75% |
Annual Interest Income | $55.1MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $6.92B$6.79B |
Loans | Q1 2023vs Q1 2022 | $4.32B$3.83B |
Deposits | Q1 2023vs Q1 2022 | $5.50B$5.53B |
Equity Capital | Q1 2023vs Q1 2022 | $794.0MM$805.0MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $31.0MM$27.0MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $54.2MM$76.9MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $731.00K$215.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25%* | $50k* | - | Premier Checking | ||
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k |