Earn Up To $200 With Ridgewood Savings Bank Checking Bonus


Availability: New York State and Fairfield County, Connecticut residents

New York-based Ridgewood Savings Bank is offering its 200good checking bonus, which can earn up to $200. The bonus is actually three different bonuses and is described in the fine print on the promo page:

You will receive promotional compensation as follows if you use the promo code required and actions are performed within the first 60 days of opening your checking account:

    $50 if you sign up and receive eStatements;
    $100 for direct depositing a minimum of $250 from a recurring Direct Deposit of payroll, Federal/state government benefit, or pension benefit;
    $50 for using your debit card ten times to complete a signature or PIN transaction.


  • Limited to one checking account per tax ID#.
  • $25 minimum opening deposit.
  • Bonus maximum amount is $200.
  • Bonus compensation will be credited to checking account within 30 days after the qualifying time period passes (i.e., 90 days).
  • Account must be in good standing to receive compensation.
  • Employees of Ridgewood Savings Bank and their immediate families are not eligible.

Unlike many checking bonuses, Ridgewood Savings Bank does not limit its $200 bonus to new checking accounts or new customers

Existing checking account customers are eligible if the promo code is provided and the required actions are performed after the start date of this offer and prior to the offer’s termination.

Ridgewood Savings Bank has four checking accounts (Basic Checking, Free Checking, Checking With Interest, Student Advantage Account) and all qualify for the bonus. Complete details on these checking accounts are listed on the Personal Checking Accounts page for easy comparison.

Smart Move Online Savings

About a year ago, Ridgewood Savings Bank introduced its Smart Move Online Savings, which earns 1.05% APY on balances up to $250k; balances above $250k earn 0.20% APY. (The 1.05% APY has been in effect since the account was added to the product line.) The Smart Move Online Savings has no minimum opening deposit and no monthly fees.

3.45*%-$250kRidgewood Savings BankSmart Move Online Savings Account
OTHER TIERS: 0.25% $250k+
Rates as of December 9, 2023.

Many thanks to DA reader, troy, for his Forum post about this bonus.


Headquartered in Ridgewood (Queens), Ridgewood Savings Bank’s $200 checking bonus is available to all residents of New York State and Fairfield County, Connecticut.

Opening a checking account and applying for the $200 cash bonus can be done online or at any of 34 New York branches located in Bronx (7), Brooklyn (5), Manhattan (2), Nassau County (6), Queens (10), Suffolk County (2), and Westchester County (2).

The promotion code (200good) must be used when opening a new checking account to qualify for the $200 bonus.

Bank Overview

Ridgewood Savings Bank (FDIC Certificate # 16026) has an overall health grade of "A+" rating at DepositAccounts.com, with a Texas Ratio of 3.02% (excellent) based on June 30, 2016 data. In the past year, Ridgewood Savings Bank has increased its total deposits by $146.21 million, an excellent annual growth rate of 3.7%. Please refer to our financial overview of Ridgewood Savings Bank for more details.

Ridgewood Savings Bank is currently the largest mutual savings bank in New York State, with over $5.3 billion in assets. The Bank was established in 1921 as The Savings Bank of Ridgewood by 14 local entrepreneurs, who were actively involved in the Bank’s day-to-day operations. The Bank’s headquarters in Ridgewood is still located at the original site, although in 1929 a new building replaced the converted taproom that served as the first branch. In 2007, the Bank merged with City and Suburban Bank (Yonkers), expanding its footprint into the Bronx, Manhattan, and Westchester County.

How the 200good Bonus Compares

This is almost free money: the two $50 portions of the bonus don’t involve tying up any funds, and the $100 bonus only requires a recurring Direct Deposit. With no monthly service fees or minimum balance requirement on any of the checking accounts, the $25 opening deposit is the only upfront financial investment.

Other Bank Promotions and Bonuses

Not eligible for Ridgewood Savings Bank’s checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.

Competitive IRA CD Rates at Ridgewood Savings Bank in New York

Sometimes banks will offer higher rates for IRA CDs than for regular CDs. That’s the case Ridgewood Savings Bank which has very competitive rates for its long-term IRA CDs. It’s offering a 7-year IRA CD with a 2.25% APY and a 6-year IRA CD with a 2.00% APY. The regular 5-year CD has a 1.75% APY. Minimum deposit is $500. These rates are listed in the bank’s deposit rates page as of 8/15/2013. Thanks to the reader who emailed me news of these IRAs.

There’s an online application, but at...

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6.25% 120-Month CD at a New York Bank (Ridgewood Savings)
Ridgewood Savings Bank is offering a special 6.25% APY 10-year IRA certificate of deposit. The minimum deposit is $2,000. According to the retirement service rep, the promotion should be available until April 17, 2007. The early withdrawal penalty equals one year of interest. About opening this IRA CD by mail, the service rep said that it would depend on the individual branches.

There's also a grand opening CD special at two of its branches. The specials include a 5% APY 5-year CD, a 5.50% APY 7-year CD and a 6.00% APY...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.