Ridgewood Savings Bank, chartered in 1921 by a group of 14 residents in Queens, is now the largest mutual savings bank in New York State. Its structure allows it to focus on customer needs rather than shareholder returns.
Key Things to Know
Operates 35 branches across NYC boroughs.
Holds approximately $6 billion in assets.
As a mutual savings bank, it is not publicly traded and has no outside investors.
Offers standard banking products with fewer fees than many corporate banks.
Ridgewood Savings Bank Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 06/18/2025.
4.2
52 reviews
from WalletHub and across the web
52 reviews from WalletHub and across the web
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Ridgewood Savings Bank
otis_oday @otis_oday
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5 Star Rating
I had a great experience at Ridgewood Savings Bank in Breezy Point thanks to the outstanding help from Stacey and Jeanette. They were incredibly patient and supportive, guiding me through the entire process of filling out paperwork. Their professionalism and friendly attitude made everything much easier, and I truly appreciated their dedication. Thank you both for sticking with me every step of the way!
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Product: Ridgewood Savings Bank Investments
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Ridgewood Savings Bank
Ronald Roberts @njsroberts
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5 Star Rating
I was at Ridgewood Banks on Sedgwick Ave in the Bronx. I had a mix-up with my mom's and my account. We were treated like family by the associate named Fiona Watkins. I will never bank anywhere else. She was kind, patient, and very courteous with my elderly mom and myself. She is what all bank employees should strive to be. I will not go to any other branch except the Sedgwick Avenue branch. That young lady took my anxiety away when she helped me
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Product: Ridgewood Savings Bank Checking
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Ridgewood Savings Bank
Beverlyds_73 @Beverlyds_73
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3 Star Rating
I have been a depositor at Ridgewood for over 35 years and have been pleased with their service until last year, when a fraudulent check was cashed on my account. I caught the fraud, not Ridgewood. I was refunded the amount and directed to change to a new account, which left me satisfied. However, my bill pay account has recently become extremely problematic, with checks being doubled without my direction, errors that I discovered, not Ridgewood. There was no failsafe to prevent these issues. Currently, I am unable to use my bill pay due to repeated blocking messages from Ridgewood bill pay staff. During an in-person visit, I was told that a large, duplicate bill pay amount would be returned to me after four days. It seems someone is deliberately hindering my use of this account. I was informed that Ridgewood does not use AI, leaving me without an explanation for this current issue. This has caused me great inconvenience, and I am very disappointed with Ridgewood, especially as it is an FDIC agency from which I expect professional business conduct. The rest of the staff are professional and capable; it is only the bill pay department that needs better oversight and accountability.
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Product: Ridgewood Savings Bank Checking
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Ridgewood Savings Bank
Thomas McDonald @tmcd114
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5 Star Rating
I just visited Breezy Point Bank. The staff is exceptional. They always greet customers politely and professionally. It is an absolute pleasure to bank here. Our world doesn't understand the meaning of customer service, but this bank gets it. THANKS
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Product: Ridgewood Savings Bank Checking
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Ridgewood Savings Bank
joseph Adinolfi @josephadinolfi
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5 Star Rating
We received wonderful help and service from Tina Vlastaris, Customer Service Supervisor at the Breezy Point branch. She is a great representative of your bank. Joseph and Rosemary Adinolfi
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Product: Ridgewood Savings Bank Business Services
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Ridgewood Savings Bank
Tommy DiNuzzo @tommydinuzzo
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5 Star Rating
I'm so grateful for and appreciate the awesome services from two wonderful hard-working tellers named Robert Sattler and Brian Menz. These guys are amazing at the Hicksville Branch. I have been a very long-time customer and I'm so grateful for all their hard work and services. They demonstrate professionalism and truly care about the customers. My family, friends, and I are so happy to continue being part of the Ridgewood family. This is how you feel interacting with them.
It's a true pleasure coming in and driving up to the Hicksville Branch when their staff goes above and beyond for their customers. The tellers and the management are great.
Keep up the awesome work! You are highly and greatly appreciated.
Thank you for all you do.
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Product: Ridgewood Savings Bank Business Services
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Ridgewood Savings Bank
mhm171 @mhm171
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1 Star Rating
The main branch has a long way to go to achieve a friendly atmosphere! I went in and stood at the customer service desk next to a guard, wearing a mask and looking straight ahead. I wondered how long I would have to wait before he would ask me what I was there for. The answer is forever!
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Product: Ridgewood Savings Bank Checking
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Ridgewood Savings Bank
robert kinney @rubob2_59
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5 Star Rating
I just opened an IRA account with Marina Tur in Forest Hills. It was a very pleasant experience. It was handled quickly and professionally. I highly recommend Ms. Tur and the bank.
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Product: Ridgewood Savings Bank CDs
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Ridgewood Savings Bank
ennetburgenllc @ennetburgenllc
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5 Star Rating
Kathy Solero at the Whitestone Branch is the best retail customer service person/teller my family has ever seen. She has been with RSB over 40 years and has provided all of us with excellent, friendly, caring and knowledgeable service for our banking needs as they have evolved over 40 years LOL. She is the model for the business. We cannot thank her and RSB enough.
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Product: Ridgewood Savings Bank Savings
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Ridgewood Savings Bank
rgerber2006 @rgerber2006
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5 Star Rating
I would like to mention and comment about rhe excellence of an employee at Ridgewood Branch #25. Our family has been doing our banking at this branch for several years. We have been extremely satisfied with thr excellence of customer service and the handling of all our financial needs. Our recent experience withe your representative INDIA M. has been wonderful. She has given my wife and I the most personal service we could ever expect for all our banking needs. She was very knowledgeable and very versed on all the important details of the transaction. INDIA is certainly a great asset to the branch team. We will always seek her advice and expertise. We believe this review should be received by INDIA'S supervisor, so she can be acknowledged as a superior employee of the bank. Warmest and sincere thanks, Robert and Mariana Gerber
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Product: Ridgewood Savings Bank CDs
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Ridgewood Savings Bank
Pacurlz @Pacurlz
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5 Star Rating
Opened up a checking account today on McLean Ave in Yonkers NY. I had the pleasure of working with Sabina Loncarevic. She was behind the counter and saw no one was out on the floor and helped me right away! She was extremely knowledgeable and truly a dedicated professional with the most pleasing personality. She is very caring and considerate. She made the process seamless and answered all my questions. She was very polite and patient. I highly recommend this associate if you visit this branch. I will be back knowing my money is in good hands!
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Product: Ridgewood Savings Bank Checking
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Ridgewood Savings Bank
Hector Llambelis @Mrhec1016
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5 Star Rating
Branch McLean ave representative Sabina loncarevic she was very professional and very pleasant. She answered all my questions. She was paitaince and very helpful. I was glad that I chose Ridgewood as my bank.
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Product: Ridgewood Savings Bank Savings
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Ridgewood Savings Bank
angelo_42 @angelo_42
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5 Star Rating
First class, team, kind, professional and patient from the manager Sabrina, to Assistant Manager Nancy and the the entire team Benjamin and Csilla are professionals. My experience at Ridgewood Savings Bank Branch 34 in Yorkville was all about customer service.
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Product: Ridgewood Savings Bank Checking
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Ridgewood Savings Bank
michaelastoller @michaelastoller
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5 Star Rating
The branch on Sedgwick Ave, Bronx is my neighborhood branch. I met Shantie, the new branch manager, yesterday. Like all the staff at this branch, she is approachable, knowledgeable, and caring. This is a branch like you would expect to find in Mayberry of old or as in Cheers, where everyday knows your name.
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Product: Ridgewood Savings Bank Checking
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Ridgewood Savings Bank
carilynj @carilynj
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5 Star Rating
My accounts were hacked resulting in a negative balance. I went to the Hollis branch. Ms. Hasina Begum greeted me. She took the necessary measures to launch an investigation ultimately getting all my money restored within 24 hours. She submitted all necessary paper work; openned new bank accounts; alerted any businesses with auto debit. She spent almost 2 hours intervening on my behalf. The whole time remaining professional, cordial, with a wonderful caring attitude. Confident in her ability, I remained calm. Hasina called me the next morning to inform me my money was retrieved!
Get answers to your questions about Ridgewood Savings Bank below. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.
The Ridgewood Savings Bank CD offers an APY of 2.50% - 3.75%. The interest you'll earn on your deposit depends on the term you choose. With term lengths ranging from 3 months to 5 years, you can select the CD that aligns perfectly with your financial goals. Here's a breakdown of the terms available:
3-Month: 2.50% APY
6-Month: 3.40% APY
1-Year: 3.75% APY
2-Year: 3.50% APY
3-Year: 3.35% APY
5-Year: 3.35% APY
Consider that each CD requires a minimum opening deposit of $100, you can apply online and the rates are fixed until maturity. However, early withdrawal penalties apply on the CDs. It's important to note that these rates may change without prior notice. For the most up-to-date information, please refer to the Ridgewood Savings Bank website. You can check the best CDs available for you to make sure that whatever decision you go for really fits your goals.
Currently, the Statement Savings and Passbook Savings accounts have a 0.20% APY for all balances. The Smart Move Online Savings account has a 1.03% APY for balances below $250,000. Please find more details here: https://www.ridgewoodbank.com/home/personal/savings.
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