This is a sponsored post.

Most investors want to grow their savings at a rate that is faster than the average bank account. The problem is that there is this inherent fear that the investor doesn’t want to lock up their money for a long period. Ridgewood Savings Bank has financial products that would fit this need in the form of Certificate of Deposits, also known as CDs.

Ridgewood Savings Bank currently offers two special CDs — a penalty-free 15-month CD and a 30-month variable rate CD. Both accounts can be opened with a minimum of $500. In the New York area, these CDs at Ridgewood Savings Bank are outstanding. They provide a combination of high earnings — with one of the best 15-month and 30-month rates in the area — and more flexibility than the average CD.

The CDs from Ridgewood Savings Bank help offer protection from volatile stock market declines. Investors receive guaranteed earnings during the entire term. The steady growth from the CDs can help provide long-term savings. More importantly, it is a great way to keep your money growing and your options open. To ensure that deposits are protected, the Federal Deposit Insurance Corporation, or FDIC, insures up to $250,000 per individual (subject to FDIC regulations). This provides the investor with peace of mind.

About Ridgewood Savings Bank

Founded in 1921, Ridgewood Savings Bank is the largest mutual savings bank in New York State, with approximately $5.5 billion dollars in assets. With 35 branches in the New York area, Ridgewood Savings Bank continues to serve its communities as it did since 1921, with a continued focus always on its customers.

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