Ridgestone Bank

The Momentum Savings Account at Ridgestone Bank has a 2.5% annual percentage yield (APY). The savings rate is for new accounts. Details of the offer include:

• $100 minimum deposit to open savings account
• Must also open a Momentum Checking Account
• No minimum to open checking account
• Must complete eight transactions in checking account during each statement cycle
• Set up automatic transfer of at least $100 from checking account to savings each month

The savings rate of 2.5% APY is for accounts with a balance of $2,500 to $49,999. The savings rate for balances of $50,000 and up is 1% APY. Balances below $2,500 have a 0.25% APY.

When you open the savings and checking accounts, you receive a combined monthly statement through the bank’s website. You get free online access and bill pay, as well as telephone access. You also get access to free ATM terminals nationwide with an ATM/debit card.

Ridgestone Bank also offers a cash bonus with the checking account. When you set up direct deposit into your checking account you get $50. You can also receive a free box of checks for a new account when you bring your old checks to the bank to be shredded.

Ridgestone Bank operates in the Chicago area and Southeastern Wisconsin.

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