Ridgewood Savings Bank Launched Teen Video Contest
The bank is offering cash and tech prizes for videos focused on financial literacy topics like budgeting and credit.
Updated on Oct. 7, 2026 in Saving
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Ridgewood Savings Bank has opened a nationwide financial education video contest for students aged 13 to 18. Participants must create a 30-second video addressing topics such as budgeting or credit scores to compete for cash prizes.
Why it matters
This initiative aims to improve financial responsibility among teenagers by incentivizing them to research and present key economic concepts. Winning entries will eventually reach a broader audience through a national education campaign.
Eligible participants range from 13 to 18 years old, and all submissions must be exactly 30 seconds long. Schools that provide the highest volume of entries are eligible to receive a $500 grant.
The players
Ridgewood Savings Bank
This financial institution provides banking services and is hosting the nationwide teen financial literacy competition.
The details
Students are tasked with producing 30-second videos that tackle complex financial themes such as credit scores, budgeting, or identifying scams. Submissions are processed through Ridgewood Savings Bank, which will then move select entries into the national competition phase.
Timeline
December 1, 2026 is the deadline for all contest entry submissions.
Market Dynamics
This competition mirrors the broader industry trend of financial institutions creating interactive youth outreach programs to foster early brand loyalty. By prioritizing digital literacy, the bank positions itself against competitors who rely on traditional, static financial advice models.
Teenagers and parents can utilize this contest as a structured way to engage with personal finance topics while potentially securing college savings funds. The event provides a pragmatic opportunity to gain financial knowledge while competing for high-value technology and cash rewards.
The takeaway
Engaging in financial literacy competitions can serve as an effective entry point for young people to master complex monetary concepts. Students should ensure their videos clearly explain one core topic, such as credit or scam prevention, to maximize their chances of winning.
Further reading
For more tips on how to build healthy money habits, explore our guide to Saving.
More information
To review the full requirements or submit a video, visit the contest entry forms and official rules.
Source note: This article includes information reported by QNS.
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Do you believe bank-sponsored contests are an effective way to teach teens financial responsibility?
