Hudson City Savings Bank is offering a 2.5% APY 2 year CD, a 1.85% APY 1 year CD, and a 2% APY 18 month certificate of deposit, all with a minimum deposit of $5,000. To visit their site click here.
They also have Money Market Savings Account rates set at 1.75% APY on balances over $2,500. There’s a $2 monthly service fee if your account falls below $100. CDs and savings accounts can be opened online from any state, and can be funded by ACH transfer. This is a perfect retirement savings account or college savings plans.
The previous rates listed were for the online CDs, their in-branch CDs offer additional rates of 3% APY for 3 years, 3.25% APY for 4 years, and 3.5% APY for 5 years. Branches are located in Connecticut, New Jersey, and New York. If you’re opening an account for college you might want to use our college savings calculator to find out how much you’ll end up saving.
Hudson City Savings Bank has a 4 out of 5 star soundness rating from bankrate, making it one of the stronger banks around, and is FDIC insured. Check out our jumbo CD rates.
Please advise on your money market rates as of today’s date.