bank rates

Competitive CDs At Hudson City Savings

Hudson City Savings Bank is one of those banks we track regularly for our CD rates on our CD Rates Leaderboard.

Right now, we have our eye on this New Jersey-based bank’s 60-month CD rate.

It pays 1.65% APY, less than a fifth of a percentage point off of the term’s lead rate of 1.81% APY.

That’s certainly commendable for a bigger bank in these times, especially when you consider the average annual yield offered by large banks and thrifts for the 60-month term set a new record low (again) this week, at 0.96% APY.

There’s one catch, though. The required minimum deposit differs based on where you live.

Hudson City Savings Bank, which has 130 branches in New Jersey, New York and Connecticut, requires a $500 minimum deposit for anyone living in that tri-state area but a $5,000 minimum deposit for everyone else.

That’s right, savers everywhere can buy these certificates of deposit, and easily online.

Hudson City Savings Bank’s other standard term rates aren’t as awesome, but all are still far better than average:

3-month CD rate is 0.35% APY versus an average rate of 0.13% APY. (Leaderboard leader is 0.65% APY.)

6-month CD rate is 0.40% APY versus an average rate of 0.18% APY. (Leaderboard leader is 0.91% APY.)

12-month CD rate is 0.65% APY versus an average rate of 0.30% APY. (Leaderboard leader is 1.11% APY.)

24-month CD rate is 1.00% APY versus an average rate of 0.47% APY. (Leaderboard leader is 1.30% APY.)

36-month CD rate is 1.20% APY versus an average rate of 0.59% APY. (Leaderboard leader is 1.42% APY.)

You can learn more about Hudson City Savings Bank at or call 866-881-4272.

Compare Hudson City Savings Bank’s returns with the best CD rates from scores of other banks in our extensive database.

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Comments (1)
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One Existing Comment
  1. Jim said:
    on October 20th at 10:54 am

    Better hurry. M & T will be taking over soon and there is no way these rates will hold up…