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Hudson City Rockets Up CD Rate Rankings

Posted in CD Rates by DealMaven
October 3, 2009 09:00 AM - 3 Comments

Hudson City Savings Bank is now offering two of the best CD rates in the country.

The bank, which has dozens of branches in New Jersey, New York and Connecticut, is paying 2.50% APY on 24-month certificates of deposit and a 3.00% APY on 36-month CDs.

It's now offering the best rates on 24-month and 36-month CDs.

That beats the best deals in our most recent rankings of the top-paying, nationally-available 2-year CD rates and 3-year CD rates.

It even matches the 3.00% APY Flagstar Bank is offering most savers on 36-month CDs — just not those that live near its branches in Michigan, Georgia and Indiana. (They earn 2.75% APY.)

These rates are nationally available and you can apply online. The minimum deposit is $5,000 unless you live within the Hudson City Bank’s three-state service area. Then your minimum is only $500.

Click here to compare these deals with the best CD ratesfrom dozens of other banks in our extensive database.

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Comments (3)
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  1. MARK said:
    on October 3rd at 11:19 pm

    Why would anyone commit to 2.5% for two years?
    SFGI Direct is still offering 2.25% on a liquid savings, and Discover is Offering a “Penalty Free 12 Mo CD” at 2.0% w/$25 bonus under rate code D120126.
    Without question, interest rates are at or near historic lows.
    There is far more upside than downside possibility.
    A year from now they will surely be higher,…much higher.

  2. Sandy said:
    on October 7th at 10:19 am

    I agree I just opened the SFGI Direct today!!!! They indcated on the phone that they aim to stay withing the top 5 in the country so why not why lock it in when you don’t have to

  3. Dave said:
    on October 30th at 03:03 pm

    I’m having trouble calculating the APY that Hudson City bank advertises based on their advertised interest rates. For example the 2 year CD is advertised at an interest rate of 2.44% yielding an APY of 2.5%. Bank says they compound the interest 360 times a year. But when I run the numbers in excell I get 2.47% not 2.5%. It’s still the best deal I have found for a 2 year CD.

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