Comments on: Hudson City Rockets Up CD Rate Rankings

By: Dave

Dave — Fri, 30 Oct 2009 20:03:05 +0000

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.

By: Sandy

Sandy — Wed, 07 Oct 2009 15:19:56 +0000

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

By: MARK

MARK — Sun, 04 Oct 2009 04:19:03 +0000

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.