Hudson City money market account
Category: Bank Deals, Checking Accounts, Local Bank Deals, Money Market Rates- fhuff- 8:00 am/ March 18, 2011Hudson City has a money market that earns 1.25 percent annual percentage yield (APY). The money market rate applies to balances of $2,500 and up. Balances that fall below that amount earn 1 percent APY. The money market rates are current as of March 18, 2011. Other details of the money market deal include:
- Interest rates are subject to change without notice
- Interest is compounded daily and monthly
- Statement format
- Limited withdrawals and transfers
- Insured by Federal Deposit Insurance Corp. (FDIC)
- Telephone banking
Hudson City also offers a money market checking account that earns interest. Balances of $25,000 and up earn a higher interest rate, which is currently 0.85 percent APY. Accounts with balances below $25,000 earn 0.6 percent APY. Money market accounts with balances of less than $10,000 are charged a $10 monthly fee. Accounts also have limited check writing and third party payments, unlimited deposits and in-person withdrawals and free debit/ATM cards.
Bank accounts at Hudson City are available to individuals who live or work in New York, New Jersey, Connecticut, Pennsylvania and Delaware. Accounts can be opened online. Hudson City has been named by Forbes magazine to be among the best managed banks in America.
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.54 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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