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Hudson City Savings Bank Rates and Review
 

Hudson City Savings Bank Rates and Review

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Hudson City Savings Bank based in Paramus, New Jersey, is advertising several different savings account rates and money market account rates. As with all bank savings account rates Hudson City Savings Bank's rates have come down over the past several years.

Hudson City Savings Bank's current savings rates are not the highest savings account rates around but at least they beat the FDIC national average rate. The bank's current Passbook savings rates and Statement savings rates are at 0.25 percent with an APY of 0.25 percent.

The FDIC's current national average savings account rate is only at 0.08 percent. The FDIC's national average jumbo savings rate is also at 0.08 percent this week. The best savings rates at banks right now are above 1.00 percent. Hudson City's Club savings rates and vacation savings rates are also currently at 0.25 percent with an APY of 0.25 percent.

The bank's money market account rates are tiered and of course the higher the deposit amount the higher the money market rate. Money market account balances of $10 to $2,499 earn a money market rate of 0.15 percent with an APY of 0.15 percent. Money market account balances of $2,500 and up earn a rate of 0.40 percent with an APY of 0.40 percent. The FDIC national average money market account rate for account balances of less than $100,000 is 0.12 percent this week.

For a current list of Hudson City Savings Bank savings rates and money market rates please visit the bank's website here: Hudson City Savings Bank. To find the best savings account rates from many different banks use our savings rates list.

Author: Stacy Everest
September 17th, 2012