Best 2 year CD rates found at Hudson City Savings Bank
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If you are in the market for a 24 month CD, the highest yielding rates can currently be found at Hudson City Savings Bank. Thanks to BankVibe reader Sean for tipping us off!
Hudson City Savings Bank primarily serves customers of the north-east (namely Connecticut, New York and New Jersey) however because of their on-line bank deposit options, they also accept deposits nationwide via ACH wire transfer. You will need to contact a representative directly to see if you qualify.
Hudson City: 2 year CD yielding 2.50 APY with a minimum deposit amount of $500. Your interest on this account will be calculated daily and applied monthly. You may opt to have your interest credited to your certificate of deposit, mailed to you by check, or transferred into another Hudson City bank account. The national average for 24 month CD rates currently sits at roughly 1.95% APY.
Hudson City Savings Bank claims to be the most efficient operating bank in America by conducting almost all of itś business online. They also claim to pass their savings costs onto the consumer in the form of higher interest rates on their deposits. As a side note, Forbes named Hudson City the ¨best managed bank” in 2007 (granted a lot has changed since then within the industry).
They also offer a money market account which is providing a 1.75% APY for balances above $2,500. There is a $2 monthly service fee that will be applied to this account if your balance falls below the $2,500 level.
