Online Savings at Hudson City Savings with 3.5% Yield
The Hudson Savings Bank in offers online savings account that has a very competitive rate of 3.5%. The required opening deposit for the account is at least $2500. This account is offered nationwide.
The savings account must maintain the required balance or else it will incur a $10 monthly charge and the rate will drop to 1.5% APY.
Consumers may apply over the internet via andera.com that provides the same kind of service for other banks and financial institutions. The funding of the savings account can be made by ACH transfers from an existing savings or checking account.
Bankrate.com gives the bank a 3-star review while BauerFinancial issued 5-stars.
The Hudson City Savings Bank is a member of the FDIC with certificate # 13074.
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