Best Bank CD Rates: Hudson City Savings Bank

Hudson City Savings Bank of Paramus, New Jersey is offering two of the best bank CD rates available these days. The bank is offering a three year certificate of deposit with an annual percentage yield of 3.00 percent and a two year certificate of deposit with an annual percentage yield (APY) of 2.50 percent.

Both the two year CD rate and the three year CD rate are well above the national average rate. Currently the national average two year CD rate is 1.60 percent and the three year average CD rate is 1.91 percent.

The minimum opening deposit for both certificate of deposit accounts is $5,000. Interest earned on the certificate of deposit is compounded daily and credited on the last business day of the month and on the Certificate of Deposit maturity date.

Hudson City Savings Bank certificate of deposit accounts can be opened online. The bank also has branches in New Jersey, New York and Connecticut. The bank has been insured by the Federal Deposit Insurance Corporation since 1934. The FDIC Cert number is 13074.

Hudson City Savings Bank