Hudson City Bank Internet Money Market Savings

Hudson City Savings Bank of Paramus, New Jersey, is offering their “Internet Money Market Savings account” which currently has an annual percentage yield (APY) of 2.40%. The minimum opening deposit is $2,500.

To receive the 2.40% yield the minimum balance must also be $2,500. Balances under $2,500 receive an annual percentage yield (APY)of 1.40%. If the balance falls below $100 there is a $2.00 monthly account fee. As with all savings accounts there are federal regulations that limit withdrawals to six per month.