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Hudson City Bank Internet Money Market Savings

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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.

Author: Robert Till
February 21st, 2009