Hudson City Savings Bank offers a 5 month CD with interest rate of 3.68% and an APY of 3.75%.  There is a minimum deposit of $500.00 must be maintained to receive posted rate of interest. Hudson City Savings Bank has over $51 billion in assets and over 125 branches in New Jersey, New York and Connecticut.  The bank recently announced its third quarter financial results.  In the Third Quarter, 2008 Earnings Release, Hudson City Bancorp, Inc., the holding company for Hudson City Savings Bank, announced record earnings of $121.9 million for the quarter, an increase of the quarterly cash dividend for the fourth consecutive quarter to $0.13 per share.  The company stated in the press release that they are on pace to have their tenth straight record year of earnings against a backdrop of turmoil in the financial markets.

Hudson City Savings Bank offers a full selection of bank products and services including; checking, savings, certificates of deposit and retirement accounts.  The bank also manages a considerable lending department that offers home equity loans and first mortgage loans including; fixed and adjustable rate mortgages, as well as programs designed to assist individuals of low to moderate income.  The bank also has a full suite of Internet banking services on their site.  Customers can check balances, transfer funds between eligible accounts, and obtain account histories.

In addition to the 5 month CD rate, the bank has a varied assortment of other term CD accounts on their website.  A selection of some of these rates includes the following;

4 month CD with a rate of 3.25%.
6 month CD with a rate of 3.00%.
One year CD with a rate of 3.50%.

The minimum balance to open these CDs is $500.00.  Bank rates subject to change, for current rate information or product details call a local bank representative at 201-967-1900.  The bank web address is www.hcsbonline.com.

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