Hudson City Bank is one of the most popular banks in North-eastern part of the US. It has been consistently recognized as the most thrifty bank in the region. It went public in 1999 and since then the assets of this bank has grown by leaps and bounds. Forbes magazine has named this bank as the “Best Managed Bank in 2007 and 2008.” Today, they offer many financial products that are geared to meet the growing needs of its customers. One of its popular products is the Certificate of deposits (CDs). They come with a lot of flexibility and features. The CD interest rates are very competitive and this is one of the reasons for its popularity.

The current Hudson City CD rates are 1.15% APY for a term of 3, 4 and 5 months respectively. For a term of 3 months, the interest is simple and for the other two, it is compounded daily. The Hudson City Savings Bank CD rates are 1.25% for a term of 6 months and it is also a simple interest. The rates are 1.35% for a term of 7 months and 9 months and the interest is compounded daily. The Hudson City certificate of deposit rates are 1.45% for a term of 12 months and 13 months and this is compounded daily. The rates for an 18-month term is 1.75% while it is 2.15% for a 24-month and 30-month period. The interest rates are 2.65% for a term of 36 months, 3.15% for a term of 48 months and 3.40% for a term of 60 months respectively. These good interest rates makes these CDs an attractive avenue of investment.