Consumer Deposit Rates

Checking, Savings, Money Market and Certificates of Deposit

Consumer Deposit Rates are effective as of May 1, 2015

 Relationship Checking Account 1,2,3,4  

Tier

Banking Relationship

Interest

Rate

APY*

 Tier 1

Banking Relationship of $100,000 or less 

 .05%

 .05%

 Tier 2

Savings, Money Market, and CD Relationship Bal. > $100,000

 .25%

.25% 

 Tier 3

Loan Relationship Balances > $100,000

 .50%

 .50%

 Tier 4

Deposit and Loan Relationship Balances > $150,000 

.75% 

 .75%

$100 Minimum to open a Relationship Checking account. No minimum balance to earn Tier 1 Interest Rate and APY. Interest Rate
and APY on Tier 2, 3, and 4 is earned on balances up to $75,000. Any amount over $75,000 will earn the Tier 1 Interest Rate and APY.

 Savings Accounts 1,2,3,4,6

Product Description Interest Rate APY*
Greater Savings Minimum average daily balance of $2,500 required to earn interest and APY 0.40% 0.40%
Statement Savings Minimum average daily balance of $25.00 to earn interest and APY 0.05% 0.05%
Youth Savings7 No minimum balance to earn interest and APY 0.80% 0.80%
 

 Money Market Accounts 1,2,3,6  

Product Description Interest Rate APY*
Greater Hudson Money Market Average Daily Balance from $0 - $99,999.99    
Average Daily Balance from $100,000 and up        
0.60%
0.05%
0.60%
0.05%
 

 Certificate of Deposit Accounts (Minimum balance of $5,000) 1,2,4,5

Term Interest Rate APY*
1 Month Based on 30 Days Cycle 0.05% 0.05%
3 Months 0.30% 0.30%
6 Months 0.35% 0.35%
9 Months 0.40% 0.40%
12 Months 0.50% 0.50%
18 Months 1.00% 1.00%
24 Months 1.04% 1.05%
36 Months 1.19% 1.20%
48 Months 1.39% 1.40%
60+ Months 1.49% 1.50%

Notations:

 *APY is Annual Percentage Yield.

1. Advertised rate is effective on the date indicated at the top. Rates are subject to change without notice and the rates on accounts other than a Certificate of Deposit may change after the account is opened.

2. Fees may reduce the earnings.

3. Variable rate account.

4. A Penalty may be imposed for early withdrawal of principal. 

5. Minimum opening deposit and minimum to earn interest is $5,000.00.    

6. Transaction limits apply. For Savings Accounts and Money Market Account, per Regulation D you may not make more than 6 withdrawals or transfers during any statement cycle, to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. There is a $10 per item fee when transaction limitations are exceeded.

7.Youth Savings account can be opened up to the age 18 and must be closed by age 21.