Average User Rating:
1.5 star rating based on 3 reviews.

Hudson City Savings Bank

W. 80 Century Road
Paramus, NJ 07652
1-866-448-9498
www.hcsbonline.com

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Hudson City Savings Bank is headquartered in Paramus and is the largest bank in the state of New Jersey. It is also the 36^th largest bank in the nation. It was established in 1868 and as of September of 2011, it had grown to 1,580 employees at 135 locations. Hudson City Savings Bank's money market rates are 25% higher than the national average, and it has a 3-star health rating.

Hudson City Money Market To .55% (Forum) - 2/7/2012

Second drop in a month form .9 to .7 to .55% Bye bye Hudson City. People need to understand that banks lend their money out 12x at once. So 12 other people can borrow your $10K at the same time, then lever up to $150K which basically creates inf

Hudson City Savings Bank Cuts Internet Money Market Savings Rate To 1.15% (Forum) - 5/10/2011

The rate has fallen from 1.25% to 1.15% APY for minimum balance of $2,500. When Hudson City raised its Internet MMS account yield from 1.10% to 1.25% in February, I was worried that it wouldn't last. It turned out it lasted only about 3 months.

Hudson City Internet MM Savings Yield Falls To 1.10% (Forum) - 1/21/2011

The yield fell from 1.25% APY to 1.10% APY for balances of at least $2,500. I was a little suspicious when Hudson City increased its rate last October. For much of 2010, the yield had remained at 1.00%. It than went up to 1.35% APY in late October. Perh

Hudson City's Newly Competitive Internet Money Market Savings Account - Available Nationwide - 10/26/2010

As I reported on Sunday in a forum thread , Hudson City Savings Bank has made a substantial increase in its Internet Money Market Savings account rate. It's now 1.35% APY which puts the account near t ...

2010

10/24 - Internet Money Market Savings Yield Increased To 1.35% At Hudson City Savings Bank (Forum)
3/19 - Hudson City Savings Bank Cuts Savings Account and CD Rates (Forum)

2009

2008

2007

10/4 - 5.35% 3-Month / 5.30% 6-Month CD at a NY/NJ/CT Bank (Hudson City Savings).

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See Rates for: Checking | Savings | Money Market | CD | IRA

Hudson City Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.60%^†	$10k	-	High Value Checking
0.55%^†	$25k	-	Money Market Checking
0.35%^†	$5k	-	Better Interest Banking
0.30%^†	$1k	-	Super NOW Account

Hudson City Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.35%^†	-	-	Passbook
0.35%^†	-	-	Statement
0.35%^†	-	-	Holiday Club
0.35%^†	-	-	Vacation Club

Hudson City Savings Bank Money Market Rates

Apy	Min	Max	Product
0.55%^†	$2,500	-	Money Market Savings
0.55%^†	$2,500	-	Internet Money Market Savings

Hudson City Savings Bank CD Rates

Apy	Min	Max	Product
1.75%^†	$500	-	5 Year CD
1.50%^†	$500	-	4 Year CD
1.30%^†	$500	-	3 Year CD
1.30%^†	$5k	-	Internet 3 Yr CD
1.10%^†	$500	-	2 Year CD
1.10%^†	$500	-	30 Month CD
1.10%^†	$5k	-	Internet 2 YR CD
1.00%^†	$500	-	18 Month CD
0.80%^†	$500	-	13 Months CD
0.75%^†	$500	-	1 Year CD
0.55%^†	$500	-	7 Month CD
0.55%^†	$500	-	9 Month CD
0.50%^†	$500	-	3 Month CD
0.50%^†	$500	-	4 Month CD
0.50%^†	$500	-	5 Month CD
0.50%^†	$500	-	6 Months CD

Hudson City Savings Bank IRA Rates

Apy	Min	Max	Product
1.75%^†	$500	-	5 Year IRA
1.75%^†	$500	-	5 Year Roth IRA
1.75%^†	$500	-	5 Year SEP IRA
1.75%^†	$500	-	5 Year CESA
1.50%^†	$500	-	4 Year IRA
1.50%^†	$500	-	4 Year Roth IRA
1.50%^†	$500	-	4 Year SEP IRA
1.50%^†	$500	-	4 Year CESA
1.30%^†	$500	-	3 Year IRA
1.30%^†	$5k	-	Internet 3 Yr IRA
1.30%^†	$500	-	3 Year Roth IRA
1.30%^†	$5k	-	Internet 3 Yr Roth IRA
1.30%^†	$500	-	3 Year SEP IRA
1.30%^†	$500	-	3 Year CESA
1.30%^†	$5k	-	Internet 3 Yr SEP IRA
1.30%^†	$5k	-	Internet 3 Yr CESA
1.10%^†	$500	-	2 Year IRA
1.10%^†	$5k	-	Internet 2 YR IRA
1.10%^†	$500	-	30 Month IRA
1.10%^†	$500	-	2 Year Roth IRA
1.10%^†	$5k	-	Internet 2 YR Roth IRA
1.10%^†	$500	-	30 Month Roth IRA
1.10%^†	$500	-	2 Year SEP IRA
1.10%^†	$500	-	2 Year CESA
1.10%^†	$5k	-	Internet 2 YR SEP IRA
1.10%^†	$5k	-	Internet 2 YR CESA
1.10%^†	$500	-	30 Month SEP IRA
1.10%^†	$500	-	30 Month CESA
1.00%^†	$500	-	18 Month IRA
1.00%^†	$500	-	18 Month Roth IRA
1.00%^†	$500	-	18 Month SEP IRA
1.00%^†	$500	-	18 Month CESA
0.80%^†	$500	-	13 Month IRA
0.80%^†	$500	-	13 Month Roth IRA
0.80%^†	$500	-	13 Month SEP IRA
0.80%^†	$500	-	13 Month CESA
0.75%^†	$500	-	1 Year IRA
0.75%^†	$500	-	1 Year Roth IRA
0.75%^†	$500	-	1 Year SEP IRA
0.75%^†	$500	-	1 Year CESA
0.55%^†	$500	-	7 Month IRA
0.55%^†	$500	-	9 Month IRA
0.55%^†	$500	-	7 Month Roth IRA
0.55%^†	$500	-	9 Month Roth IRA
0.55%^†	$500	-	7 Month SEP IRA
0.55%^†	$500	-	7 Month CESA
0.55%^†	$500	-	9 Month SEP IRA
0.55%^†	$500	-	9 Month CESA
0.50%^†	$500	-	3 Month IRA
0.50%^†	$500	-	4 Month IRA
0.50%^†	$500	-	5 Month IRA
0.50%^†	$500	-	6 Months IRA
0.50%^†	$500	-	3 Month Roth IRA
0.50%^†	$500	-	4 Month Roth IRA
0.50%^†	$500	-	5 Month Roth IRA
0.50%^†	$500	-	6 Months Roth IRA
0.50%^†	$500	-	3 Month SEP IRA
0.50%^†	$500	-	3 Month CESA
0.50%^†	$500	-	4 Month SEP IRA
0.50%^†	$500	-	4 Month CESA
0.50%^†	$500	-	5 Month SEP IRA
0.50%^†	$500	-	5 Month CESA
0.50%^†	$500	-	6 Months SEP IRA
0.50%^†	$500	-	6 Months CESA

Rates updated: 2/9/2012

Data for Q3 2011

Institution Statistics

Hudson City Savings Bank
OTS #	17969
FDIC Certificate #	13074
BankRate Report	View
Year Established	1868
Employees	1580
Primary Regulator	OCC
Assets and Liabilities
Assets	$50.85 billion
Loans	$29.88 billion
Deposits	$25.52 billion
Equity Capital	$4.66 billion
Loan Loss Allowance	$268.75 million
Unbacked Noncurrent Loans	$864.04 million
Real Estate Owned	$40.98 million
Historic Data - September 2010
Assets	$60.62 billion
Equity Capital	$5.16 billion
Loan Loss Allowance	$210.85 million
Unbacked Noncurrent Loans	$779.53 million
Real Estate Owned	$40.28 million
Profit Margin - Quarterly
Net Interest Margin	1.96%
Return on Assets	-0.94%
Return on Equity	-10.93%
Interest Income	$1.69 billion

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Hudson City Savings Bank had $905.01 million in non-current loans and owned real-estate with $4.92 billion in equity and loan loss allowances on hand to cover it. This gives Hudson City Savings Bank a Texas Ratio of 18.38% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Hudson City Savings Bank held steady from 14.77% as of September 30, 2010 to 18.38% as of September 30, 2011, resulting in a negative change of 24.39%. This indicates that the balance sheet and financial strength for Hudson City Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Hudson City Savings Bank has increased its total deposits by $367.42 million, resulting in 1.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Hudson City Savings Bank has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Hudson City Savings Bank has $50.85 billion in assets with $4.92 billion in equity, resulting in a capitalization level of 9.68%, which is average.

Ode To A Lost Hero
3 stars

- theteach - Sunday, July 11, 2010 - 7:45 PM

And finally, here is my ode to a lost hero, Hudson City Savings. Back when brick and mortar banks reigned supreme, Hudson City always stood head and shoulders above the rest. Their interest yields were always impressive, especially within the High Yield Checking accounts. Their customer service was always stalwart. How I will miss those days, as it's so hard to complete with the online banks. Today, I will pay homage to the bank that generations enjoyed for such a long time. Hudson City was the stuff your grandparents loved.

Lou

High Yield Checking: It Is High Yield For The Bank, Not For You
1 stars

- njlion2000 - Friday, June 24, 2011 - 10:03 PM

Hudson City Banks High Yield is a joke. My balance went down less than 10k for a few days. They charged $20 service charge, and they give me a HIGH YIELD of $6.81 for the month.

Meaning, the HIGH YIELD is working reverse, FOR THEM.

I am getting my money OUT. Hudson City Bank is history for me.

EQUITY LOAN APPLICATION
1 stars

- ANTHONY1 - Friday, October 28, 2011 - 9:22 PM

3 WEEKS AGO I SUBMITTED INITIAL APPLIC. AND NECESSARY DOCUMENTATION.

HEARD NOTHING FOR TWO WEEKS.

EVENTUAALY, REC'D GOOD FAITH ESTIMATE, REQUEST FOR SIGNATURE ON TRUTH-IN-LENDING AND BORROWER CERTIFICATION FORMS. ALSO REC'D REQUEST FOR PROOF OF HOME INSURANCE AND ADDITION OF HUDSON SAVINGS BANK AS 2ND MORTAGEE.

IT WAS STATED THAT I WOULD BE NOTIFIED OF A CLOSING DAY WHEN DOCUMENT REQUEST WAS SATISFIED.

I NOTIFIED MY INSRANCE CO. OF REQUEST AND THEY AND I FAXED THE NECESSARY PAPERWORK, INCLUDING THE ADDITION OF HUDON AS 2ND MORTAGEE.

I CALLED THE HUDSON CONSUMER LOAN DEPT. TODAY TO CHECK ON RECEIPT OF FAXES.

AFTER 4 SEPARATE ATTEMPTS BY THE OPERATOR FOR SOMEONE TO ANSWER THE PHONE AT THE DEPT.

iSOMEONE SHEEPLISHLY ANSWERED THE PHONE WITH AN ALMOST INCOHERENT 'hello'.

I ATTEMPTED TO EXPLAIN THAT I WAS CHECKING ON THE RECEIPT OF THE APPLICABLE FAXES.

I WAS PUT ON A SILENT 'HOLD-ON' FOR 5 MINUTES AND THEN TOLD MY EQUITY LOAN APPLIC. WAS REJECTED. I ASSUMED THERE WAS A MISTAKE SINCE MY MO. PYMT ON THE LOAN WAS $ 87 PER MO.

I COULD NOT BELIEVE THAT I WAS TURNED DOWN FOR AN $87 MO. PYMT.

BUT MORE THAN THAT, BEING TOLD TO CHANGE MY INSURANCE POLICY, INDICATING A CLOSING DATE UPON RECEIPT OF PAPERWORK AND A TOTALLY UNPROFESSIONAL EXPERIENCE LEADS ME TO SAY THAT HUDSON SAVINGS BACK DOES NOT DESERVE ANY STARS.

i BUT TO POST THIS MESSAGE I NEEDED TO INDICATE AT LEAST ONE...BUT AS I SAID THEY DON'T EVEN DESERVE THAT.