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Overview / Commentary
West 80 Century Road
Paramus, NJ 07652

Hudson City Savings Bank is a New Jersey-based bank that strives to attract deposits and make sound mortgages. It focuses on personal depository banking and lending, and thus does not offer business or investment products.

Hudson City Savings’ deposit accounts include savings, checking, money market, Certificate of Deposit (CD), and IRA CD accounts. One savings account option features a free ATM card and requires a low initial deposit. A free checking account is available and includes a MasterCard debit card, direct deposit, and unlimited check writing. There is also a checking account option that earns higher interest, but requires a large minimum account balance to be maintained. Money market savings accounts are similar to savings account and come with limited withdrawals and transfers. Certificates of Deposit (CDs) and IRA CDs are offered with term lengths ranging from 3 months to 5 years. On the lending side, the bank makes mortgages and consumer lines of credit available to consumers.

Hudson City Savings Bank online banking has improved security features and provides a platform for customers to access and manage their deposit accounts. Account management activities like transaction history viewing, fund transfers, and bill paying can be accomplished with ease.

Hudson City Savings Bank was originally established in 1868 with the name it uses to this day. The bank changed its organization type with the FDIC to a stock savings bank in 1999. It is headquartered in Paramus, New Jersey, and serves its customers through numerous branches located through the region.

Related Posts

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

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.

Ode To A Lost Hero

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.



Loan Modification Is Impossiblle


Hudson City Bank denies any loan modification even if you qualify for the HAMP, the settlement with the government or traditional modifications. They'd rather prefer to lose money on foreclosure or short sale. This is not helping their shareholders and not helping the consumers. Something is definitely wrong with the management of this bank.


Worst Bank, I've Ever Seen

I am a customer of this bank for more than 15 years and the only reason I haven't closed this account yet because it's as hard to get it closed as anything else gets done with this bank.



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Hudson City Savings Bank had $967.99 million in non-current loans and owned real-estate with $4.69 billion in equity and loan loss allowances on hand to cover it. This gives Hudson City Savings Bank a Texas Ratio of 20.63% which is above 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 experienced no significant changes from 21.44% as of March 31, 2013 to 20.63% as of March 31, 2014, resulting in a positive change of 3.78%.This indicates that the balance sheet and financial strength for Hudson City Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Hudson City Savings Bank has decreased its total deposits by -$2.1 billion, resulting in -9.01% 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 below average.



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 $38.23 billion in assets with $4.69 billion in equity, resulting in a capitalization level of 12.27%, which is excellent.

Institution Statistics

FDIC Certificate #13074
Year Established1868
Primary RegulatorOCC
Assets and Liabilities
Assets$38.23 billion
Loans$23.59 billion
Deposits$21.20 billion
Equity Capital$4.43 billion
Loan Loss Allowance$265.73 million
Unbacked Noncurrent Loans$889.40 million
Real Estate Owned$78.59 million
Historic Data - March 2013
Assets$40.29 billion
Equity Capital$4.36 billion
Loan Loss Allowance$301.09 million
Unbacked Noncurrent Loans$889.40 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.39%
Return on Assets0.43%
Return on Equity3.71%
Interest Income$312.54 million

Always verify rates and promotions with the bank or credit union. We are not Hudson City Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Hudson City Savings Bank Savings Account Rates

0.15%--Holiday Club
0.15%--Vacation Club

Hudson City Savings Bank Money Market Rates

0.20%$2,500-Money Market Savings
0.20%$25k-Money Market Checking
0.20%$2,500-Internet Money Market Savings

Hudson City Savings Bank Checking Account Rates

0.25%$10k-High Value Checking
0.20%$5k-Better Interest Banking
0.15%$1k-Super NOW Account

Hudson City Savings Bank CD Rates

1.45%$500-5 Year CD
1.25%$500-4 Year CD
1.20%$500-3 Year CD
1.20%$5k-3 Year Internet CD
1.15%$500-2 Year CD
1.15%$500-30 Month CD
1.15%$5k-2 Year Internet CD
1.00%$500-18 Month CD
0.60%$500-13 Month CD
0.50%$500-1 Year CD
0.35%$500-7 Month CD
0.35%$500-9 Month CD
0.30%$500-5 Month CD
0.30%$500-6 Month CD
0.25%$500-4 Month CD
0.20%$500-91 Day CD

Hudson City Savings Bank IRA Rates

1.45%$500-5 Year IRA
1.25%$500-4 Year IRA
1.20%$500-3 Year IRA
1.20%$5k-3 Year Internet IRA
1.15%$500-2 Year IRA
1.15%$5k-2 Year Internet IRA
1.15%$500-30 Month IRA
1.00%$500-18 Month IRA
0.60%$500-13 Month IRA
0.50%$500-1 Year IRA
0.35%$500-7 Month IRA
0.35%$500-9 Month IRA
0.30%$500-5 Month IRA
0.30%$500-6 Months IRA
0.25%$500-4 Month IRA
0.20%$500-91 Day IRA

Hudson City Savings Bank has 135 locations. Click to view all Hudson City Savings Bank locations.