5.60% 7-Month CD at a North East Bank (Hudson City Savings)

Hudson City Savings Bank is offering a 5.60% APY 7-month ceritificate of deposit. The minimum deposit is $500.

On the CD page, it states that bank by mail deposits are welcome but only on long term CDs. A 7-month CD is probably not considered a long term CD.

Branches are located in New Jersey, New York and Connecticut.

5.60% 7-month CD may not be a great rate but it is one of the highest rates available on 6-to-7 month CDs. VirtualBank and Superior Savings are both offering 5.60% APY on 6-month terms. IndyMac had been offering a 5.60% 7-month CD, but it has just gone down to 5.45%.

Thanks to the commenter who mentioned this CD in the finding deals post.