| Bank or Credit Union | Apy | Min | Max | Product | |
| Hudson Valley Credit Union | 1.55% | $500 | - | 60 - 84 Month CD | |
| Hudson Valley Credit Union | 1.10% | $500 | - | 36 - 47 Month CD | |
| Hudson Valley Credit Union | 0.75% | $500 | - | 24 - 35 Month CD | |
| Hudson Valley Credit Union | 0.55% | $500 | - | 12 - 17 Month CD | |
| Hudson Valley Credit Union | 0.35% | $500 | - | 6 - 11 Month CD |
Competitive CD Rates at Hudson Valley CU in New York - Local Only
Hudson Valley CU is offering several competitive CD and IRA CD Rates. The rates are not great, but they are respectable in today's low-rate environment. The credit union also provides a nice bump in rates (extra 0.15%) for IRA CDs. Below are some of the best deals as listed in the credit union's rates page as of 7/12/2010:
- 3.00% APY 60-month CD (3.15% IRA)
- 2.40% APY 36-month CD (2.55% IRA)
- 2.00% APY 24-month CD (2.15% IRA)
- 1.50% APY 12-month CD (1.65% IRA)
- 1.20% APY 6-month CD (1.35% IRA)
Minimum deposit is $500. Higher CD rates are available for Jumbo CDs: extra 0.10% for $50K and an extra 0.20% for $100K. According to the Truth in Savings disclosure (pdf), the early withdrawal penalties are a smaller than average: 30 days interest for 11 month terms and under, 60 days interest for 12 months to under 24 months, 90 days interest for 24 months to under 36 months, 120 days of interest for 36 months and above.
Membership is open to anyone who lives, works, worships, volunteers or attends school in Dutchess, Ulster, Orange or Putnam County New York. Please refer to their Membership page for more details. Membership requires a minimum deposit of $5 into your savings account.
Branches are located in several cities in New York State.
The credit union's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Hudson Valley Credit Union financial overview). These ratings are based on March 2010 data except for Bankrate which is based on 12/31/09 data. The credit union is federally insured by the NCUA (Charter # 15802). It's a large credit union with $2.8 billion in assets.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.
Edits: Added info on Jumbo CD rates and added Putnam County to FOM.
Banks Mentioned in this Post:
| Hudson Valley Credit Union Locations: 21 Health Rating:  |   |
| Recent Posts: Special 13-Month CD Rate at Hudson Val... | Competitive CD Rates Continue at Hudso... | |
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3-year Term IRA CD
1.21% APY
Anonymous - #1, Monday, July 12, 2010 - 8:20 AM
A minor correction; this credit union's membership also includes those who live, work, worship, volunteer or attend school in Putnam County, NY.
Anonymous - #3, Monday, July 12, 2010 - 10:23 AM
where is post 2
Anonymous - #4, Monday, July 12, 2010 - 10:58 AM
Jumbo Certificate Accounts are available for amounts of $50,000 or more. Jumbo Certificate Accounts with a minimum balance of $50,000 or more earn the stated APYs below plus .10%. Jumbo Certificate Accounts with a minimum balance of $100,000 or more earn the stated APYs plus .20%.
From their website
KenBDG - #5, Monday, July 12, 2010 - 6:49 PM
@anonymous #1 and #4, thanks for your comments. I've made the updates to the post.
@anonymous #3, comment #2 may have been spam which is regularly removed. When comments are removed, newer comments are not renumbered. This ensures references to past comments (like in this comment) remain valid.
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