Hudson City Internet MM Savings Yield Falls To 1.10%

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.

Perhaps it's related to their disappointing Q4 earnings report.