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Hudson City Internet MM Savings Yield Falls To 1.10%

Friday, January 21, 2011 - 7:35 AMHudson City Savings Bank - Details
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.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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