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Catskill Hudson Bank Review

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Catskill Hudson Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1993, Catskill Hudson Bank has $442 million in assets as well as deposits totaling $408 million, which makes it a medium-size bank. Catskill Hudson Bank, whose headquarters are in Monticello, New York, has above-average access to customer service with all-day support available, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Catskill Hudson Bank is a great bank that you should seriously consider, with a rating of 4.2 out of 5 stars from the SmartAsset experts. Catskill Hudson Bank has a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Catskill Hudson Bank's ordinary checking account does not have a monthly fee. Banks that offer free checking and a high savings APY are the best bet for getting the most income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.1
SmartAsset Average: 3.5

Catskill Hudson Bank features a savings rate of 0.15%, which is poor in comparison to the national average. Its one-year CD has a rate of 0.50% and the five-year CD earns at a rate of 2.28%, while its highest-yielding money market account earns at a rate of 0.20%. Given Catskill Hudson Bank's noncompetitive savings rate, you should think about other options to earn more on your deposits.

How Catskill Hudson Bank's Savings Rates Compare

Catskill Hudson Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Catskill Hudson Bank typically has extremely low fees as compared against the national average. With no monthly fee, Catskill Hudson Bank's checking account is ideal for people who need a hassle-free checking account. For those who will need cash in a pinch, Catskill Hudson Bank is perfect because it has no out-of-network ATM fees. Catskill Hudson Bank does not reimburse out-of-network ATM charges, meaning you'll be required to search for a Catskill Hudson Bank ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.9
SmartAsset Average: 3.7

Catskill Hudson Bank is a brick-and-mortar bank, with 12 total bank locations in New York. With mobile and web apps, Catskill Hudson Bank makes mobile banking straightforward, even on the go. It offers all-day customer service. Catskill Hudson Bank's online and mobile banking platforms get moderate scores from users. The Catskill Hudson Bank mobile app is rated at 3.5 out of 5 (with 6 reviews on iOS and Android) compared to the national average of 3.8. You can use Catskill Hudson Bank's mobile app to control your bank accounts by checking monthly statements, transferring funds and reaching support representatives. Catskill Hudson Bank receives an outstanding consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Catskill Hudson Bank is a medium-size bank owning assets totaling $442 million and $408 million in deposits. Catskill Hudson Bank's Texas Ratio is 3.22%, denoting that Catskill Hudson Bank is in excellent financial well-being and improbable to fail. Additionally, Catskill Hudson Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.22%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Catskill Hudson Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $100
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.80% APY
  • 36 Month: 0.90% APY
  • 48 Month: 1.41% APY
  • 60 Month: 2.28% APY
$1000 for all terms
Money Market Accounts 0.2% APY 0.2% APY $10000 $15000

Catskill Hudson Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Catskill Hudson Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Catskill Hudson Bank's CD rates are fair compared to other U.S. banks.

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Find a Catskill Hudson Bank Near Me

Catskill Hudson Bank has 12 branches across the U.S.

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