Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Catskill Hudson Bank Review

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

Overview

Founded in 1993, Catskill Hudson Bank has assets totaling $442 million and deposits totaling $408 million, making the institution 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, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset experts rated the bank 4.2 stars out of 5, which means Catskill Hudson Bank is a great bank that you should seriously consider. Catskill Hudson Bank offers a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Catskill Hudson Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Catskill Hudson Bank offers an option without a maintenance or monthly fee. Banks that offer free checking as well as a high savings APY are your best bet for accruing the highest income from your deposits while maintaining convenient access to your funds.

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

With a savings rate of 0.15%, Catskill Hudson Bank ranks poorly in comparison to other U.S. banks. Catskill Hudson Bank's one-year CD has a rate of 0.50% and the five-year CD has 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 consider taking a look at other banks for savings accounts.

How Catskill Hudson Bank's Savings Rates Compare

Catskill Hudson Bank Savings 0.15 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

Catskill Hudson Bank has typically extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. For those who routinely visit the ATM, it is perfect because it charges no out-of-network ATM fees. Catskill Hudson Bank does not refund out-of-network ATM charges, meaning you will have 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
Back to Overview

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. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It provides all-day access to representatives. Catskill Hudson Bank's online and mobile banking services receive moderate marks from users. Out of 6 ratings on Apple and Android platforms, the Catskill Hudson Bank mobile app has an overall rating of 3.5 out of 5 (compared to the national average of 3.8). Catskill Hudson Bank's mobile app lets you manage your accounts by monitoring current statements, transferring money and reaching support representatives. Catskill Hudson Bank gets a superb consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

Catskill Hudson Bank ranks as a medium-size bank and has $442 million in assets as well as deposits totaling $408 million. It has an excellent Texas Ratio of 3.22%, denoting that Catskill Hudson Bank is in superb financial condition and unlikely 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.

Back to Overview

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 Account 0.2% APY $1

Catskill Hudson Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Catskill Hudson Bank does not have the best savings rate, which means you should think about looking elsewhere 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.

Back to Overview

Find a Catskill Hudson Bank Near Me

Catskill Hudson Bank has 12 locations in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure