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Greater Hudson Bank Review

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Greater Hudson Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 2002, Greater Hudson Bank has assets totaling $483 million and $382 million in deposits, making the institution a medium-size bank. Greater Hudson Bank, whose headquarters are in Bardonia, New York, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.1 stars out of 5, Greater Hudson Bank should be solidly in contention for your choice of bank. Greater Hudson Bank offers a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account carries a $3.00 monthly fee, which is not too high compared to the national average. Institutions that offer free checking, in addition to a high interest rate savings account are your best bet for getting the most income on your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

Greater Hudson Bank features a savings rate of 0.05%, which is fair compared to the national average. Its CD rates are 1.10% and 1.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.70%. Given its below average savings rate, you should consider taking a look at other banks for savings accounts.

How Greater Hudson Bank's Savings Rates Compare

Greater Hudson Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

4.4
SmartAsset Average: 4.4

Greater Hudson Bank generally has low fees as compared against the national average. At $3.00 per month, Greater Hudson Bank is less than ideal for those who want a simple checking account. For those who will need cash in a pinch, Greater Hudson Bank is perfect because it charges no out-of-network ATM fees. Greater Hudson Bank doesn't reimburse out-of-network ATM fees, which means you will have to find a Greater Hudson Bank ATM or eat the cost of withdrawal.

Monthly Fee $3.00 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

4.0
SmartAsset Average: 3.7

Greater Hudson Bank is a brick-and-mortar bank, with seven total bank locations in New York. It also offers access to mobile and web apps for straightforward access and banking on the go. Greater Hudson Bank receives reasonably high marks from users for its mobile platform. The Greater Hudson Bank mobile app scored a 4.0 out of 5 (with 3 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Greater Hudson Bank's app to manage your accounts by looking at current statements, transferring funds and reaching customer service. Greater Hudson Bank receives an outstanding consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.4
SmartAsset Average: 4.8

Greater Hudson Bank is a medium-size bank with $483 million in assets as well as deposits totaling $382 million. Greater Hudson Bank's Texas Ratio is 13.44%, indicating that Greater Hudson Bank is in fine financial well-being and far from failure. Additionally, Greater 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

13.44%
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 Greater Hudson Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Certificates of Deposit
  • 12 Month: 1.10% APY
  • 24 Month: 2.25% APY
  • 36 Month: 3.00% APY
  • 48 Month: 1.30% APY
  • 60 Month: 1.40% APY
$10000 for all terms
Money Market Accounts 0.7% APY 0.7% APY $10000 $15000

Greater 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. Greater Hudson Bank does not have the best savings rate, which means you should consider taking a look 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. Greater Hudson Bank's CD rates are fair as compared against the national average.

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Find a Greater Hudson Bank Near Me

Greater Hudson Bank has seven physical branches across the U.S.

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