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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

Greater Hudson Bank was founded in 2002 and has its headquarters in Bardonia, New York. Greater Hudson Bank owns assets of $483 million and deposits totaling $382 million, classifying it as a medium-size bank. Greater Hudson Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We gave Greater Hudson Bank a 4.1 stars out of 5, which means it is a good bank that you should consider. Greater Hudson Bank offers the complete package of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Greater Hudson Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product has a $3.00 monthly fee, which is not too high as compared against the national average. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is your best option for accruing the most income on your deposits while having easy access to your funds.

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 poor in comparison to the average U.S. bank. Greater Hudson Bank's one-year CD has a rate of 1.10% and the five-year CD has a rate of 1.40%, while its highest-yielding money market account has an APY of 0.70%. Given Greater Hudson Bank's below average savings rate, you should think about other options to earn more on your deposits.

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 charges customers low fees compared to other U.S. banks. Its checking account has a monthly fee of $3.00, ranking it slightly worse for anyone looking for a simple account. For those who routinely visit the ATM, Greater Hudson Bank is perfect because it charges no out-of-network ATM fees. Greater Hudson Bank unfortunately does not reimburse out-of-network ATM fees, meaning you will be required to find a Greater Hudson Bank ATM or accept 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 branches in New York. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Greater Hudson Bank receives moderately satisfactory feedback from users for its mobile banking services. The Greater Hudson Bank mobile app has been given a 4.0 out of 5 (with 3 customer reviews on iOS and Android) compared to the national average of 3.8. Greater Hudson Bank's mobile app lets you manage your accounts by reviewing monthly statements, sending and receiving money as well as reaching customer service. Greater Hudson Bank receives an exceptional consumer satisfaction rating due to comparatively few 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 assets totaling $483 million as well as $382 million in deposits. It has a strong Texas Ratio of 13.44%, suggesting that the bank is in fine financial condition 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 Account 0.7% APY $1

Greater Hudson Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Greater 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. Greater Hudson Bank's CD rates are fair compared to the average U.S. bank.

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Find a Greater Hudson Bank Near Me

Greater Hudson Bank has seven physical locations in the U.S.

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