SuperMoney
  Hudson Valley Credit Union Flex Rate Certificate Account

Hudson Valley Credit Union Flex Rate Certificate Account

in CD Accounts from Hudson Valley Credit Union · ncua

Unaffiliated

Hudson Valley Credit Union Flex Rate Certificate Account

Unaffiliated

in CD Accounts from Hudson Valley Credit Union · Insured by NCUA

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
Cast your vote

Would you recommend Hudson Valley Credit Union Flex Rate Certificate Account to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating

Rating not yet determined  

Minimum Opening Deposit Starting at $750
Certificate Term 12 months
APY (Annual Percentage Yield) 1.84%

Hudson Valley Credit Union Flex Rate Certificate Account Review

Hudson Valley Credit Union Flex Rate Certificate Account is offered by Hudson Valley Credit Union, a credit union founded in 1963 and based in Poughkeepsie, NY. Hudson Valley Credit Union Flex Rate Certificate Account is available in 1 state across the USA.

Key Takeaways
  • Small selection of CD account types. HVFCU Flex CD only offers traditional and IRA CDs.
  • Very high APY. This account offers an annual percentage yield of up to 1.84%, which is much higher than the national average for a certificate account.
  • $750 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Limited selection of CD terms. HVFCU Flex CD only offers one CD terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Hudson Valley Credit Union Flex Rate Certificate Account
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
Hudson Valley Credit Union Flex Rate Certificate Account FAQ

Are cd accounts from Hudson Valley Credit Union federally insured?

Yes, your Hudson Valley Credit Union cd accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does Hudson Valley Credit Union offer?

HVFCU Flex CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but HVFCU Flex CD offers a CD that is specifically for retirement.

What CD rates does Hudson Valley Credit Union offer on its CDs?

The CD rates for this account have an APY of1.84% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What terms does HVFCU Flex CD offer?

Hudson Valley Credit Union offers CD terms of the following lengths:
Hudson Valley Credit Union Flex Rate Certificate Account Rates & Terms
Description
12-Month APY 1.84%
APY (Annual Percentage Yield) 1.84%

What is the minimum deposit to open a CD account with Hudson Valley Credit Union?

HVFCU Flex CD requires a minimum deposit of $750 to open an account.

What is the grace period for HVFCU Flex CD?

There is a 10-day grace period for HVFCU Flex CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does HVFCU Flex CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Hudson Valley Credit Union does not charge an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
New York
Availabile in all of New York

Feature Breakdown

Minimum Opening Deposit Starting at $750
12-Month APY 1.84%
APY (Annual Percentage Yield) 1.84%
CD Accounts
  • Traditional
  • IRA
Grace Period for Account Changes 10 days
Certificate Term 12 months

Hudson Valley Credit Union Flex Rate Certificate Account Community Reviews

 

Would you recommend Hudson Valley Credit Union Flex Rate Certificate Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other CD Accounts

Hudson Valley Credit Union CD Accounts

Loading...