2 star ratingAverage User Rating:
2 star rating based on 4 reviews.

Dime Savings Bank

Dime Savings Bank Locations
209 Havemeyer Street
Brooklyn, NY 11211
800-321-3463
www.dime.com

FDIC


The Dime Savings Bank of Williamsburgh offers convenient, full-service,state of the art Banking with products and services to help individuals, families, businesses, students and seniors reach their financial goals.

Related Posts

Special IRA CD Rates at Dime Savings Bank in New York - 1/23/2013

Dime Savings Bank is again offering IRA CD specials. However, one thing has changed. They are now only accepting new IRA accounts from New York State residents. I was just told this by a Dime CSR. In ...

$50 Checking Account Bonus At Dime Savings Bank (Forum) - 7/12/2012

When I called about the CDs, I heard them mentioning this checking account bonus. I was told that you can get a $50 cash bonus when you open their Perfectly Free Checking Account. It also requires either 5 debit card purchases or 2 online bill payments. I

Top 7-Year CD Rate at Dime Savings Bank - Available Nationwide - 7/12/2012

Yesterday I reviewed one of the few banks that still offers a 2% CD that's available nationwide. A reader reminded me of another bank. It's Dime Savings Bank which is based in New York. The bank is of ...

IRA CD Specials at Dime Savings Bank in New York - Available Nationwide - 3/1/2012

Dime Savings Bank is again offering IRA CD specials. Like last year, there's a 15-month IRA CD. Of course, the rate is much lower, but it's competitive in today's environment. Unlike last year, there' ...

2011

2010

2009

2008




See Rates for: Checking | Savings | Money Market | CD | IRA

Dime Savings Bank Checking Account Rates

ApyMinMaxProduct
0.10%$25k-Prime Dime Checking

Dime Savings Bank Savings Account Rates

ApyMinMaxProduct
0.05%$250-Statement Savings
0.05%$250-Passbook Savings
0.05%--Club Account
0.05%--Student Savings
0.05%--Holiday Account

Dime Savings Bank Money Market Rates

ApyMinMaxProduct
0.55%$75k-Prime Rewards MMA Statement
0.55%$75k-Prime Rewards MMA Passbook
0.50%$250k-Professional Banking Prime Rewards MMA
0.25%$100k-Professional Banking Rewards MMA
0.20%$75k-Rewards MMA Statement
0.20%$75k-Rewards MMA Passbook

Dime Savings Bank CD Rates

ApyMinMaxProduct
1.70%$500-7 Year CD
1.35%$500-5 Year CD
1.15%$500-4 Year CD
0.95%$500-3 Year CD
0.80%$500-30 Month CD
0.75%$500-2 Year CD
0.50%$500-18 Month CD
0.45%$500-13 Month CD
0.45%$500-15 Month CD
0.45%$500-14 Month CD
0.40%$500-10 Month CD
0.40%$500-11 Month CD
0.40%$500-12 Month CD
0.35%$500-9 Month CD
0.30%$500-7 Month CD
0.30%$500-8 Month CD
0.25%$500-6 Month CD
0.15%$500-4 Month CD
0.15%$500-5 Month CD
0.10%$500-3 Month CD

Dime Savings Bank IRA Rates

ApyMinMaxProduct
2.00%$500-5 Year IRA Special
2.00%$500-5 Year CESA Special
2.00%$500-5 Year Roth IRA Special
1.70%$500-7 Year IRA
1.70%$500-7 Year Roth IRA
1.70%$500-7 Year CESA
1.35%$500-5 Year CESA
1.35%$500-5 Year Roth IRA
1.35%$500-5 Year IRA
1.15%$500-4 Year CESA
1.15%$500-4 Year Roth IRA
1.15%$500-4 Year IRA
0.95%$500-3 Year CESA
0.95%$500-3 Year Roth IRA
0.95%$500-3 Year IRA
0.80%$500-30 Month CESA
0.80%$500-30 Month Roth IRA
0.80%$500-30 Month IRA
0.75%$500-2 Year CESA
0.75%$500-2 Year Roth IRA
0.75%$500-2 Year IRA
0.50%$500-18 Month CESA
0.50%$500-18 Month Roth IRA
0.50%$500-18 Month IRA
0.45%$500-13 Month CESA
0.45%$500-15 Month CESA
0.45%$500-13 Month Roth IRA
0.45%$500-15 Month Roth IRA
0.45%$500-13 Month IRA
0.45%$500-15 Month IRA
0.45%$500-14 Month IRA
0.45%$500-14 Month Roth IRA
0.45%$500-14 Month CESA
0.40%$500-10 Month CESA
0.40%$500-11 Month CESA
0.40%$500-12 Month CESA
0.40%$500-10 Month Roth IRA
0.40%$500-11 Month Roth IRA
0.40%$500-12 Month Roth IRA
0.40%$500-10 Month IRA
0.40%$500-11 Month IRA
0.40%$500-12 Month IRA
0.35%$500-9 Month CESA
0.35%$500-9 Month Roth IRA
0.35%$500-9 Month IRA
0.30%$500-7 Month CESA
0.30%$500-8 Month CESA
0.30%$500-7 Month Roth IRA
0.30%$500-8 Month Roth IRA
0.30%$500-7 Month IRA
0.30%$500-8 Month IRA
0.25%$500-6 Month CESA
0.25%$500-6 Month Roth IRA
0.25%$500-6 Month IRA
0.15%$500-4 Month CESA
0.15%$500-5 Month CESA
0.15%$500-4 Month Roth IRA
0.15%$500-5 Month Roth IRA
0.15%$500-4 Month IRA
0.15%$500-5 Month IRA
0.10%$500-3 Month CESA
0.10%$500-3 Month Roth IRA
0.10%$500-3 Month IRA

Rates updated: 5/25/2013 * Not all products updated

Data for Q4 2012


Institution Statistics


The Dime Svgs. Bank of Williamsburgh
OTS #13383
FDIC Certificate #16012
BankRate ReportView
Year Established1864
Employees388
Primary RegulatorFDIC

Assets and Liabilities

Assets$3.89 billion
Loans$3.49 billion
Deposits$2.58 billion
Equity Capital$428.89 million
Loan Loss Allowance$20.55 million
Unbacked Noncurrent Loans$9.64 million

Historic Data - December 2011

Assets$4.01 billion
Equity Capital$405.40 million
Loan Loss Allowance$20.50 million
Unbacked Noncurrent Loans$33.12 million
Real Estate Owned$490,000

Profit Margin - Quarterly

Net Interest Margin3.1%
Return on Assets1.08%
Return on Equity10.12%
Interest Income$195.76 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Dime Savings Bank had $9.64 million in non-current loans and owned real-estate with $449.44 million in equity and loan loss allowances on hand to cover it. This gives Dime Savings Bank a Texas Ratio of 2.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Dime Savings Bank decreased significantly from 7.89% as of December 31, 2011 to 2.14% as of December 31, 2012, resulting in a positive change of 72.83%.This indicates that the balance sheet and financial strength for Dime Savings Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Dime Savings Bank has increased its total deposits by $153.48 million, resulting in 6.32% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Dime Savings Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Dime Savings Bank has $3.89 billion in assets with $449.44 million in equity, resulting in a capitalization level of 11.55%, which is above average.
Write Review

Read The Fine Print
2 stars - CyclingLemur - Monday, February 4, 2013 - 12:33 PM

I have several commercial loans through the Dime Savings Bank of Williamsburgh. They have never been the easiest to deal with and certainly never the politiest, but at least I felt I was getting an okay deal as compared to the rest of the maket. But it seems as though they have adopted the practice of adding additional "nasties" into their agreements that  were not there in previous agreements. Long story short, watch out for these guys because they are more than willing to nickel and dime you to death, or worse yet, make it very difficult (through financial penalties) to leave them for another financial institution in the future! Make sure your lawyer reads the final agreement VERY carefully! I recently REFIANANCED  a $1,000,000 property through them and it cost me nearly $30,000.00! It was too late before I realized what was happening. SHOP before your drop your business here!! 

3

Very BAD Customer Relations. Customer Comes LAST At Dime Savings
1 stars - kellykelly - Thursday, April 5, 2012 - 3:52 PM

I went into Dime Savings Bank only one time and will never do so again! The attitude of the employees was as if I didn't matter and they were the important ones. Uh, hello, ... I went into Dime Savings Bank only one time and will never do so again! The attitude of the employees was as if I didn't matter and they were the important ones. Uh, hello, I am the one with the money, it is your job to impress me enough so that I might want to let you keep it for me so you can have a job keeping track of it. Well as I said, this is one person that will never do business with Dime Savings Bank after interacting with their holier than thou stuck up employees.


Notice how few good reviews there are about Dime Savings Bank, probably employees forced to post good reviews by bosses.

3

I.R.A Specials
4 stars - wolfmsg404 - Saturday, March 10, 2012 - 3:01 PM

One of the best around....This bank gets overlooked too often...This bank puts some of the "big" commercial banks to SHAME...Small bank goes the e.x.t.r.a. mile...I hope the Big banks are learning something for the "smaller" kid on the block

2

Worst Banking Experience EVER
1 stars - thellmer - Tuesday, March 12, 2013 - 10:08 PM

Tried to setup a new online checking account since we live in the neighborhood and wanted a local bank for my daughter who just moved here.  Their advertising said no minimum opening balance required, but after you enter all your financial information into their system and get to the initial deposit page, it requires a $500 minimum deposit - and you can't cancel because at this point they already have your information.  Once you get the paperwork from them (abour 2 weeks later) the paper disclosure they send says no minimum opening balance.  So that is outright fraud.  Next, when you open the account, they put a 30 day hold on your initial deposit so that you cannot withdraw it or write checks on it, which isn't a problem since it's that long before they send you checks or atm cards or even a statement showing you they have your money.  They don't even bother to tell you that you have to go by in person to request checks and the debit cards.  After waiting 2 weeks for some kind of acknowledgement from the bank (after they had our money) I called them and they then informed me you had to go by in person.  I suppose if you don't bother to call, they just use your money forever and never give you access to it.  Seriously, they  don't even bother to call or send paperwork to welcome me to the bank or provide next steps?  Third, after opening the account, you have to take paper copies of utility bills to the bank to prove that everyone on the account lives at your address - even students who have no utility bills.  I suppose I was suposed to put my electric bill in my daughter's name to get her on the account?  Luckily we were able to call her out of state college and have them change her address there and then send a copy of a transcript bill that had her name on it.  Still, this is a RIDICULOUS requirement.  They did inform me that if I couldn't verify her address on a bill that they would have to remove her from the account - and this was an account we were setting up just for her after she just moved here this month from out of state.  Fourth, after receiving the checks today (a month after opening the account), we tried to setup the online banking using either my name, her name, both of our complete and accurate sets of information.  No surprise here that it wouldn't work and told us we had attempted too many times and would have to visit or call the bank.  I cannot wait to finally be able to go by in person to cancel this account and go somewhere else.  Of course they told us we would have to wait 30 days before we could close it.  AVOID THIS INSTITUTION AT ALL COSTS  It's too bad you cannot give negative stars.

1