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209 Havemeyer Street
Brooklyn, NY 11211

Dime Savings Bank is a New York-based financial institution registered with the FDIC as a stock savings bank. It primarily provides personal and business deposit products and loans, in addition to its commercial lending services. Though its original identity was as a community banking institution, it is now a publicly traded company on NASDAQ (Symbol:DCOM).

Dime Savings Bank offers checking, savings, Money Market, and CD accounts on its personal banking side. Dime has a free checking account and a rewards checking account that both offer attractive features. The free checking account comes with a free order of checks and a Visa check card and has no monthly fees or minimum balance requirements. The rewards checking account offers non-Dime ATM transaction fee refunds as well as access to higher interest rates when certain account balance thresholds are met. Several savings accounts offer consumers a way to save while accumulating daily compounded interest. One savings account has several features similar to that of a checking account, including a check card and free online banking. There is a student savings account option, as well, and it offers unlimited free deposits and withdrawals. Money market accounts offer higher rates of interest as account balances meet higher thresholds. Certificates of Deposit (CDs) are available in term lengths ranging from 3 to 60 months and require a minimum initial deposit to open. Dime’s CDs have been recognized in the past on Business banking accounts offer similar rates, and Dime features a unique lawyer account that is connected to a law-related public interest fund.

Dime Savings Bank online banking provides a secure platform on which customers can perform account management activities like viewing transaction history, transferring funds, and paying bills. Telephone banking is also available and can be used to review recent activity and pay a mortgage or personal loan.

Dime Savings Bank of Williamsburg was originally established in 1864 under the same name. In 2002, the bank moved its headquarters from New York City to Brooklyn, New York, and it serves its customers through branches located across four of the five boroughs of the city.

Related Posts

Special 5-Year CD Rate at Dime Savings Bank in New York - 1/3/2014

Dime Savings Bank is offering a promotional 5-year CD with a 2.10% APY. Minimum deposit is $500, and the maximum deposit is $250,000. This CD special is listed at this Dime page as of 1/3/2014. L ...

Reviews (5)

Read The Fine Print

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!! 

Very BAD Customer Relations. Customer Comes LAST At Dime Savings

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.

I.R.A Specials

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

Worst Banking Experience EVER

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.




Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Dime Savings Bank had $14.93 million in non-current loans and owned real-estate with $459.76 million in equity and loan loss allowances on hand to cover it. This gives Dime Savings Bank a Texas Ratio of 3.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Dime Savings Bank experienced no significant changes from 2.38% as of June 30, 2013 to 3.25% as of June 30, 2014, resulting in a negative change of 36.45%. This indicates that the balance sheet and financial strength for Dime Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Dime Savings Bank has increased its total deposits by $74.44 million, resulting in 2.74% 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 above average.



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 $4.29 billion in assets with $459.76 million in equity, resulting in a capitalization level of 10.73%, which is above average.

Institution Statistics

FDIC Certificate #16012
Year Established1864
Primary RegulatorFDIC
Assets and Liabilities
Assets$4.29 billion
Loans$3.96 billion
Deposits$2.79 billion
Equity Capital$440.13 million
Loan Loss Allowance$19.63 million
Unbacked Noncurrent Loans$14.91 million
Real Estate Owned$18,000
Historic Data - June 2013
Assets$3.94 billion
Equity Capital$444.58 million
Loan Loss Allowance$20.50 million
Unbacked Noncurrent Loans$14.91 million
Real Estate Owned$585,000
Profit Margin - Quarterly
Return on Assets1.04%
Return on Equity10.05%
Interest Income$84.61 million

Always verify rates and promotions with the bank or credit union. We are not Dime Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Dime Savings Bank Savings Account Rates

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

0.35%$75k-Prime Rewards MMA Statement
0.30%$75k-Prime Rewards MMA Passbook
0.30%$250k-Business Prime Rewards MMA Rates
0.25%$100k-Business Rewards MMA Rates
0.20%$75k-Rewards MMA Statement
0.15%$75k-Rewards MMA Passbook

Dime Savings Bank Checking Account Rates

0.10%$25k-Prime Dime Checking

Dime Savings Bank CD Rates

1.75%$500-5 Year CD
1.75%$500-7 Year CD
1.60%$500-4 Year CD
1.20%$500-3 Year CD
0.80%$500-30 Month CD
0.75%$500-15 Month CD
0.75%$500-2 Year CD
0.50%$500-18 Month CD
0.45%$500-13 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

2.00%$500-5 Year IRA Special
1.75%$500-7 Year IRA
0.45%$500-14 Month IRA

Dime Savings Bank has 26 locations. Click to view all Dime Savings Bank locations.