| Bank or Credit Union | Apy | Min | Max | Product | |
| Dime Savings Bank | 2.00% | $500 | - | 5 Year IRA Special | |
| Dime Savings Bank | 2.00% | $500 | - | 5 Year CESA Special | |
| Dime Savings Bank | 2.00% | $500 | - | 5 Year Roth IRA Special |
Special IRA CD Rates at Dime Savings Bank in New York
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 previous years, people from any state could apply by mail. If you do live in New York, you may want to consider these special IRA CDs. They include a 2.00% APY 5-year IRA CD and a 1.50% APY 30-month IRA CD. Minimum deposit is $500, and the maximum is $250,000. New money is required. The 5-year IRA CD special is listed at this Dime page and the 30-month IRA CD special is listed at this Dime page as of 1/23/2013.
According to the CSR, New York residents can open these IRAs by mail if you don't live near a branch. They require you to mail or fax copies of your driver's license and utility bill for identification. Additional forms may be required depending on if the IRA will be opened as a trustee-to-trustee transfer or a rollover.
Dime Savings Bank branches are located throughout the Greater New York City metro area.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 3.02% (excellent) based on September 2012 data. Please refer to our financial overview of Dime Savings Bank for more details. The bank has been a FDIC member since 1943 (FDIC Certificate # 16012).
How These IRA CD Rates Compare
PenFed's IRA CD rates are close to these two special IRA CD rates from Dime. PenFed's 5-year IRA CD has a 1.90% APY. It doesn't have a 30-month term, but its 24-month IRA CD has a 1.60% APY and its 36-month IRA CD has a 1.85% APY. These rates are accurate as of 1/23/2013.
Searching for the Best IRA CD Rates
To search for nationwide IRA CD rates and IRA CD rates in your state, please refer to our IRA CD rate table.
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3-year Term IRA CD
1.21% APY
Capital One 360
360 Checking Account
0.85% APY
Anonymous - #1, Wednesday, January 23, 2013 - 2:12 PM
I live in New Jersey and recently received this same offer with my tax statement. As is usual with Dime Savings Bank no one is ever on the same page. Read all the past negative comments over the years about this institution and you may want to think twice before dealing with them. They are the absolute worst !
Joe Davis (anonymous) - #2, Wednesday, January 23, 2013 - 11:26 PM
Yep, the folks I've dealt with at Dime are pretty inept. They have been around forever in NYC, but they have very poor help on the phone. You may have a better shot if you go to a branch.
I'd go with Penfed, forget dime.
Anonymous - #3, Thursday, January 24, 2013 - 6:47 AM
When you deal with them over the phone you'll be calling them multiple times from the opening to the maturing of your IRA certificate. Every CSR that you speak with will give you a different set of rules that you must adhere to on that particular day. When you mention to them how ****ed up they are they don't know what you're talking about.
Anonymous - #4, Thursday, January 24, 2013 - 7:20 AM
My wife and I have had a few 15 month IRA CDs with Dime over the past few years. No problems with their service. The rates were never competitive when the CD was up for renewal. Just be aware that they charge $25 to transfer your maturing CD to another institution.
Anonymous - #5, Friday, January 25, 2013 - 8:18 AM
I can't say I've found Dime incompetent, but they have archaic procedures that are consumer-unfriendly. As an existing depositor opening a new CD, you have to send copies of IDs again even though they already know you. Closing out a CD requires that Dime send you a form in the mail that you return by mail. They could at least put the form on-line. It's a million times easier to deal with PenFed.
Anonymous - #6, Monday, January 28, 2013 - 2:20 PM
Rates table shows 3% for 5 year IRA. Is that correct?
KenBDG - #7, Friday, February 1, 2013 - 5:59 PM
@anon #6, sorry about that. It should have been 2%.
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