Dime Community Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.35% | Money Market | DimeDirect Money Market |
| 2.00% | 5-year CD | 5 Year CD 2.03% - National Average |
| 1.60% | 6+ Year CD | 7 Year CD 2.15% - National Average |
Dime Community Bank, previously known as Dime Savings Bank, is a New York-based financial institution registered with the FDIC as a 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 Community Bank offers checking, savings, Money Market, and CD accounts on its personal banking side. They have 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 DepositAccounts.com. Business banking accounts offer similar rates, and Dime features a unique lawyer account that is connected to a law-related public interest fund.
Dime Community 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 Community Bank was originally established in 1864 under the name The Dime Savings Bank of Williamsburg. 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
5/30 - Dime 15 Mo CD Now 2.25% APY
4/21 - Dime Boosts 4-Year CD Rate
3/23 - Dime Community Bank Is Featuring Great Rates On Their Platinum Money Market Account And 15-Month CD.
1/18 - 2-Year CD, 2.10% APY
1/12 - Dime Direct Raises MMA To 1.35% APY
9/29 - Dime Community Bank Is Running Free Checking Account Promotion.
8/14/15 - Dime Savings Bank MMA
7/2/15 - Dime Savings Bank 1.01% APY Money Market Guaranteed For One Year
1/3/14 - Special 5-Year CD Rate at Dime Savings Bank in New York
1/23/13 - Special IRA CD Rates at Dime Savings Bank in New York
7/12/12 - $50 Checking Account Bonus At Dime Savings Bank
3/1/12 - IRA CD Specials at Dime Savings Bank in New York - Available Nationwide
7/16/11 - Money Market Account Special at Dime Savings Bank in New York
7/15/11 - Issues and Tips on Closing CDs at Dime Savings Bank & Other Banks
3/21/11 - End Of DIME 15-Month IRA At 2.5%
12/30/10 - Special 10-Month CD at Dime Savings Bank in New York - Available Nationwide
10/26/10 - 3% 7-Year CD At Dime Bank In New York City BUT Big EWP
1/13/10 - 2.50% 9-Month CD at Dime Savings Bank in New York
9/18/09 - $300 Checking Account Bonus at Dime Bank in New York
Excellent Service, Great Bank
Dime, Garden City Park Branch, all staffs are nice, friendly, and always helpful. Managers, Mr. Bingold and Mr. Blackmore are very professional and knowledgeable. 5 stars recommendation...
Definitely Recommend
The staffs are warm, welcoming, and genuinely kind people. Whether it's opening an account or ordering checks, the tellers and bankers alike are professional and patient. I definitely recommend Dime!
Branch Manager Lucy is very outstanding on building lasting relationship with clients. She always put client interest first. I moved my baking relationship over from Chase because her!
Thank You, Flushing Branch!
My name is Daniel and a customer of Flushing Branch. I have been to the branch a couple of times. The manager, Lucy Zhang who is very professional and knowledgeable. The branch is very neat and their customer service is excellent. I would highly recommend them to others.
Thanks.
Daniel Wu
Clumsy Customer Service
In opening an online money market account with Dime Savings Bank there was a glitch in initially funding it. The savings account with the external bank was described as (yes) a savings account when according to that bank (SFGI Direct) it should've been labeled as a checking account. Because of this issue the transfer of funds fell through. However I only learned that there was a problem when my account access was blocked. I phoned customer service who routed me to the department responsible for account openings. They told me that my account had been flagged, my access denied, and any activity prohibited. I called the other bank to find out what happened and they explained the reason. I then shared this information with Dime Savings. The transfer went through a few days later and the flag lifted. The only notice though Dime Savings gave alerting me to this issue was a message in my account inbox - which I was blocked from accessing. An email or phone call would've been the most effective means to let me know. On the positive side phoning customer service hasn't meant a long wait to speak with someone.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16012 |
| Year Established | 1864 |
| Employees | 403 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 8.87% |
| Annual Interest Income | $109.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $6.25B$6.24B |
| Loans | Q2 2018vs Q2 2017 | $5.38B$5.85B |
| Deposits | Q2 2018vs Q2 2017 | $4.50B$4.65B |
| Equity Capital | Q2 2018vs Q2 2017 | $668.3MM$610.7MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $21.0MM$22.0MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $6.4MM$4.6MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Dime Community Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Dime Community Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $250 | - | Statement Savings | |
| 0.05% | - | - | Passbook Savings | |
| 0.05% | - | - | Club/Holiday Account | |
| 0.05% | - | - | Student Savings |
Dime Community Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.35%* | - | $500k | DimeDirect Money Market | ||
| OTHER TIERS: 0.20% → $500k+ | |||||
| 0.25%* | $100k* | - | Business Rewards MMA Rates | ||
| OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $100k | |||||
| 0.20%* | $75k* | - | Rewards MMA Statement | ||
| OTHER TIERS: 0.05% → Up to $1k | 0.10% → $1k - $25k | 0.15% → $25k - $75k | |||||
Dime Community Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $10k* | - | Prime Dime Interest Checking | ||
| OTHER TIERS: 0.05% → Up to $1.5k | 0.08% → $1.5k - $10k | |||||
| 0.05% | - | - | Fabulous 50 Interest Checking | ||
| 0.05% | - | - | Direct Interest Checking | ||
| 0.05% | - | - | Business Interest Checking | ||
Dime Community Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.75% | $500 | - | 4 Year CD | |
| 2.60% | $500 | - | 16 Month CD Promo | |
| 2.50% | $500 | - | 30 Month CD | |
| 2.50% | $500 | - | 3 Year CD | |
| 2.25% | $500 | - | 11 Month CD | |
| 2.25% | $500 | - | 2 Year CD Promo | |
| 2.00% | $500 | - | 5 Year CD | |
| 1.60% | $500 | - | 2 Year CD | |
| 1.60% | $500 | - | 7 Year CD | |
| 1.35% | $500 | - | 13 Month CD | |
| 0.50% | $500 | - | 15 Month CD | |
| 0.50% | $500 | - | 18 Month CD | |
| 0.45% | $500 | - | 14 Month CD | |
| 0.45% | $500 | - | 16 Month CD | |
| 0.40% | $500 | - | 10 Month CD | |
| 0.40% | $500 | - | 12 Month CD | |
| 0.30% | $500 | - | 7 Month CD | |
| 0.30% | $500 | - | 8 Month CD | |
| 0.30% | $500 | - | 9 Month CD | |
| 0.20% | $500 | - | 6 Month CD | |
| 0.15% | $500 | - | 4 Month CD | |
| 0.15% | $500 | - | 5 Month CD | |
| 0.10% | $500 | - | 3 Month CD |
Dime Community Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $500 | - | 18 Month IRA Promo |
