Featured Savings Rates
Featured Accounts

Dime Community Bank

Popular Accounts at this Bank

1.35%Money MarketDimeDirect Money Market
2.00%5-year CD5 Year CD
1.60%6+ Year CD7 Year CD

Overview / Commentary
209 Havemeyer Street
Brooklyn, NY 11211

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

2-Year CD, 2.10% APY - 1/18/2018

Dime has raised its 2-Year CD to 2.10% APY. Minimum deposit is $500.

Dime Direct Raises MMA To 1.35% APY - 1/12/2018

Dime Direct raised their Money Market account from 1.2% to 1.35% APY today. Remains uncompetitive.

Dime Increases Money Market Rate To 1.2% APY - 11/1/2017

Upped their money market .1% (used to be 1.1%). https://www.dime.com/home/personal/money-market-accounts

View all posts from:

Many Choices for Free Accounts

Posted by: BullPong | Feb 7, 2018

I banked with Dime Community Bank for more than ten years when I lived in Brooklyn. The best thing about this bank is that they have free checking and savings accounts that are actually free! There are no hidden charges, and the Perfectly Free Checking account only took $25 to open. When I started to make more money, I upgraded to a different checking account that earned interest. While I never earned a lot from this account, there also was not a minimum balance fee to avoid a service charge...which I now know is very rare on money market accounts! I also loved that they had multiple locations near my home, and everyone who worked there was so friendly. This bank offers convenience and is a great value too!

The Best Bank Ever

Posted by: Mediansol | Jan 19, 2018

The experience of mine with the Bank is to say that it's like a friend. The people working there are so friendly such that I feel safe that my money is lot safer in their hands. To say about the transaction I was first worried that I had to access the Bank, but they made it easy for me. There are so many ATM branches that are user friendly that make transaction much easier. They have a reasonable fee structure that I do not have to worry about. Where ever I go I use my Debit card or the mobile banking which lot more fun and easy for me. The savings are based on statement and students account based on that the interest have been added up with no maintenance fee that feels great. Talking about the CD's it can be opened with a minimum of $500 dollars which is pretty easy and fast. Under my concern it is not just a Bank, it is more than that.

Clumsy Customer Service

Posted by: redfarm | Nov 5, 2015

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.

Money Market Account Misleading

Posted by: Van King | Feb 20, 2017

I just opened a Dime Money Market account. The interest rate is terrific, I had no issues transferring money, and the security seemed good. My one and only, but huge issue is that there is a cap of $5,000 per transaction with transferring money in and out. Nowhere did I see that prior to opening the account. They definitely should be putting that prominently on their information sheet. Luckily I only started with $1,000 because if I wanted to withdraw a large sum of money, I wouldn't be able to as I would be capped at $5,000 per transaction. As it is, since I can make 6 exchanges per month, it only makes sense to leave in $30,000 in the account if I want to be able to move my money in an out in a timely manner.



Health Grade Components

FDIC Certificate #16012
Year Established1864
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD8.85%
Annual Interest Income$157.4MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$6.43B$5.81B
LoansQ3 2017vs Q3 2016$5.96B$5.47B
DepositsQ3 2017vs Q3 2016$4.55B$4.33B
Equity CapitalQ3 2017vs Q3 2016$625.9MM$552.7MM
Loan Loss AllowanceQ3 2017vs Q3 2016$22.0MM$20.0MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$4.3MM$6.0MM
Real Estate OwnedQ3 2017vs Q3 2016$0$18.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2-Year CD, 2.10% APY

Carpline   |  
Dime has raised its 2-Year CD to 2.10% APY. Minimum deposit is $500.

Dime Direct Raises MMA To 1.35% APY

Sperry8   |  
Dime Direct raised their Money Market account from 1.2% to 1.35% APY today. Remains uncompetitive.

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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

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

Dime Community Bank Money Market Rates

1.35%*-$500kDimeDirect 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
0.15%*$75k*-Rewards MMA Passbook
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $75k

Dime Community Bank Checking Account Rates

0.10%*$10k*-Prime Dime Interest Checking
OTHER TIERS: 0.05% Up to $1,500 | 0.08% $1,500 - $10k
0.05%--Fabulous 50 Interest Checking
0.05%--Direct Interest Checking
0.05%--Business Interest Checking

Dime Community Bank CD Rates

2.10%$500-2 Year CD Promo
2.00%$500-5 Year CD
1.80%$500-4 Year CD
1.75%$500-14 Month CD Promo
1.65%$500-3 Year CD
1.60%$500-2 Year CD
1.60%$500-7 Year CD
1.60%$500$250k18 Month CD Promo - New Money
1.35%$500-13 Month CD
1.35%$500-15 Month CD
0.80%$500-30 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%$500-11 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

1.75%$500-18 Month IRA Promo