Featured Savings Rates
Featured Accounts

Dime Community Bank

Popular Accounts at this Bank

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

Overview / Commentary
718-343-1801
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

Dime Boosts 4-Year CD Rate To 2.75% APY - 4/21/2018

Dime Community Bank has added 35 bps to its 4-year CD (2.75% APY). Minimum deposit is $500, with no stated balance cap. Must be opened at any of 28 NYC area branches.

Dime Community Bank Is Featuring Great Rates On Their Platinum Money Market Account And 15-Month CD. - 3/23/2018

When you open a Dime Platinum Money Market Account and companion Platinum Checking Account, your money will earn 1.75% APY(1), guaranteed for one year, on balances up to $500,000. That’s a rate that compares more favorably than most 12-Month CDs while keeping your money liquid. All Dime checking accounts include a free debit card, free online banking and free bill pay, free mobile banking with mobile check deposit, and free eStatements with online check images(2). If you’re looking for steady growth over a slightly longer duration, then you should consider opening a Dime 15-Month CD, where your money will earn a 2.10% APY(3). Whatever is your financial goal, your money makes more money at Dime. To find out more information about Dime’s Platinum Money Market Account or 15-Month CD promotion, stop by any of our 29 neighborhood branch locations (dime.com/locations). You can also call 800-321-DIME (3463) to speak to a DimeDirect customer representative. ----------------------------- (1

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

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

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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!

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.

A Short Term Love Affair

Posted by: MAP | Apr 1, 2018

The relationship was doomed from the start- a year ago it took 3 weeks to open my Dime Direct Money Market account. Back then their APY was very attractive, so I thought why not? I was an interest rate whore, so maybe this is (somehow- if I play the victim) my fault.
There were so many technical glitches I lost count.
When the account was finally opened it was immediately locked and sent to the fraud dept. because my NY IP address and NV address triggered an internal alarm. After a series of phone calls back and forth over a week the account was then unlocked and I began transferring money from my (verified) Chase bank account. After $2k was transferred in, Dime then froze the account a second time and again the fraud dept stepped in- where is this money coming from they asked? Answer: from the bank account in my name which you have already verified. At this point I lost my patience and (voices raised) advised that if you have a problem with me- and it seems like you do- then return the money to Chase and close my account- I don't need any further aggravation. Result: account unfrozen.
A year has passed and I thought we had put our issues behind us. I showered you with little deposits over the year and in return you gave me some nice interest- we worked well together.
Now March 2018 I'm trying to transfer money out of Dime (under the $5K limit) back to the verified Chase account. But the Gods are not in my favor: "We’re sorry, but your transfer could not be processed due to an issue with the account you are transferring from (Dime). As a result, your account balance will not be affected." Really?

VIEW MORE REVIEWS

Health
B+

Health Grade Components

Overall
FDIC Certificate #16012
Year Established1864
Employees379
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD9.2%
Annual Interest Income$211.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$6.39B$5.99B
LoansQ4 2017vs Q4 2016$5.58B$5.62B
DepositsQ4 2017vs Q4 2016$4.54B$4.55B
Equity CapitalQ4 2017vs Q4 2016$643.3MM$571.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$21.0MM$20.5MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$20.5MM$7.3MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
  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.

Dime Community Bank Is Featuring Great Rates On Their Platinum Money Market Account And 15-Month CD.

Dime Community Bank Dime Community Bank   |  
When you open a Dime Platinum Money Market Account and companion Platinum Checking Account, your money will earn 1.75% APY(1), guaranteed for one year, on balances up to $500,000. That’s a rate that compares more favorably than most 12-Month CDs while keeping your money liquid. All Dime checking accounts include a free debit card, free online banking and free bill pay, free mobile banking with mobile check deposit, and free eStatements with online check images(2).

If you’re looking for steady growth over a slightly longer duration, then you should consider opening a Dime 15-Month CD, where your money will earn a 2.10% APY(3). Whatever is your financial goal, your money makes more money at Dime.

To find out more information about Dime’s Platinum Money Market Account or 15-Month CD promotion, stop by any of our 29 neighborhood branch locations (dime.com/locations). You can also call 800-321-DIME (3463) to speak to a DimeDirect customer representative.

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(1)The minimum deposit required to open is $25,000. The introductory 1.75% Platinum Money Market Account Annual Percentage Yield (APY) on balances up to $500,000 is guaranteed for a one-year period from the date of account opening and is offered as of 2/23/18. After this one-year period has expired, the interest rate and APY for balances up to $500,000 are established at our discretion, are variable, and are subject to change at any time without notice or limit. Balances over $500,000 will earn an interest rate and APY that are established at our discretion, are variable, and are subject to change at any time without notice or limit (this APY is currently 0.75%). Fees may reduce the earnings on this account. The maximum opening deposit is $500,000. There is a $10 monthly fee if the daily balance falls below $25,000. At the time of opening a Platinum Money Market Account, a Platinum Checking Account must also be established. This Platinum Checking Account requires a minimum opening deposit of $2,500. There is a $15 monthly fee on the Platinum Checking Account if the average daily balance falls below $2,500. Deposits insured to the maximum amount allowed by law.

(2)Must have Dime Online Banking to use Dime Mobile Banking. Dime Mobile Banking App is available for select mobile devices. Mobile Banking is a free service from Dime. However, your mobile carrier may charge for data and text message usage.

(3)$500 minimum balance is required to open and earn the Annual Percentage Yield (APY) on this special CD account offering (maximum of $500,000). APY is effective 2/23/18. Funds to open this account cannot be transferred from any existing Dime account. Premature withdrawal is subject to penalty and fees may reduce earnings. Deposits insured to the maximum allowed by law.

Dime Community Bank reserves the right to cancel or modify this offer at any time without notice and to limit the number of accounts opened. This offer is limited to one per household and only available to consumer accounts and New York State residents. Funds to open this account cannot be transferred from any existing Dime account. New money only.

Member FDIC | Equal Housing Lender | Dime Community Bank

Rates
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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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

Dime Community Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$500-4 Year CD
2.50%$500-3 Year CD
2.10%$500-30 Month CD
2.10%$500-2 Year CD Promo
2.10%$500-15 Month 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
1.35%$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%$500-11 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-18 Month IRA Promo
Locations

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.