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:

About Bank

Posted by: Khadbeparo | Jan 7, 2018

I learned to save at the Dime Community Bank. Later on I used their products for my savings, money market accounts and CDs to save to purchase my first house. I can highly recommend the Dime Community Bank as a trusted neighborhood resource and friendly place to save for all the important events Don't. Seriously it is so hard to see your balance if you entered your password wrong online. It asks you for an account number and last statement balance and there are no other options to verify. I got locked.

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.

Confusion About Money Market Account Withdrawals, From Dime Savings Bank

Posted by: para25 | Jan 15, 2018

I have had a money market account at Dime Savings for several years, with a checkbook to withdraw funds from this account on an, as needed basis.
Am I able to write a check for over $5,000 without any problem / issues ???
Is there a cap on the amount of money I can withdraw from my money market account, by personal check, without a hassle ???
Sure many others are also confused about, the banks $5000, cap on withdrawals.
Would like the bank to respond, and clarify this issue, otherwise I will close my account.

Excellent experience with Dime Community bank!

I am very pleased with Dime Community bank! They offer competitive money market and certificate of deposit rates. In the past, I had always relied on my local credit union to meet all of my banking needs. However, once I discovered that Dime Community bank offered a better savings rate for money market and certificate of deposit (CD) accounts, I decided to switch to Dime Community bank so I could earn a better interest rate on my short term (e.g. money market) and longer term (e.g. CD) cash savings accounts. The Dime customer service is very professional and prompt whenever I have a question I can send them a secure email message right on their website, and they usually reply within 1 business day. You can also call them directly if you need a quicker reply. Their current money market rate is 1.2% APY which is quite competitive in this low rate environment. This is a terrific online bank, and I was happy that I could conduct all of my banking online and receive electronic statements which is super convenient.



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.

Dime Increases Money Market Rate To 1.2% APY

Sperry8   |  
Upped their money market .1% (used to be 1.1%). https://www.dime.com/home/personal/money-market-accounts

Report an Issue

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