Overview / Commentary
149 Kent Avenue
Brooklyn, NY 11249

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 (NYC Area) Adds 16-Month Promo CD - 6/23/2018

Dime has added a 16-month Promotional CD that earns 2.60% APY. Minimum deposit is $500, with no stated balance cap. Must be opened in-branch.

Dime 15 Mo CD Now 2.25% APY - 5/30/2018

Dime raised its 15 mo CD to 2.25% APY (up from 2.1%). https://www.dime.com/home/personal/certificate-of-deposit It's money market account remains a pitiful 1.35% APY.

Dime Boosts 4-Year CD Rate - 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.

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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

Posted by: yy | Jun 4, 2018

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.

Daniel Wu

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.



Health Grade Components

FDIC Certificate #16012
Year Established1864
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD8.43%
Annual Interest Income$163.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$6.29B$6.43B
LoansQ3 2018vs Q3 2017$5.39B$5.96B
DepositsQ3 2018vs Q3 2017$4.53B$4.55B
Equity CapitalQ3 2018vs Q3 2017$678.3MM$625.9MM
Loan Loss AllowanceQ3 2018vs Q3 2017$21.3MM$22.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$4.2MM$4.3MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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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

Dime Community Bank Checking Account Rates

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

2.75%$500-4 Year CD
2.60%$500$500k16 Month CD Promo - New Money Only
2.50%$500-30 Month CD
2.50%$500-3 Year CD
2.25%$500-11 Month CD
2.25%$500$500k2 Year CD Promo - New Money Only
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

1.75%$500$250k18 Month IRA - New Money


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