Featured Savings Rates
Featured Accounts

Dime Community Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.10%Money MarketDimeDirect Money Market
1.60%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 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 Continues To Offer Money Market Nationwide - 8/18/2016

Dime's nationally available DimeDirect Money Market still earns 1.10% APY. Min opening deposit is $1k and max opening deposit is $500k (new money required).

Safe Place To Keep Your Money - 8/12/2016

Safe Saving Strategies for Today's Interest RatesThe options can seem daunting when it comes to deciding where — and when, and how — to invest your money and make the most out of your savings. As interest rates and the global financial markets shift, the safest places, and strategies, can easily seem like a moving target. Why interest rates matter Perhaps the most important financial tool at The Federal Reserve’s disposal is its ability to raise and lower interest rates. The prevailing wisdom behind this is that when the country’s economy is struggling, lower interest rates can motivate purchasing and borrowing behavior, helping generate a positive cycle of increased financial trust that supports it. The inverse of this is also true, so that when the economy is thriving, the Fed may choose to raise those rates, restricting access to loans and other forms of liquidity to help moderate growth. In today’s market, interest rates are low, so an eventual increase is likely on the ho

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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
7/12/12 - Top 7-Year CD Rate at Dime Savings Bank - Available Nationwide
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%
2/28/11 - Higher Long-Term CD Rates at Dime Savings Bank - New Trend?
2/18/11 - 15-Month IRA CD Special at Dime Savings Bank in New York
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
3/12/10 - 2.50% 15-Month IRA CD at Dime Savings Bank - Available Nationwide
1/13/10 - 2.50% 9-Month CD at Dime Savings Bank in New York
11/10/09 - 2.50% 12-Month IRA CD at Dime Savings Bank - Available Nationwide
9/18/09 - $300 Checking Account Bonus at Dime Bank in New York
6/27/09 - 3.75% 60-Month CD & 3.00% 36-Month CD at Dime Savings Bank in New York
3/29/09 - 3.25% 18-Month IRA CD at Dime Direct - Nationally Available
12/7/08 - 3.75% Money Market Promo Guaranteed for 3 Months at Dime Savings Bank
11/20/08 - 4.25% 9-Month CD at Dime Savings Bank - Nationally Available
11/28/08 - 5.00% 6-Month CD at Dime Bank for NY, NJ and CT
12/7/08 - 5.00% 12-Month CD with Checking at Dime Savings Bank - Nationally Available
3/18/07 - 6.00% 3-Month Money Market Account Promo Update at Dime
7/20/06 - 6% 3-Month Money Market Promo Available to All at Dime
4/3/06 - 6% 3-Month Intro Rate on a Money Market Account
2/26/06 - 5% 3-Month Intro Rate on a Money Market Account
2/18/06 - 5% 6-Month CD Available Online.

Great Service, And A Greater Interest Rate

Posted by: TinaFin | Oct 15, 2015

Decided to post a review because of the rough comments below. No one ever posts good stuff when they're happy so I figured I'd write ... I've been a customer of the bank for almost three years - the customer service is great compared to the "big banks" ... and just recently they started promoting a great rate for a money market account. I rarely get to go to my local branch because I can deposit checks from the app, but when I do, the tellers remember my name. Love the personal touch ... :)

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.

Terrible Customer Service

Posted by: Robert St | Aug 9, 2016

Tried to open a money market account. They were unable to verity our identities because one ore more of their question/answer tasks did not match of what they claim was public record. Public record does not know who we know, nor does it even know the correct street names (they could not even name our legal address correctly). As brainwashed as the people in customer service are as well, they told us to call public records and tell them all kinds of personal information so that they have it. You think you have seen it all. No wonder that people here are taken advantage of all the time, they are everything but smart, no common sense at all.

Very Disappointed..

I can't say that the actual product is terrible because after a week of trying to set up a money market account, it never worked. My husband and I spent a week trying to set the account up. We called customer service and we're pretty much told to either figure it out or we were "disconnected" on accident. The online application kept timing out, so without help from customer service, we were never able to sign up. We took this as a sign that maybe we shouldn't sign up with them. We will be looking else where. Word of advice to DIME- work on your customer service.

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Health
A

Health Grade Components

Overall
FDIC Certificate #16012
Year Established1864
Employees365
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.8%
Return on Equity - YTD18.6%
Annual Interest Income$143.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$5.81B$4.82B
LoansQ3 2016vs Q3 2015$5.47B$4.47B
DepositsQ3 2016vs Q3 2015$4.33B$3.22B
Equity CapitalQ3 2016vs Q3 2015$552.7MM$479.5MM
Loan Loss AllowanceQ3 2016vs Q3 2015$20.0MM$19.0MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$6.0MM$4.1MM
Real Estate OwnedQ3 2016vs Q3 2015$18.00K$148.00K
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
0.50%--DimeDirect Statement Savings
0.05%$250-Statement Savings
0.05%$250-Passbook Savings
0.05%--Club Account
0.05%--Student Savings
0.05%--Holiday Account

Dime Community Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*-$500kDimeDirect Money Market
OTHER TIERS: 0.20% $500k+
0.30%*$250k*-Business Prime Rewards MMA Rates
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $100k | 0.25% $100k - $250k
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

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
1.60%$500-5 Year CD
1.60%$500-7 Year CD
1.15%$500-4 Year CD
1.01%$500-3 Year CD
0.80%$500-30 Month CD
0.70%$500-2 Year CD
0.50%$500-18 Month CD
0.45%$500-13 Month CD
0.45%$500-15 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
Locations

Dime Community Bank has 25 locations. Click to view all Dime Community Bank locations.