Featured Savings Rates
Featured Accounts

Dime Community Bank

Popular Accounts at this Bank

1.10%Money MarketDimeDirect Money Market
1.60%5-year CD5 Year CD
1.60%6+ Year CD7 Year CD

Overview / Commentary
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

View all posts from:


Posted by: cheririley | Sep 3, 2017

Dime Community Bank is by far New York City's more premier and secure bank that I have ever used for savings and checking. The managers and customer service staff are highly trained, very professional, and extremely thorough in all of their interactions with customers. The personal banking options are very comprehensive and offer many options for growing your nest-egg. I invest my money in 18 month CD's at Dime Community Bank, I get a 1.6% annual percentage yield. The money market accounts are fantastic if you are looking to compound your money and make it grow for retirement or savings. I am absolutely a loyal and returning customer because of the variety of educational tools that Dime Community Bank offers its customers. I refer this bank to all my friends and family because of how stellar its service is everyday and consistently.

Dime Bank

Dime is, or at least appeared to me to be, a small local bank. My friend's mother worked there so that's why I originally opened an account with them. They are very, very friendly (only TD bank is friendlier in my experience) and customer service in general is outstanding. The basic checking and saving rates are very competitive but are never the best. The fees are fair and they don't nickle and dime you. You don't have to worry about hidden fees. As time went on, I began to invest more (with another bank) and they offered me many incentives to move my account over. So I did. DIME didn't have a brokerage arm (at least when I was with them) so I basically outgrew them. However, for basic local banking they are great. My friend got a small business loan from them, so I think there is value in having a personal relationship with a local banker.

Recent Second Thoughts About This Bank...

Posted by: pinkterror | 1 hour ago

I opened an account at Dime when they offered a promotional offer. (Before 2014) I then converted the account to a perfectly free checking. I kept my account open due to the free checks I had. My recent second thoughts about keeping this account open is due to the fact I used one of the checks to move the money to another bank. The check bounced and I got charged a fee. I had enough money in the account. I already checked online when logging in and when I checked my online statements. The reason it bounced was because my account was in dormant status. I found this out after it bounced and I had to call Dime Bank. I asked the customer service person was I notified that my account was place into dormant status. He said customer is notified after little before 3 years. I asked the customer service was I ever notified that my account was dormant. He said no as my account had no activity since 2016 and that notification would probably have occurred in 2019 if nothing else happened. This made me have serious second thoughts about the bank as I had contacted them via secure message the night before and I had to take time from a busy crazy workday to make the phone call to find out. I was then told that even though I'm speaking to the customer service person, who has verified my identity, that I would need to provide a letter with the same information along with a signature to move my account from dormant to active status. I was not happy because my trust in the bank took a serious dive, Other banks send a letter to a person if a person hasn't had any activity in a year. I immediately sent a scan of my signed letter to the bank late friday morning, right after the phone call. I have yet to find out if my account is active again. I sent another secure message the same day to please confirm that they have received the letter vial email (they give 3 options: mail, fax or email) and they have yet to answer. I am not the only one who is waiting as my other bank told me to please let them know also so that the check could be deposited. This experience has made me hesitant to recommend this bank.

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 - YTD0.81%
Return on Equity - YTD8.41%
Annual Interest Income$103.8MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$6.24B$5.54B
LoansQ2 2017vs Q2 2016$5.85B$5.19B
DepositsQ2 2017vs Q2 2016$4.65B$3.93B
Equity CapitalQ2 2017vs Q2 2016$610.7MM$543.7MM
Loan Loss AllowanceQ2 2017vs Q2 2016$22.0MM$18.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$4.6MM$8.9MM
Real Estate OwnedQ2 2017vs Q2 2016$0$18.00K
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 Account
0.05%--Student Savings
0.05%--Holiday Account

Dime Community Bank Money Market Rates

1.10%*-$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%$1,500-Business Interest Checking

Dime Community Bank CD Rates

1.60%$500-5 Year CD
1.60%$500-7 Year CD
1.60%$500-18 Month CD Promo
1.55%$500-2 Year CD
1.35%$500-13 Month CD
1.35%$500-15 Month CD
1.15%$500-4 Year CD
1.01%$500-3 Year 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