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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.

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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
12/7/08 - 5.00% 12-Month CD with Checking at Dime Savings Bank - Nationally Available
11/28/08 - 5.00% 6-Month CD at Dime Bank for NY, NJ and CT
11/20/08 - 4.25% 9-Month CD 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.

Dime is trustworthy

Dime Community Bank is a very trustworthy and excellent bank to do business with. They offer and excellent banking experience with all the services you could need. I've used them for loans, mortgages, checking, savings accounts, and safe deposit boxes. The staff in the branches are knowledgeable and helpful at all times. I can highly recommend Dime Community Bank to anyone for their banking needs.

Save more money by banking with Dime!

I have been a member of Dime Bank for years. I have chosen to use them because I live across the street from them and they have provided me great service over the years. They have no monthly fee which makes Dime a great choice for those who want a checking account without fees. You receive your debit card fast and there are no fees if you travel to another country like other cards have. When it comes to the deposits, they are not the best. They do not have an easy set up with depositing money into the account via external transfer. The transfer process is kind of slow and not as advanced as other banks. It does not go through right away. When it comes to depositing checks, Dime has an app that makes it easy, so this is another option for deposits which is not so slow. Their customer service is exceptional, I have never had a problem with customer service. Anytime I did have an issue, they helped me right away and always took care of my issues. Overall, I would recommend Dime Savings Bank to any of my friends.

Great Community Bank With A Small Town Feel

This was the first bank I ever did business with. The fact they're still around since 1864 says a lot about the type of bank this is. I always felt like a valued customer when dealing with this bank, either online or in person. I can say they really did a great job when I had two issues with my account. They were both fraudulent charges that came out of nowhere, so I had no idea what happened. Customer service went above and beyond to help me resolve the issues with my account. Because of those charges, my account went into overdraft and the funds were taken from my savings to cover the charges. Immediately, the representative removed those charges and put the savings money back into my savings account. Definitely recommend to anyone looking for a bank that also doesn't charge a lot of fees.

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 - YTD0.79%
Return on Equity - YTD8.24%
Annual Interest Income$51.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$6.08B$5.50B
LoansQ1 2017vs Q1 2016$5.73B$5.04B
DepositsQ1 2017vs Q1 2016$4.69B$3.62B
Equity CapitalQ1 2017vs Q1 2016$579.6MM$535.0MM
Loan Loss AllowanceQ1 2017vs Q1 2016$21.0MM$18.5MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$4.5MM$6.2MM
Real Estate OwnedQ1 2017vs Q1 2016$0$18.00K
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* 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

Dime Community Bank has 27 locations. Click to view all Dime Community Bank locations.