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209 Havemeyer Street
Brooklyn, NY 11211

Dime is a New York-based financial institution registered with the FDIC as a stock 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 Savings Bank offers checking, savings, Money Market, and CD accounts on its personal banking side. Dime has 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 Savings 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 Savings Bank of Williamsburg was originally established in 1864 under the same name. 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 Direct Money Market Now Available Nationwide - 8/18/2015

UPDATE 10/9/2015: 1-year promotional APY guarantee is no longer available.

Dime Savings Bank MMA - 8/14/2015

Update: There is no longer a guarantee period. Dime Savings Bank just raised the rate on the MMA to 1.10% APY and it's guaranteed for 1 Year. Ken wrote about this in July.  https://www.depositaccounts.com/b...d-year.htm

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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
9/17/09 - $300 Checking Account Bonus at Dime Bank in New York
6/21/09 - 3.75% 60-Month CD & 3.00% 36-Month CD at Dime Savings Bank in New York
3/16/09 - 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
11/13/08 - 4.25% 9-Month CD at Dime Savings Bank - Nationally Available
11/10/08 - 5.00% 6-Month CD at Dime Bank for NY, NJ and CT
9/5/08 - 5.00% 12-Month CD with Checking at Dime Savings Bank - Nationally Available
12/19/06 - 6.00% 3-Month Money Market Account Promo Update at Dime
7/7/06 - 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
1/30/06 - 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.

Dime Savings Bank Review

Posted by: JANIE456 | Jul 14, 2016

I have had a savings and checking account with DIME for 15 years. They are the best bank I've dealt with, and their customer service is top notch. Unlike some of the bigger chain banks, I always feel like I am getting personalized attention and service that is catered to my needs. They have upgraded their interest rates and also balance requirements over the years, and I am always contacted in advance of the changes with suggestions of the account that works best for me. I love their online banking, and they are very accessible without fees for wire services.

Bank Service Is Slow

Posted by: gl50226 | Mar 18, 2016

The bank service setup is slow. It took 3 days to setup an external bank link. Also, the external transfer is limited with $5k per transfer. it will take 100 transfers to deposit $500k to the limit of the Money Market Account.



Health Grade Components

FDIC Certificate #16012
Year Established1864
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.86%
Return on Equity - YTD39.7%
Annual Interest Income$46.5MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$5.50B$4.57B
LoansQ1 2016vs Q1 2015$5.04B$4.22B
DepositsQ1 2016vs Q1 2015$3.62B$3.01B
Equity CapitalQ1 2016vs Q1 2015$535.0MM$462.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$18.5MM$18.2MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$6.2MM$8.1MM
Real Estate OwnedQ1 2016vs Q1 2015$18.00K$148.00K

Rates for Dime are currently being reviewed.


Dime has 26 locations. Click to view all Dime locations.