Featured Savings Rates
Featured Accounts


Popular Accounts at this Bank

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

Overview / Commentary
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

Dime Savings Bank 1.01% APY Money Market Guaranteed For One Year - 7/2/2015

Dime Savings Bank's Dime Direct Money Market has a 1.01% APY guaranteed for one year. There is no minimum deposit and the 1.01% APY applies to balances up to $250K.

View all posts from:

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.

Reviews (8)

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.

I.R.A Specials

One of the best around....This bank gets overlooked too often...This bank puts some of the "big" commercial banks to SHAME...Small bank goes the e.x.t.r.a. mile...I hope the Big banks are learning something for the "smaller" kid on the block

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.

Very Slow Process And Tiny Transfer Amounts.

Posted by: Jarlath | May 24, 2016

I do a tremendous amount of on-line bank and I have never seen a bank this bad. It took nearly a week just to get the account set-up and funded with an external bank. Then, when you think everything is set, you need to verify the exact same external bank that you funded the account with, and that took another three days. Now, I found out you are limited to transfers between said banks, inbound and outbound, to $5,000. This is absurd. It has a decent interest rate, but it has a long way to go to be a competitor in the on-line banking world. I will be closing my account.

Worst Ever

This is the worst banking experience I've ever had. They put you on hold forever. Can't get on a secure website. Trying to transfer money is a total nightmare. Willing to get a lower interest rate to get better service! Would give no stars if that was possible.


Been trying to get questions answered. Left two messages over a 3 day period. STill no response.

Nothing else to say!

Worst Banking Experience EVER

Posted by: thellmer | Mar 12, 2013

Tried to setup a new online checking account since we live in the neighborhood and wanted a local bank for my daughter who just moved here.  Their advertising said no minimum opening balance required, but after you enter all your financial information into their system and get to the initial deposit page, it requires a $500 minimum deposit - and you can't cancel because at this point they already have your information.  Once you get the paperwork from them (abour 2 weeks later) the paper disclosure they send says no minimum opening balance.  So that is outright fraud.  Next, when you open the account, they put a 30 day hold on your initial deposit so that you cannot withdraw it or write checks on it, which isn't a problem since it's that long before they send you checks or atm cards or even a statement showing you they have your money.  They don't even bother to tell you that you have to go by in person to request checks and the debit cards.  After waiting 2 weeks for some kind of acknowledgement from the bank (after they had our money) I called them and they then informed me you had to go by in person.  I suppose if you don't bother to call, they just use your money forever and never give you access to it.  Seriously, they  don't even bother to call or send paperwork to welcome me to the bank or provide next steps?  Third, after opening the account, you have to take paper copies of utility bills to the bank to prove that everyone on the account lives at your address - even students who have no utility bills.  I suppose I was suposed to put my electric bill in my daughter's name to get her on the account?  Luckily we were able to call her out of state college and have them change her address there and then send a copy of a transcript bill that had her name on it.  Still, this is a RIDICULOUS requirement.  They did inform me that if I couldn't verify her address on a bill that they would have to remove her from the account - and this was an account we were setting up just for her after she just moved here this month from out of state.  Fourth, after receiving the checks today (a month after opening the account), we tried to setup the online banking using either my name, her name, both of our complete and accurate sets of information.  No surprise here that it wouldn't work and told us we had attempted too many times and would have to visit or call the bank.  I cannot wait to finally be able to go by in person to cancel this account and go somewhere else.  Of course they told us we would have to wait 30 days before we could close it.  AVOID THIS INSTITUTION AT ALL COSTS  It's too bad you cannot give negative stars.


Health Grade Components

FDIC Certificate #16012
Year Established1864
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD10.11%
Annual Interest Income$174.5MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$5.01B$4.48B
LoansQ4 2015vs Q4 2014$4.68B$4.10B
DepositsQ4 2015vs Q4 2014$3.32B$2.81B
Equity CapitalQ4 2015vs Q4 2014$487.3MM$454.1MM
Loan Loss AllowanceQ4 2015vs Q4 2014$18.5MM$18.5MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$6.1MM$9.5MM
Real Estate OwnedQ4 2015vs Q4 2014$148.00K$18.00K
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Always verify rates and promotions with the bank or credit union. We are not Dime; 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 Savings Account Rates

0.05%$250-Statement Savings
0.05%$250-Passbook Savings
0.05%--Club Account
0.05%--Student Savings
0.05%--Holiday Account

Dime Money Market Rates

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 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%--Business Interest Checking
0.05%--Business Analysis Checking

Dime CD Rates

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

Dime IRA Rates

1.60%$500-5 Year IRA
1.60%$500-7 Year IRA
1.15%$500-4 Year IRA
1.01%$500-3 Year IRA
0.80%$500-30 Month IRA
0.70%$500-2 Year IRA
0.50%$500-18 Month IRA
0.45%$500-13 Month IRA
0.45%$500-14 Month IRA
0.45%$500-15 Month IRA
0.45%$500-16 Month IRA
0.40%$500-10 Month IRA
0.40%$500-11 Month IRA
0.40%$500-12 Month IRA
0.30%$500-7 Month IRA
0.30%$500-8 Month IRA
0.30%$500-9 Month IRA
0.20%$500-6 Month IRA
0.15%$500-4 Month IRA
0.15%$500-5 Month IRA
0.10%$500-3 Month IRA

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