Dime Savings Bank is again offering IRA CD specials. However, one thing has changed. They are now only accepting new IRA accounts from New York State residents. I was just told this by a Dime CSR. In previous years, people from any state could apply by mail. If you do live in New York, you may want to consider these special IRA CDs. They include a 2.00% APY 5-year IRA CD and a 1.50% APY 30-month IRA CD. Minimum deposit is $500, and the maximum is $250,000. New money is required. The 5-year IRA CD special is listed at this Dime page and the 30-month IRA CD special is listed at this Dime page as of 1/23/2013.
According to the CSR, New York residents can open these IRAs by mail if you don't live near a branch. They require you to mail or fax copies of your driver's license and utility bill for identification. Additional forms may be required depending on if the IRA will be opened as a trustee-to-trustee transfer or a rollover.
Dime Savings Bank branches are located throughout the Greater New York City metro area.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 3.02% (excellent) based on September 2012 data. Please refer to our financial overview of Dime Savings Bank for more details. The bank has been a FDIC member since 1943 (FDIC Certificate # 16012).
How These IRA CD Rates Compare
PenFed's IRA CD rates are close to these two special IRA CD rates from Dime. PenFed's 5-year IRA CD has a 1.90% APY. It doesn't have a 30-month term, but its 24-month IRA CD has a 1.60% APY and its 36-month IRA CD has a 1.85% APY. These rates are accurate as of 1/23/2013.
Searching for the Best IRA CD Rates
To search for nationwide IRA CD rates and IRA CD rates in your state, please refer to our IRA CD rate table.