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 EpBooks.us. 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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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 Review

Posted by: jeannieho | Aug 28, 2017

I have a banking account with Dime Community Bank. I use it specifically for checking purposes and it the main account that I use. I have always had a pleasant experience with their customer service team. When I was searching for a new bank, I came up with a list of things that were important to me. I called their customer service and we were on the phone close to an hour. They took the time to address my concerns and answer my questions. I appreciated the care that they took with me and won me over. They ticked all the boxes in terms of what I was looking for and I felt that I was a valued customer. I have had to call customer service for other questions that I have had and it has always been a positive experience.

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.

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
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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