Dime Savings Bank continues to have high mid term and long term certificate of deposit rates:
- 12 months 0.70% APY
- 15 months 0.85% APY
- 18 months 0.90% APY
- 2 years 1.25% APY
- 3 years 1.55% APY
- 4 years 2.00% APY
- 5 years 2.50% APY
- 7 years 3.00% APY
You can start enjoying this highest CD rates when you make an initial deposit of $500 to open an account. You can also manage your account at your own convenience by enrolling to online banking. Current CD rates are subject to change without prior notice.
In case you decide to withdraw money before the maturity date, you will have to pay for the early withdrawal fee. The earnings of this money in the bank is compounded daily and paid on a monthly basis or on the maturity date. The bank will automatically renew your certificate of deposit account once it matures, so make sure to inform the bank if you want to withdraw your money at least 10 days after the maturity date.
You can take advantage of this top CD rates by completing the application form online. You can also call customer service hotline in case you have other questions with regard to current certificate of deposit rates or requirements that you will be needing to open an account thru 800-321-3463.
The bank has offices located in the cities of Williamsburg, Whitestone, Westbury, Valley Stream, Sunnyside, Soundview, Port Washington, Midwood, Merrick, Marine Park, Long Island City, Kings Highway, Jackson Heights, Hillcrest, Greenpoint, Glen Oaks, Garden City Park, Flushing, Cedarhurst, Brooklyn Heights, Boro Park, Bensonhurst, Bellmore, Bayside, and Bay Ridge in the state of New York.
Dime Savings Bank was established in 1864. Currently, they have reached over $4.13 billion in assets. The bank is also insured by the Federal Deposit Insurance Corporation with certificate number 16012.