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CD Rates
With Certificates of Deposit, you can invest your money in secure accounts guaranteed to grow at some of our highest rates for savings accounts. Just pick a term from a few weeks to several years and put your savings on auto pilot.
Enjoy the high yields of our CDs
Dime Bank CDs provide a boost to your savings.
Whatever savings goal you have in mind, CDs are a smart investment. Choose your timeframe and review your interest rate to determine your guaranteed savings. Put our CD rates to work for your personal or business finances.
|
Length
|
Minimum to Open
|
Interest Rate
|
Annual Percentage Yield
|
|---|---|---|---|
| 30 Days | $500.00 | 0.05% | 0.05% |
| 91 Days | $500.00 | 0.05% | 0.05% |
| 182 Days | $500.00 | 0.05% | 0.05% |
| 7 Months* | $5,000.00 | 3.92% | 4.00% |
| 10 Month**** | $500.00 | 3.68% | 3.75% |
| 1 Year | $500.00 | 0.05% | 0.05% |
| 16 Month***** | $5,000.00 | 2.47% | 2.50% |
| 18 Month** | $500.00 | 0.10% | 0.10% |
| 22 Month** | $500.00 | 2.37% | 2.40% |
| 2 Years | $500.00 | 0.10% | 0.10% |
| 30 Month*** | $500.00 | 2.52% | 2.55% |
| 3 Years | $500.00 | 0.25% | 0.25% |
| 4 Years | $500.00 | 0.30% | 0.30% |
| 5 Years | $500.00 | 0.40% | 0.40% |
Fees may reduce earnings. Minimum balance is $0.01 to earn interest. Penalty may be imposed for early withdrawal of principal. All quoted rates are subject to change without notice.
* At maturity, will be automatically renewed into a 1 Year CD. New funds not currently on deposit with Dime Bank only. Consumer customers must have a Dime Checking Account with a balance of at least $2,000.00 at time of account opening. Commercial customers must have a Dime Business Checking Account with a balance of at least $2,000.00 at time of account opening.
** At maturity, will be automatically renewed into a 2 Year CD.
*** At maturity, will be automatically renewed into a 3 Year CD.
**** Available to consumer and commercial customers. Must maintain a positive balance to earn APY. At maturity, will be automatically renewed into a 1 Year CD.
*****Available to consumer and commercial customers. Must maintain a positive balance to earn APY. At maturity, will be automatically renewed into a 1 Year CD.
All products with asterisks require consumer customers to have a Dime Bank consumer checking account. Commercial customers must have a Dime Bank business checking account.
|
Length
|
Minimum to Open
|
Interest Rate
|
Annual Percentage Yield
|
|---|---|---|---|
| 15 Month | $5,000.00 | 3.44% | 3.50% |
Not available for Retirement Funds. Fees may reduce earnings. Minimum balance is $0.01 to earn interest.
At maturity, will be automatically renewed into a 1 Year CD.
Penalty may be imposed for early withdrawal of principal. All quoted rates are subject to change without notice.
Consumer customers must have a Dime Bank consumer checking account. Commercial customers must have a Dime Bank business checking account.
Maximum deposit is $250,000.00.
During the initial term, you may make the following transactions on your account before maturity:
- Two (2) deposits not to exceed a total deposit balance of $250,000.00 and/or
- Two (2) penalty free withdrawals of principal, one of which may be used to bring the account balance to zero and close the account. In the event you make a withdrawal from your account, the withdrawal cannot be made until the seventh day after any deposit or partial withdrawal.
Certificate of Deposit rates are available for Individual Retirement Accounts except where expressly prohibited.
|
Term
|
Minimum To Open
|
Interest Rate
|
Annual Percentage Yield
|
|---|---|---|---|
| 2 Year Variable Retirement Account(1)(2) | $25.00 | Same as 182 day CD & subject to change on the last business day of every month. | Same as 182 day CD & subject to change on the last business day of every month. |
Fees may reduce earnings. Minimum balance is $0.01 to earn interest.
(1) Product only available for IRA funds. At maturity, will be automatically renewed into a 2 Year IRA CD.
(2) Penalty may be imposed for early withdrawal of principal. All quoted rates are subject to change without notice.
Dime Bank customers earn better rates on their accounts and loans. Contact us or visit a branch in CT and Westerly, RI to learn more.