Dime Savings Bank continues to offer competitive cd interest rates especially for their long-term certificate of deposit deals. The top cd rates that are very attractive in today’s market include:

2 Years 2.00% APY
3 Years 2.75% APY
5 Years 3.35% APY

These best cd rates can be enjoyed when you open their certificate of deposit with a minimum deposit of $500. The rates that we have here are accurate as of November 18. These interest rates may change any time without notice.

Consumers who want to enjoy Dime’s highest cd rates can fill up an application online. All you have to do is provide your personal information and fund the account by sending in a check or via ACH. The bank will verify your account and send you the details after 3 banking days upon receipt of the initial funding.

The cd interest rates will lock when you submit your application. Earnings are compounded on a daily basis and credited to your account every month and upon maturity. The bank charges six months of interest for early withdrawals. They give account holders 10 days of grace period when the account reaches its maturity.

This money in the bank deal is offered nationwide. If you want to know more about their products and services, you can call them through 1800-321-DIME.

12-month IRA CD special with current cd rates at 2.50% APY

We also got a tip from one of our readers that Dime Savings Bank is also offering an IRA Certificate of Deposit with current interest rates of 2.50% APY for a 12-month term. This IRA CD also requires at least $500 to open. This is not listed on the bank’s website.

We contacted the customer service line and verified this offer. Interested consumers can open this IRA CD by calling their hotline so the bank can send you the application form. There is no need for a branch visit but you can also visit one for a faster processing time. The CSR also informed us that the account holder can make additional IRA contributions until maturity and you will still be able to enjoy the locked in rate.

Dime Savings Bank has branches spread across the metro area of Greater New York.

The bank has some strong financial ratings. Bankrate.com and BauerFinancial both issued 4 stars when they reviewed its soundness and safety. The ratings were based on their June 2009 financial data.

Dime Savings Bank is covered by the FDIC with certificate number 16012. They have been a member of FDIC since 1943.