The 5.00% CD rate is back! Dime Direct is offering a promotional 6 month CD that yields 5.00%.  To qualify for this promo CD rate you will need to open a Prime Dime Checking Account. The offer is only available in New York, New Jersey and Connecticut.

The minimum opening deposit for the CD account is $500 and the maximum deposit is $100,000. Funds deposited in the account must be “new money” and can not be transferred from an existing Dime Account. Dime Direct is part of Dime Savings Bank of Williamsburgh ( Brooklyn ) New York which was establish in 1864.

The Prime Dime Checking Account can be opened with a minimum deposit of $1.00. There is a $15.00 monthly fee if your checking account balance falls below $5,000. To qualify for the CD rate you must also do the following transactions in the checking account.  Have a monthly recurring direct deposit of a payroll check, pension check or government benefit or use the online bill payment service at least once per month.

Dime Direct Bank 6 Month CD Rate Application