DimeDirect CD

  • Guaranteed fixed rate for 15 months
  • Low minimum balance to open ($500)
  • No monthly fees
  • Free online/mobile banking & eStatements
  • Safe and secure, FDIC-insured
  • Open account in just minutes

Grow your money confidently with a great guaranteed rate!


At Dime, you earn a great rate on CDs.

It's that simple!

With the DimeDirect 15-Month-CD Account, there are no hoops to jump through or strings attached.
Just a great rate from a bank you can trust.

How Dime compares:


*All bank rates and the national average are based on the APY average for 12-month certificate of deposits with a minimum balance of $10,000 offered by the Top 50 U.S. Banks (ranked by total assets) as reported by SNL and are effective as of 09/01/2018. Rates are only as accurate as the information reported to SNL by the banks.


Still have questions? We have answers.

What's the difference between a CD and a traditional savings account?
A certificate of deposit generally yields higher interest rates than a traditional savings account because you agree to a fixed time period before accessing your funds again. This allows the bank to use your assets during that time so that it can pay you a higher rate when the time period is up.
What is the minimum deposit?
At Dime, all it takes is $1,000 to open a DimeDirect 24 Month CD.
How soon can I access funds I've placed in a CD?
Depending on the terms of the CD you've chosen, you can access your funds in as little as three months, or wait as long as 84 months to withdraw funds. This particular promotion is for 15 months.
Do I need a Dime savings account to open a Dime CD?
Nope. The only requirement is that you receive eStatements via Online Banking.
What is an average interest rate for a CD?
Depending on the term of the investment, a CD can expect to earn anywhere from .10% to 1.26% APY. The Dime 24-Month CD is currently at 2.10% APY. In general, the longer the term, the better your rate will be.
What if I need to take money out? Are there penalties or fees?
Yes. If you need to withdraw money early from your CD, you’ll incur a penalty. Accounts with terms of more than 6 months to 1 year will lose 3 month's simple interest. The penalty will be calculated on the amount withdrawn at the interest rate the account is earning at the time the early withdrawal is processed.
Is my money insured?
Yes. As a Dime customer, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 per depositor. Your money is safe with us.

Open an account in just minutes!


All DimeDirect CDs include:

Free Online Banking.

Free Mobile Banking (iOS and Android).

Free 24-hour automated phone service.

Terms & Conditions

1 A $500 minimum balance is required to open this account (maximum of $250,000). You must maintain an average daily balance of $500 to earn the Annual Percentage Yield (APY) on this special account offering. As of 01/13/2018, the APY is 2.10%. Premature withdrawal is subject to penalty and fees may reduce earnings. Dime reserves the right to cancel or modify this offer at any time without notice and to reduce the number of accounts opened. Must have Dime Online Banking to use Dime Mobile Banking. Dime Mobile Banking App is available for select mobile devices. Mobile Banking is a free service from Dime. However, your mobile carrier may charge for data and text message usage. eStatement service is also required. FDIC-insured on balances up to $250,000.


With 150 years experience in the banking world, you know your finances are safe with Dime. We're proudly based in New York, yet equipped to serve all our customers, no matter where you live.


5 Star Superior Rating from

BauerFinancial's Recommended Report