1.30% APY* DimeDirect Statement Savings Account

  • Low minimum balance to open ($1,000)
  • Safe and secure, FDIC-insured up to $500,000
  • No service charges
  • Open account in just minutes

Earn a great rate on your savings balances. No strings attached!


At Dime, you earn a great rate on savings.

It's that simple!

With the DimeDirect Statement Savings 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 savings accounts with a minimum balance of $2,500 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.

Statement Savings Account FAQs

Still have questions? We have answers.

How are withdrawals and deposits facilitated on the DimeDirect Statement Savings account?
Withdrawals and deposits are made via Dime's External Transfer Service available through your Dime Online Banking profile. In addition to Dime's External Transfer service, you may also be able to utilize any similar type services available through other financial institutions online banking services by setting up your DimeDirect Statement Savings account number with them.
How is the DimeDirect Statement Savings account different from other savings accounts?
Dime offers a higher interest rate and APY on our DimeDirect Statement Savings account.
How much do I need to open an account?
Open a DimeDirect Statement Savings Account in just minutes with as little as $1,000.
What is the interest rate and how is it different from the APY?
The interest rate is an annual rate of interest without taking into consideration the compounding of interest. The Annual Percentage Yield (APY) does take into consideration the effect of compounding interest. For more details regarding the interest rate and APY for this account, please see the Terms and Conditions.
Are there fees or service charges associated with an account?
There are no monthly maintenance charges with this account and no minimum balance requirements.
How often is interest compounded?
Interest is compounded daily and credited at the end of the month.
How do I contact you? Do you have physical branches?
Yes! The Customer Support Center is available at 1-800-321-DIME (3463). If you're in the neighborhood, Dime Community Bank operates 28 branches throughout the New York metropolitan area in Brooklyn, Queens, the Bronx, and Nassau.

Open an account in minutes with as little as $1,000!

All DimeDirect Statement Savings Accounts include:

Free Online Banking.

Free Mobile Banking (iOS and Android) with check deposit from your phone.

Free 24-hour automated phone service.

Terms & Conditions

1 A $1,000 minimum balance is required to open this account (maximum $500,000). The interest rate and Annual Percentage Yield (APY) for all balances are established at our discretion, are variable, and are subject to change at any time without notice or limit. As of 10/24/2017, the APY is 1.30%. Dime reserves the right to cancel or modify this offer at any time without notice and to reduce the number of accounts opened. There are no monthly balance fees, but any other fees assessed may reduce the earnings on the account. 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