Certificates of Deposit
Maximize your returns for a better future. Get a low-risk, maximum return Certificates of Deposit (CDs) at your local Dime branch. Secure, FDIC-insured investment accounts, CDs provide a guaranteed fixed interest rate for a specified term — the longer the term, the better the rate.
Benefits of investing in a CD Account include:
Interest compounded daily, credited monthly and at maturity
Various terms from three months to 84 months
A grace period of 10 calendar days to renew
No monthly fees
Free online and mobile banking
$500 minimum to open
Certificates of Deposit FAQs
Like a standard Statement Savings account, a CD helps you earn more money by paying interest on your funds. It differs from a savings account in that you agree to a preselected term to deposit your funds in the bank. Different CDs vary in their fixed deposit periods. At Dime, deposit periods range from as few as three months to as many as seven years, and at Dime (and in general), the longer the deposit period, the higher the interest rate for your CD.
All you need to open a certificate of deposit at Dime is $500 and a few minutes to stop by a branch to open your new account. Even if you don’t have an existing checking or savings account with Dime, you can still invest your money quickly and easily in a secure CD. A bank representative will help you create your account and advise on the deposit term based on your individual financial goals and situation.
CDs are a great way to jump-start your savings goals, especially if you have a lump sum of money saved that you know you won't need to access for a certain length of time. Great for recent graduates who have some initial savings, or monetary gifts that can be grown even more by waiting a short period to use the funds, CDs provide a low-risk savings option to help all kinds of savers reach their goals more quickly. Whether it's a signing bonus from starting that new job or an unexpected windfall, a certificate of deposit is an easy way to grow your savings without having to think about it.
By opening a CD Account, you get free online banking and bill pay with Dime. Sign up to enjoy the flexibility, convenience and security you need.