Retirement Savings Accounts

Keep your money growing
Smart, reliable retirement savings plans you can count on

Make your money work for you, open a retirement savings account with Dime. Talk to one of our bankers about your financial goals and plans for the future and we can suggest the right kind of retirement account for you. We offer Traditional IRAs, Roth IRAs, and other savings options to help make your future exactly how you dreamed it.

IRA Advantages

With a traditional IRA, you contribute pretax income toward investments that can grow tax-deferred. This means you pay taxes on money only when you make withdrawals. You may also deduct your contributions from your tax return, depending on eligibility. This account is best for those who: 

  • Are looking for tax deductions now

  • Aren't eligible for a Roth IRA because income is high

  • Are expecting to be in a lower tax bracket when they retire

  • Beginning tax year 2020, there is no age limitation for a Contribution to a Traditional IRA

  • Beginning tax year 2020, the Traditional IRA participants have to begin to remove their required minimum distribution in the tax year when they attain age 72.

Roth IRA Advantages

With a Roth IRA, you make contributions with after-tax money that can grow tax-free. By paying taxes on your money right away, you don't have to worry about taxes on your Roth IRA later. This account is best for those: 

  • Required minimum distribution doesn't pertain to a Roth IRA.

  • Want tax-free withdrawals.

IRA Rates

Certificates of Deposit & IRA Rates
Account Name Interest Rate APY1
3 Month 0.10% 0.10%
5 Month 0.40% 0.40%
6 Month 0.10% 0.10%
9 Month 0.20% 0.20%
12 Month 0.20% 0.20%
13 Month 0.40% 0.40%
14 Month 0.40% 0.40%
15 Month 0.40% 0.40%
16 Month 0.40% 0.40%
18 Month 0.40% 0.40%
24 Month - 2 Year 0.45% 0.45%
30 Month 0.50% 0.50%
36 Month - 3 Year 0.50% 0.50%
48 Month - 4 Year 0.55% 0.55%
60 Month - 5 Year 0.70% 0.70%
84 Month - 7 Year 0.70% 0.70%
Still have questions?

We’re ready to help get you started. We can set up an appointment, or you can drop by a neighborhood branch to learn more and open an IRA account. Want to talk to us by phone? Give us a call at 1-800-321-3463.

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With Roth IRAs, earnings can be distributed tax-free if the Roth IRA holder made the first Roth IRA contribution at least five years ago AND has attained age 59½.

<sup>1</sup>APY = Annual Percentage Yield.