2.50% APY cd interest rates for 9-month certificate deal with Dime Savings Bank
Posted on February 5th, 2010
Dime Savings Bank is pushing for their top cd rates offered through their 9-month CD special with current interest rates at 2.50% APY. This money in the bank deal requires an initial deposit of at least $500 and has a ceiling of $50,000. New money is required to enjoy the best cd rates.
The fine print of the certificate of deposit deal states that the to enjoy the highest cd rates, the consumer must also open a Dime Rewards Checking account or a Prime Dime Rewards Checking Account. You also need to perform certain transactions or add some activities to an existing prime checking or rewards checking account. You can learn more about the requirements if you call the bank through 1-800-321-3463.
The promo page is still up and the you can click on it from their home page.
This certificate of deposit special is similar to the $300 checking account bonus they offered back in 2009. If you can put in about $50K as an investment, you will be earning around $937 in just 9 months. Take note that they do a hard credit inquiry when you open an account.
The checking accounts required for the CD special are not high yield checking accounts but they also do not require use of a debit card. They do require use of the online bills payment system and direct deposit every month. You need to meet the requirements or you might be asked to close the account.
The Prime Dime checking account can earn as much as 0.75% APY for balances $50K or more. This checking account requires $5,000 to avoid any monthly fees.
The Dime rewards checking account is not interest bearing and requires $2,500 balance to avoid a $12 monthly fee.
Dime Savings Bank also offers competitive long term certificates of deposit. The current interest rates for their 5-year CD is 3.25% APY while the 3-year CD earns 2.25% APY. These good investment opportunities are available nationwide. It will be best to call the bank with regard to the details of these CDs. The numbers that we have here are still accurate as of February 7.
Dime Savings Bank has braches across the New York metro. The bank has excellent financial ratings. Both Bankrate.com and BauerFinancial issued 4 stars for soundness and safety. They have been indexed with the FDIC since 1943 with certificate number 16012.
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Tags: Bank, Dime Savings, Dime Savings Bank, Savings Bank
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