Dime Savings Bank is promoting a new checking account and CD account combination that offers one of the highest CD rates for a short term CD for those customers that also open a new checking account with the bank. This CD rate and checking account bank deal is one of the best bank rate promotions on the market.
The bank deal from Dime Savings Bank offers a 1.65 percent CD rate on a ten month CD for those customers that open one of two checking Dime checking accounts and meet certain conditions with the accounts.
The bank deal requires that a new bank customer open either a Prime Dime Rewards Checking account or the Dime Rewards Checking account to obtain the high rate CD. In addition to opening one of the two checking accounts, there are certain conditions that must be met with the checking accounts. The conditions for the checking account require monthly recurring direct deposit of payroll, pension or a government benefits or the monthly use of Dime Savings Bank’s online banking bill payment services.
The Dime Savings Bank 10 month CD with an interest rate of 1.65% APY has these basic requirements, though other conditions may exist:
New bank customer must open either a Prime Dime Rewards Checking or Dime Rewards Checking account, there is a $500.00 minimum opening deposit for the bank CD and a $100,000.00 maximum deposit. Direct deposit or online bill payment with the checking accounts is required. The bank deal is limited to one account per household.
The Dime Savings Bank Prime Dime Rewards Checking is a interest bearing checking account in which the interest rates that will vary with the account balance. The checking account interest rates are variable rates that are established at the bank’s discretion and are subject to change at any time. The Dime Rewards Checking is a non-interest-bearing checking account. The minimum deposit to open either checking account is $1.00. There is a $15 monthly fee on the Prime Dime Rewards Checking if the average daily balance falls below $5,000.00. There is $12.00 monthly fee on the Dime Rewards Checking if the average daily balance falls below $2,500.00.
With an average daily balance of $5,000.00 on the Prime Dime Rewards Checking or $2,500.00 on the Dime Rewards Checking account, account holders can avoid monthly foreign ATM transaction fees and receive reimbursement of monthly ATM surcharges up to $10.00 per statement cycle.
These Dime Savings Bank accounts are available nationwide. The bank accounts can be opened online or by phone. Other terms and conditions may apply to the bank checking account and certificate of deposit. Dime reserves the right to modify or terminate this offer at any time. This offer is limited to one account per household. The bank deal is for new customers only.
A bank representative at Dime Savings Bank can be reached at 1-800-321-3463.
For more information on checking account promotions please see Checking Account Promotions.
For more information on the best CD rates available nationwide by term refer to the following pages; 3 month CD rates, 6 month CD rates, 1 year CD rates, 2 year CD rates and 5 year CD rates.
To see more information on the best online banks refer to best online bank and to see some of the current best online savings accounts see best online savings account.
Tags: bank checking account, bank deal, certificate of deposit, checking account interest rates, checking accounts, Dime Savings Bank, highest CD rates, online banking
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