Dime Savings Bank is advertising a 4.10% interest rate on either a one year CD or money market account.  The one year CD requires a minimum $500.00 to open the account and receive the advertised yield.  The money market account has a 4.10% APY that is guaranteed for 3 months on balances up to $100,000.00.  After the Guaranteed APY period has elapsed, the account will become a regular Rewards Passbook Money Market tiered rate account in which the interest rate and APY will vary with the balance.  As of 12/02/08, the Annual Percentage Yield (APY) on accounts with balances of $75,000 or more is 3.25%; $50,000-$74,999.99, the APY is 2.75%; $25,000-$49,999.99, the APY is 2.50%; $1,000 – $24,999.99, the APY is 1.10%; and under $1,000 the APY is 0.50%.

The Dime Savings Bank of Williamsburgh is a community oriented financial institution providing financial services and loans for housing within the banks market areas.  The bank maintains its headquarters in the Williamsburgh section of the borough of Brooklyn, and has twenty additional offices in the boroughs of Brooklyn, Queens, the Bronx, and in Nassau County as well a customer call center entitled Dime Direct.  Dimedirect.com is wholly owned and operated by Dime Savings Bank.  It is an interactive web site dedicated to providing customers with direct access to the banks most current, high interest deposit rates.

Dime Savings Bank offers a variety of different money market accounts, certificates of deposit, which are available as both a passbook or statement account, and home loan products.  Dime is also a leader in the commercial loan industry.  The bank lending professionals working in the commercial property marketplace assist businesses in securing loans with a variety of terms and loan amounts.  The bank offers loans in the 5 boroughs of New York, Long Island, New Jersey and the following New York Counties: Westchester, Putnam, Rockland and Orange.

The bank gathers deposits primarily from the communities and neighborhoods in close proximity to its branches.  The Bank’s deposits are insured up to the maximum allowable amount by the Deposit Insurance Fund of the Federal Deposit Insurance Corporation.  Dime Savings Bank can be reached at 800-321-3463, its website can be found at www.dimewill.com.

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