The Dime Bank offers many different ways to help you save for your future. Whether it is planning for your children’s college, preparing for retirement or just saving for a rainy day, The Dime Bank is sure to have a savings vehicle that is right for you!
| Account Type |
Free Services & Extras |
Opening Balance |
Minimum Balance Requirement |
Monthly Service Charge |
| STATEMENT SAVINGS |
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$1.00 |
$100 |
$2.00 if minimum balance requirement is not maintained |
- FREE debit card
- FREE Internet banking
- FREE telephone banking
- Earn more money on higher balances with tiers beginning at $100, $2,500 and $25,000
- Federal Regulation: Limit of six (6) transfers per statement cycle by phone, Dime on Line, Pay on Line, preauthorized transfers, checks, automatic clearing house items to third parties, or point of sale purchases using your debit card. Unlimited transactions in branch and at an ATM.
|
| KIDS SAVINGS |
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$1.00 |
none |
none |
- FREE debit card
- FREE Internet banking
- FREE telephone banking
- Tiered interest rates starting with as little as $5.00
- Federal Regulation: Limit of six (6) transfers per statement cycle by phone, Dime on Line, Pay on Line, preauthorized transfers, checks, automatic clearing house items to third parties, or point of sale purchases using your debit card. Unlimited transactions in branch and at an ATM.
|
CERTIFICATES OF DEPOSIT
(CDs) |
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$2,500 |
$2,500 |
none |
- Maximum flexibility with terms ranging from 3 to 60 months
- Regular CDs - Low minimum balance requirements of $2,500
- Choice CDs - Low minimum balance requirements of $1,000
- Convenient automatic renewals eliminate the need for extra bank visits
- With our Certificate of Deposit Account Registry Service, CDARS®, customers can obtain up to $50 million in FDIC insurance on CDs with The Dime Bank
- The Dime Bank is not accepting Certificates of Deposit from financial institutions or brokers and reserves the right to refuse any CD money from business entities and individuals who do not enjoy a full banking relationship with The Dime Bank.
|
| COVERDELL EDUCATION 529 |
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$1,000 |
$1,000 |
none |
- An excellent way to save for a beneficiary's elementary, secondary and/or higher education
- Earnings grow tax free when used for qualified education expenses such as tuition, room and board, books & supplies, computers, uniforms and transportation
- Contributions may be made until the beneficiary's 18th birthday and distributions may be taken until their 30th birthday
|
INDIVIDUAL RETIREMENT ACCOUNTS
(IRA) |
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$1,000 |
$1,000 |
none |
- Two secure FDIC insured ways to save for your retirement: Roth and Traditional.
- Club IRAs available with low minimum opening balance of $100 with one time penalty free transfer to another Dime Bank IRA account.
|
| Holiday Club |
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$1.00 |
|
none |
- FDIC insured
- Unlimited deposits
- Interest compounding quarterly
|
