Deposit Rates
Effective: 11/17/08
Deposit Account Agreement
Savings & Checking |
|
All quoted rates are subject to change without notice. |
|
|
Balance to Earn Interest |
Interest Rate |
APY |
|
Savings Account
Minimum Balance to Open: $25.00 |
$20.00 - $4,999.99 |
0.10% |
0.10% |
|
$5,000.00 - $24,999.99 |
0.10% |
0.10% |
|
$25,000.00 - $49,999.99 |
0.25% |
0.25% |
|
$50,000.00 balance and up |
0.25% |
0.25% |
|
Money Market Savings Account
Minimum Balance to Open: $25.00 |
$20.00 balance up to $4,999.99 |
0.10% |
0.10% |
|
$5,000.00 - $24,999.99 |
0.10% |
0.10% |
|
$25,000.00 - $49,999.99 |
0.40% |
0.40% |
|
$50,000.00 and up |
0.60% |
0.60% |
|
Dime A+ Savings Account*
Minimum Balance to Open: $25.00 |
$20.00 balance up to $4,999.99 |
0.10% |
0.10% |
|
$5,000.00 - $24,999.99 |
0.10% |
0.10% |
|
$25,000.00 - $49,999.99 |
0.40% |
0.40% |
|
$50,000.00 and up |
0.60% |
0.60% |
|
Corporate Daily Access Savings
Minimum Balance to Open: $25.00 |
Up to $24,999.99 |
0.25%
|
0.25%
|
|
$25,000.00 up to $99,999.99 |
0.50%
|
0.50%
|
|
$100,000.00 up to $249,999.99 |
1.00%
|
1.00%
|
|
$250,000.00 up to $499,999.99 |
1.24%
|
1.25%
|
|
$250,000.00 up to $499,999.99 |
1.24%
|
1.25%
|
|
Health Savings Account (HSA)
Minimum Balance to Open: $25.00 |
$20.00 balance up to $4,999.99 |
0.10%
|
0.10%
|
|
$5,000.00 up to $14,999.99 |
0.10%
|
0.10%
|
|
$15,000.00 and up |
0.10%
|
0.10%
|
|
Money Market Checking Account
Minimum Balance to Open: $25.00 |
$20.00 balance up to $4,999.99 |
0.10% |
0.10% |
|
$5,000.00 up to $24,999.99 |
0.10% |
0.10% |
|
$25,000.00 up to $49,999.99 |
0.15% |
0.15% |
|
$50,000.00 and up |
0.15% |
0.15% |
|
Sweep MMDA**
|
$20.00 balance up to $24,999.99 |
0.25%
|
0.25%
|
|
$25,000.00 up to $99,999.99 |
0.75%
|
0.75%
|
|
$100,000.00 up to $249,999.99 |
1.00%
|
1.00%
|
|
$250,000.00 up to $499,999.99 |
1.00%
|
1.00%
|
|
$500,000.00 and up |
1.00%
|
1.00%
|
|
Money Management Checking Account
Minimum Balance to Open: $500.00
Minimum check amount: $500.00
Free order of 30 checks |
Up to $24,999.99 |
0.25%
|
0.25%
|
|
$25,000.00 up to $99,999.99 |
0.50%
|
0.50%
|
|
$100,000.00 up to $249,999.99 |
1.00%
|
1.00%
|
|
$250,000.00 up to $499,999.99 |
1.24%
|
1.25%
|
|
$500,000.00 and up |
1.24%
|
1.25%
|
|
Corporate Daily Access Savings Account, which is
offered to Businesses and Non-Profit Organizations,
offers the same rate and tier structure as the Money Management
Checking Account. Both have a $25.00
minimum opening deposit and a $20.00 minimum balance to earn interest. |
Certificate of Deposit*** |
|
|
Minimum to open |
Interest Rate |
APY |
|
30 Days |
$500.00 |
0.50% |
0.50% |
|
91 Days |
$500.00 |
1.74% |
1.75% |
|
6 Months |
$500.00 |
1.98% |
2.00% |
|
7 Months |
$500.00 |
3.20% |
3.25% |
|
1 Year |
$500.00 |
2.96% |
3.00% |
|
1 1/2 Year |
$500.00 |
2.96% |
3.00% |
|
2 Years |
$500.00 |
2.96% |
3.00% |
|
2 1/2 Years |
$500.00 |
3.44% |
3.50% |
|
3 Years |
$500.00 |
3.20% |
3.25% |
|
4 Years |
$500.00 |
3.68% |
3.75% |
|
5 Years |
$500.00 |
3.92% |
4.00% |
|
5 Year Bump Up**** |
$500.00 |
2.96% |
3.00% |
|
5 Year Dime A+ CD* |
$500.00 |
4.16% |
4.25% |
Individual Retirement Account***
|
|
Certificate of Deposit accounts listed above are available for
IRA Investments. |
|
|
Minimum to open |
Interest Rate |
APY |
|
2 Year Variable Retirement |
$100.00 |
Interest rate is that of 6 month CD & changes on the last business
day of every month. |
"APY" or Annual Percentage Yield assumes principal and interest
remain on deposit for one year at the stated interest rate.
* Customers must have an active Dime A+ checking account to be eligible.
See a Customer Service Representative for Dime A+ Account details and
requirements.
** Must maintain an active commercial checking account.
*** Penalty may be imposed for early withdrawal of principal. All quoted
rates are subject to change without notice.
**** Within the initial CD term, you may ask for a one-time rate increase
in the event the current 5 year Bump Up CD offering increases. The rate
increase will increase the APY. The maturity date of your CD will not
change.
Maintenance and activity fees are not included in any of the above
APYs and may reduce earnings.
For more information, please call or visit your local Dime Bank Branch. |
|
Corporate |
East Lyme |
Ledyard |
Montville |
New London - Bank St |
|
860-859-4300 |
860-739-2192 |
860-464-8925 |
860-848-0659 |
860-437-4366 |
|
New London - ShopRite |
Norwich |
Norwichtown |
Taftville |
Westerly |
|
860-437-6222 |
860-889-2318 |
860-892-4047 |
860-887-0554 |
401-596-4744 |
|
