The DimeDirect Money Market Account from Dime Savings Bank is available nationwide.
For those of you who are new to the finance world, a money market account is simply a savings account that allows you to earn higher interest than that of a regular savings account. These accounts require a much higher minimum balance than basic savings accounts. If you are thinking about opening a money market account, Dime Savings Bank now offers its Dime Direct Money Market account nationwide.
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Dime Savings Account Features
Dime Savings Bank has served New York for over 150 years.
- Open an account in just minutes
- $1,000 minimum balance to open
- Up to 6 withdrawals per month
- No monthly fees
- Free online and mobile banking
- FDIC insured
If you have questions about the logistics, Dime Savings Bank has answers to frequently asked questions, terms and conditions as well as ways to contact a bank representative directly.
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Hello Mr. Phan … great article. I have enjoyed reading your pieces. I wanted to let you know that I opened up a Money Market Account from Dime after reading this. One slight update though – their rate is not limited to one year anymore (I called and verified this with their Customer Service Department before opening it up online). They said its ongoing. She also mentioned that balances over $500K also receive the 1.10% (its in the fine print). Don’t know how they are doing it, but I can’t find another brick and mortar bank with a rate this high. Doesn’t matter – my money is working for me. Thanks for allowing me to share.