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- Dime Money Market Account
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The DimeDirect Money Market Account from Dime Savings Bank is available nationwide and currently offers a 1.35% APY.
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.
Dime Savings Bank APY Offer: 1.35%
The biggest advantage of opening one of these accounts is the annual percentage yield (APY). Accounts that have balances of up to $500,000 will earn the highest rate. That definitely should be the maximum to hold in the account since balances over $500,000 drop significantly in rate (0.20% APY).
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.
Like all good things, there are limits. In this case, the 1.35% APY is a variable rate and can change at any time. The best way to take full advantage of this account is to keep the balance under $500k. Balances that surpass the $500K limit only receive .20% APY.
In terms of Savings/Money Market accounts, HSBC Direct, CIT Bank and BBVA offer popular options. You may also want to take a look at these Savings/Money Market bonus offers, including a great one from Chase Bank.
- CIT Bank Promotions: Online Money Market Account 1.85% APY Offer
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Chase Coupon Promo Codes: $200, $300, $350, $500 – September 2018
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- Synchrony Bank Online Savings, CD, Money Market Promotions
- Online HSBC Direct Savings Rate Offer: 2.01% APY (Available Nationwide)
- Popular Direct Online Savings And CD Account Promotions
- Marcus By Goldman Sachs Online Savings & CD Offers, Promotions
- Barclays Bank Promotions: Savings And CD Account Offers, Bonuses
- Salem Five Bank Checking, Savings, CD Promotions