bank rates

Dime Bank Offers 6-Year Bump-Up CD

picture of the front of a dimeDime Bank has special 6-year bump-up CD rates for savers in southeastern Connecticut and southwestern Rhode Island.

We know, six years.

But it pays 2.00% APY with a $500 minimum deposit, and you can increase the rate once during the term.

Plus, it beats the top 60-month CD rate on our CD Rates Leaderboard by nearly a quarter of a percentage point.

Sadly, this is what it’s come down to for some savers to reach the 2.00% mark – 72 long months.

You have to live in the area Dime Bank serves to buy these certificates of deposit and do so in person – for now. Although most of Dime Bank’s CDs are available online, this one isn’t yet but should be soon, according to a bank representative.

Dime Bank has 11 locations in East Lyme, Ledyard Center, New London, Norwich, Stonington, Taftville and Uncasville, Conn., and Westerly, R.I.

Learn more about Dime Bank at or call 860-859-4300.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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