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 www.dime-bank.com 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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