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Dime Direct’s CD Rates Yield up to 3.25% APR

Posted by: RateAPY Bank Rates News
March 22nd, 2010

Certificates of Deposit More Popular?

As the Federal Reserve signals its intention to keep rates exceptionally low “for an extended period”, the case for investing in certificates of deposit grows stronger. Generally speaking, CD rates are higher than those for savings, and money market accounts, but the downside is that your money is tied up for longer. However, this becomes less of an issue if interest rates are likely to remain low for a long time.

Dime Direct’s CD Rates

Dime Direct’s CD rates are currently an attractive choice. This Williamsbugh-based savings specialist, which is wholly owned and operated by Dime Savings Bank, is currently offering 3.25% APY on a five-year CD, and 2.25% APY on a three-year one.

Dime Savings Bank is one of New York’s oldest, and most respected banks, and has been in business since 1864.

Monitor the Market

Of course, if you’re going to commit to any multi-year investment, it’s absolutely essential that you first make sure that you’re getting the best possible deal. Compare CD rates now.