DimeDirect Money Market Account – 1.1% APY (Up To $500,000) Account Review

Dime Savings bank offers the DimeDirect Money Market account. This account earns 1.1% APY. Let’s take a quick look at the account.

The Basics

• 1.1% APY
• Minimum deposit of $1,000 required
• Only requirement is you have eStatements via Online Banking
• Available nationwide
• You can make up to 6 transactions monthly with no fees
• Limit of one account per household
• No monthly fees
• FDIC insured (remember only balances up to $250,000 are insured)

F.A.Q’s

Is it a soft pull?

Unfortunately they do a hard pull.

Can you fund with a credit card?

Unfortunately not.

Our Verdict

Unfortunately they do a hard pull for this account, this will kill the deal for most people. 1.1% APY is better than usually available for a basic savings account (e.g no requirements to get the rate), but you could get a cash sign up bonus on a credit card instead that will provide better value. You’d also probably be better off getting a checking sign up bonus with no hard pull.