New York based bank Dime Savings Bank is offering attractive 3.75% Yield on their 5-Year CD.  The offer is available nationwide with $500 minimum opening deposit.

Dime Savings Bank has branches in New York City and Long Island in the following areas: Bay Ridge, Bayside, Bellmore, Bensonhurst, Boro Park, Brooklyn Heights, Flushing, Glen Oaks, Greenpoint, Hillcrest, Jackson Heights, Kings Highway, Long Island City, Marine Park, Merrick, Midwood, Port Washington, Soundview, Sunnyside, Valley Stream, Westbury, Whitestone, Williamsburg

Dime Savings Bank is offering 3.25% APY if you open a 18 month IRA CD account.  Not sure why Dime Savings Bank calls it IRA CD account, as money deposited into IRA are generally not available until you turn 59.5 years of age.  A minumum deposit of $500 is required to open the account.  Deadline for 2008 IRA contribution is April 15, 2009.

Dime Savings Bank is a regional bank and headquartered in the New York Metro area.

[Editor’s advice] If you’re over 58 or if you’re going to tap the IRA to buy your first primary home or fund your college tuition, should you open this IRA account.  If not, early termination/withdrawal will result in 10% IRS penalty.