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Compare Savings Accounts

We offer several different types of savings accounts and will help you pick the one that's just right for you.

FEATURES

Start Up Savings

This special account is perfect for anyone working to build funds for their financial future and establish self-sufficiency.†

Statement or Passbook Savings*

Traditional savings accounts with a monthly statement or passbook available. 

Certificates of Deposit

Get our highest rates guaranteed for the term of your CD, from 3 months to 5 years.**  Come into the branch or open a 6 month, 12 month or 24 month CD online. Open all other CDs at one of our branch locations.

Great Rate Savings*

Get a higher rate and have ongoing access to your funds.              

All Star Savers

Designed for children to start-and their parents to encourage-the habit of saving.     

Money Market Accounts

Savings account with limited check writing abilities.***

Ability to view account in online bank

FREE ATM card

     

Unlimited in-branch, by mail and ATM deposits and withdrawals

     

Receive checks with account

         

Minimum balance to open

$25

$10

$1,000 ($100 IRAs)

$10

$10

$10

Minimum daily balance to earn interest

$25

$10

N/A

$10

$10

$10^

Children's incentives for saving

       

FREE gift for joining and for every deposit and special fun and educational events!

 
FEATURES

Start Up Savings

This special account is perfect for anyone working to build funds for their financial future and establish self-sufficiency.†

Ability to view account in online bank

FREE ATM card

 

Unlimited in-branch, by mail and ATM deposits and withdrawals

 

Receive checks with account

 

Minimum balance to open

$25

Minimum daily balance to earn interest

$25

Children's incentives for saving

 

Statement or Passbook Savings*

Traditional savings accounts with a monthly statement or passbook available. 

Ability to view account in online bank

FREE ATM card

Unlimited in-branch, by mail and ATM deposits and withdrawals

Receive checks with account

 

Minimum balance to open

$10

Minimum daily balance to earn interest

$10

Children's incentives for saving

 

Certificates of Deposit

Get our highest rates guaranteed for the term of your CD, from 3 months to 5 years.**  Come into the branch or open a 6 month, 12 month or 24 month CD online. Open all other CDs at one of our branch locations.

Ability to view account in online bank

FREE ATM card

 

Unlimited in-branch, by mail and ATM deposits and withdrawals

 

Receive checks with account

 

Minimum balance to open

$1,000 ($100 IRAs)

Minimum daily balance to earn interest

N/A

Children's incentives for saving

 

Great Rate Savings*

Get a higher rate and have ongoing access to your funds.              

Ability to view account in online bank

FREE ATM card

Unlimited in-branch, by mail and ATM deposits and withdrawals

Receive checks with account

 

Minimum balance to open

$10

Minimum daily balance to earn interest

$10

Children's incentives for saving

 

All Star Savers

Designed for children to start-and their parents to encourage-the habit of saving.     

Ability to view account in online bank

FREE ATM card

Unlimited in-branch, by mail and ATM deposits and withdrawals

Receive checks with account

Minimum balance to open

$10

Minimum daily balance to earn interest

$10^

Children's incentives for saving

 

Money Market Accounts

Savings account with limited check writing abilities.***

Ability to view account in online bank

FREE ATM card

Unlimited in-branch, by mail and ATM deposits and withdrawals

Receive checks with account

Minimum balance to open

$10

Minimum daily balance to earn interest

$10^

Children's incentives for saving

 

†APY (Annual Percentage Yield) accurate as of 4/1/19. $25 minimum opening deposit. Account must be opened with funds not currently on deposit at Dedham Savings. 5.00% APY for balances of $0 to $1,000. 0.05% APY for balances over $1,000. Rates guaranteed until 12/31/19, and subject to change thereafter. Limit of six (6) automated or preauthorized transfers each statement cycle. A fee may be assessed for exceeding these limits. Online statements required. One account per customer. Limited time offer.

* Transaction limitations include 6 automated transfers or preauthorized transfers each statement cycle (monthly) from your account. A fee may be assessed for exceeding these limitations.

**A penalty may be imposed for early withdrawal. Fees may
reduce earnings.

*** Limited check writing capabilities includes a combination of six checks to third parties, automated transfers or preauthorized transfers each monthly statement cycle. A fee may assessed against your account for exceeding these limitations.  

^Maintain a minimum daily balance of $1,000 each statement cycle to receive the Money Market rate and avoid the monthly charge.  If your balance falls below $1,000, you will earn Dedham Savings N.O.W. account rate until such time as the minimum is met once again.  See fee schedule for more details.