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Checking Account Options

At Dedham Savings, we’ve designed our Checking accounts to suit your everyday banking needs. We can help you choose the option that might work best for you. And, every Checking account comes with Online Banking, Bill Pay, Mobile Banking, Mobile Deposit, instant-issue Debit Cards, and many other digital tools that help you manage your money from anywhere. Let’s get started!

FEATURES

Student Checking*

Works best for a teen or young adult opening a first Checking Account

Free & Easy Checking**

Works best for someone who wants a free account and the ability to use any ATM anywhere

Interest Rewards Checking***

Works best for someone who wants to earn a high rate of interest, will use ATMs, and banks electronically

Check Rewards Checking****

Works best for someone who wants to earn interest, will keep higher balances, and wants unlimited free checks

Minimum to open

$10

$25

$50

$100

Free 24/7 Online & Mobile Banking

Earns Interest
View Rates

   

Free use of any SUM or AllPoint ATM

Free Non-Dedham Savings ATMs

ATM Rebates (refund of ATM fees charged by other banks)

Unlimited

Unlimited, with direct deposit & Online Statements

Up to $25 per month, for qualified accounts

 

Additional benefits

$50 high school graduation bonus

   

Free Checks, Free Money Orders, Travel Club, $20 Annual Safe Deposit Box Discount, Special CD Rate Offers

Monthly service charge

$0

$0

$0

$20

Requirements to avoid charge

     

$10,000+ combined balances

Online statements required

   

Other requirements

$50 opening deposit to receive Debit Card

$50 opening deposit to receive Debit Card

12+ debit purchases, 1 direct deposit or auto debit, and online statements to earn rewards

 
FEATURES

Student Checking*

Works best for a teen or young adult opening a first Checking Account

Minimum to open

$10

Free 24/7 Online & Mobile Banking

Earns Interest
View Rates

 

Free use of any SUM or AllPoint ATM

Free Non-Dedham Savings ATMs

ATM Rebates (refund of ATM fees charged by other banks)

Unlimited

Additional benefits

$50 high school graduation bonus

Monthly service charge

$0

Requirements to avoid charge

 

Online statements required

 

Other requirements

$50 opening deposit to receive Debit Card

Free & Easy Checking**

Works best for someone who wants a free account and the ability to use any ATM anywhere

Minimum to open

$25

Free 24/7 Online & Mobile Banking

Earns Interest
View Rates

 

Free use of any SUM or AllPoint ATM

Free Non-Dedham Savings ATMs

ATM Rebates (refund of ATM fees charged by other banks)

Unlimited, with direct deposit & Online Statements

Additional benefits

 

Monthly service charge

$0

Requirements to avoid charge

 

Online statements required

Other requirements

$50 opening deposit to receive Debit Card

Interest Rewards Checking***

Works best for someone who wants to earn a high rate of interest, will use ATMs, and banks electronically

Minimum to open

$50

Free 24/7 Online & Mobile Banking

Earns Interest
View Rates

Free use of any SUM or AllPoint ATM

Free Non-Dedham Savings ATMs

ATM Rebates (refund of ATM fees charged by other banks)

Up to $25 per month, for qualified accounts

Additional benefits

 

Monthly service charge

$0

Requirements to avoid charge

 

Online statements required

Other requirements

12+ debit purchases, 1 direct deposit or auto debit, and online statements to earn rewards

Check Rewards Checking****

Works best for someone who wants to earn interest, will keep higher balances, and wants unlimited free checks

Minimum to open

$100

Free 24/7 Online & Mobile Banking

Earns Interest
View Rates

Free use of any SUM or AllPoint ATM

Free Non-Dedham Savings ATMs

ATM Rebates (refund of ATM fees charged by other banks)

 

Additional benefits

Free Checks, Free Money Orders, Travel Club, $20 Annual Safe Deposit Box Discount, Special CD Rate Offers

Monthly service charge

$20

Requirements to avoid charge

$10,000+ combined balances

Online statements required

 

Other requirements

 

*Student Checking Account available for ages 16-24. Account will revert to Free & Easy Checking at age 25. To receive graduation bonus a graduation diploma or certificate (dated no sooner than six months from account opening) must be presented at any Dedham Savings location and account must be open for 6 months before bonus is deposited into Student Checking Account. Bonus will be deposited to account upon presentation of certificate or diploma. No minimum balance to obtain bonus. A 1099 will be issued for tax reporting purposes. One offer per customer. ATM rebates applied no later than following day of transaction. **Free & Easy Checking Account ATM rebates are applied at end of monthly statement cycle. To qualify for ATM rebates, you must have online statements and direct deposit. A direct deposit is a recurring deposit of a paycheck, pension, Social Security, or other regular monthly income, electronically deposited by an employer or outside agency into your account. ***Interest Rewards Checking APY (Annual Percentage Yield) accurate as of July 1, 2019 and paid on qualified accounts. $10.00 minimum balance required to earn APY. 1.00% APY paid on balances up to $10,000; 0.05% APY paid on balances of $10,000.01 and over. APY subject to change without notice. To receive rewards, you must complete the following each qualification cycle: receive online statements, make 12+ posted and cleared debit card purchases, and have at least 1 posted and cleared direct deposit or ACH auto debit. A qualification cycle means a period beginning 2 days prior to the last statement cycle through 3 days prior to the current statement cycle. ATM rebates applied at end of monthly statement cycle for qualified accounts. Fees may reduce earnings on account. One account per customer. ****Check Rewards Checking APY accurate as of July 1, 2019. $10 minimum balance required to earn 0.05% APY. APY subject to change without notice. Fees may reduce earnings on account. Free standard checks or $10 credit toward custom check reorder.