Savings Accounts
Here for the best moments of your life (and the most expensive).
Whether you’re saving up for your dream wedding, first home, or college education, we’re here to help you get there. That’s why we’ve got a variety of high-interest savings accounts for you to choose from. We’ll help you find the one that’s best for you — and your money.
Your deposits are also insured in full up to any amount, through our combined FDIC and DIF insurance coverage. So, your savings grow securely as you’re on your way to a nice financial future.
Check out the benefits
24/7 Online Banking
Mobile Banking
Debit & Credit Cards
Mobile Wallet
Wherever you’re at in your journey, we have an account for that.
Earn a top rate with easy access to your funds when you need them.
Kickstart your savings and reach your goals faster with one of our best rates
Stay on top of your money with a monthly statement to keep you in the loop
Enjoy a high rate without giving up access to your funds
Put your money to work with a guaranteed interest rate and yield for a set time period
Account Type | Minimum to Open an Account | Online Statements Required | Tiered Interest Rate | Guaranteed interest for set term | Access funds anytime without penalty | Access statement account via free 24/7 Online & Mobile Banking | Make Deposits with Mobile Deposit | Access account via ATM |
|---|---|---|---|---|---|---|---|---|
High Yield Savings1 | $20,000 | No | Yes | No | Yes | Yes | Yes | No |
Start Up Savings2 | $25 | Yes | Yes | No | Yes | Yes | Yes | No |
Statement Savings3 | $10 | No | No | No | Yes | Yes | Yes | Yes |
Money Market Account (MMA)4 | $10 – $1,000 depending on account | No | Yes | No | Yes | Yes | Yes | Yes |
Certificate of Deposit (CD)5 | $1,000 | No | No | Yes | No | Yes | No | No |
Account Type |
|---|
High Yield Savings1 |
Start Up Savings2 |
Statement Savings3 |
Money Market Account (MMA)4 |
Certificate of Deposit (CD)5 |
1APY = Annual Percentage Yield. Rate subject to change without notice. Rate may change after the account is opened. Fees could reduce earnings on account. Must be opened with a minimum of $20,000 in new funds not already on deposit with Dedham Savings. 3.50% APY as of 09/30/2025 is the preferred interest rate on your account. This is based on a minimum balance of $20,000.00 up to $2,500,000. For balances under $20,000.00 or over $2,500,000 the interest rate of 0.05% with an APY of 0.05% will be paid on the entire balance. Maximum deposit amount of $2,500,000 per household. Deposits are insured up to current FDIC (Federal Deposit Insurance Corporation) limits and by the DIF (Depositors Insurance Fund) for all additional balances, up to any amount.
2APY = Annual Percentage Yield. Rate accurate as of 9/30/25. Minimum deposit of $25 required to open 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 12/31/25, and subject to change thereafter. Online statements required within 30 days of account opening, or account will revert to standard Statement Savings account at 0.05% APY for all balances. One account per client. Limited time offer. Fees may reduce earnings. Deposits are insured up to current FDIC (Federal Deposit Insurance Corporation) limits and by the DIF (Depositors Insurance Fund) for all additional balances, up to any amount.
3Minimum deposit of $10 required to open account. Fees may reduce earnings. Deposits are insured up to current FDIC (Federal Deposit Insurance Corporation) limits and by the DIF (Depositors Insurance Fund) for all additional balances, up to any amount.
4APY = Annual Percentage Yield. Rate subject to change without notice. Rate may change after the account is opened. Minimum deposit of $10 required to open account. $5.00 fee imposed every statement cycle if minimum daily balance for cycle falls below $1,000. Does not apply to Preferred Money Market Account or Premium Money Market Account. Fees may reduce earnings. Deposits are insured up to current FDIC (Federal Deposit Insurance Corporation) limits and by the DIF (Depositors Insurance Fund) for all additional balances, up to any amount.
5APY = Annual Percentage Yield. Minimum balance to open account and earn stated APY is $1,000. A penalty may be imposed for early withdrawal. Fees and/or penalties may reduce earnings. Deposits are insured up to current FDIC (Federal Deposit Insurance Corporation) limits and by the DIF (Depositors Insurance Fund) for all additional balances, up to any amount.
Don’t know where to start? We’re here to help.
When it comes to saving, the hardest part is building healthy spending habits — and breaking your online shopping obsession. Here are some resources to get you started:
Ready to open an account?
Great! Get started with the link below. Not sure which account you need? We’d love to walk you through it.