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What are you saving for? Whether it’s college tuition, a first home, or retirement, we’ve got an account to help you save for what’s next — while earning you great interest in the meantime. And with online and mobile banking, you’ll always have easy access to your statement accounts. Saving smart doesn’t have to be hard.

Check out the benefits

24/7 Online Banking

Mobile Banking

Top Market Rates

Full Deposit Insurance

You Save the Memories. We’ll help you save for the rest.

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

Start Up Savings1

OPEN AN ACCOUNT

$25

Yes

Yes

No

Yes

Yes

Yes

No

Passbook Savings2

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$10

No

No

No

Yes

Yes

No

No

Statement Savings3

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$10

No

No

No

Yes

Yes

Yes

Yes

Money Market Account (MMA)4

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$10 – $1,000 depending on account

No

Yes

No

Yes

Yes

Yes

Yes

Certificate of Deposit (CD)5

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$1,000

No

No

Yes

No

Yes

No

No

Start Up Savings1

OPEN AN ACCOUNT

Passbook Savings2

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Statement Savings3

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Money Market Account (MMA)4

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Certificate of Deposit (CD)5

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  1. APY (Annual Percentage Yield) accurate as of 1/1/20. $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 12/31/20, 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 customer. 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.
  2. Minimum deposit to open account is $10. 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.
  3. Minimum deposit to open account is $10. 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.
  4. APY = Annual Percentage Yield. Minimum deposit to open account is $10. $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. 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.
  5. Minimum deposit to open account 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.

Ready to open an account?

Click here to get started.