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.
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.
Kickstart your savings and reach your goals faster with one of our best rates
Record transactions the old-fashioned way, with a free passbook
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 |
|---|---|---|---|---|---|---|---|---|
Start Up Savings1 | $25 | Yes | Yes | No | Yes | Yes | Yes | No |
Passbook Savings2 | $10 | No | No | No | Yes | Yes | No | 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 |
|---|
Start Up Savings1 |
Passbook Savings2 |
Statement Savings3 |
Money Market Account (MMA)4 |
Certificate of Deposit (CD)5 |
- APY (Annual Percentage Yield) accurate as of 7/1/24. 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 12/31/24, 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.
- Minimum 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.
- Minimum 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.
- APY = Annual Percentage Yield. 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.
- 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.