HOLIDAY CLOSING: Please note that Dedham Savings will be closing early on Tuesday, 12/24 at 1:00pm and will be closed for Christmas Day on Wednesday, 12/25. Remember that you can bank with us anytime via ATM, Online or Mobile Banking.

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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 icon

24/7 Online Banking

Mobile banking icon

Mobile Banking

Debit card icon

Debit & Credit Cards

Mobile wallet icon

Mobile Wallet

Wherever you’re at in your journey, we have an account for that.

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

OPEN AN ACCOUNT

$10

No

No

No

Yes

Yes

No

No

Statement Savings3

OPEN AN ACCOUNT

$10

No

No

No

Yes

Yes

Yes

Yes

Money Market Account (MMA)4

OPEN AN ACCOUNT

$10 – $1,000 depending on account

No

Yes

No

Yes

Yes

Yes

Yes

Certificate of Deposit (CD)5

OPEN AN ACCOUNT

$1,000

No

No

Yes

No

Yes

No

No

Start Up Savings1

OPEN AN ACCOUNT

Passbook Savings2

OPEN AN ACCOUNT

Statement Savings3

OPEN AN ACCOUNT

Money Market Account (MMA)4

OPEN AN ACCOUNT

Certificate of Deposit (CD)5

OPEN AN ACCOUNT

  1. APY (Annual Percentage Yield) accurate as of 9/30/24. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.