Dean Co-operative Bank

Overview / Commentary

www.deanbank.com

508-528-0088

21 Main Street
Franklin, MA 02038

Dean Co-operative Bank is headquartered in FRANKLIN and is the 79^th largest bank in the state of Massachusetts. It is also the 1,904^th largest bank in the nation. It was established in 1889 and as of March of 2023, it had grown to 70 employees at 4 locations. Dean Co-operative Bank's money market rates are 2X the national average, and it has a B+ health rating.

Reviews (1)

Write a Review

Great Local Bank

Posted by: EMTT | Dec 16, 2016

Dean Bank has been a pleasure to work with. Their customer service has always been above my expectations. In fact, not too long ago, I had to make several deposits, cash in savings bonds, transfer money, and speak with a manager to help me out on an account question in one trip. Even though it was a long process, they were nice to work with the entire time and guided me through the process. In addition, I use their mobile banking system and frequently check their mobile app. The app is easy to use and a great way to check in on account information. I have both a checking and savings account with Dean Bank and I am able to make transfers from one account to another from the palm of my hand. I have been using Dean Bank for 4 years and have not had any issues yet. I would recommend this bank to anyone in the local area.

Comment

Health

B+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	27269
Year Established	1889
Employees	70
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.3%
Return on Equity - YTD	5.15%
Annual Interest Income	$3.8MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$444.4MM$446.6MM
Loans	Q1 2023vs Q1 2022	$299.6MM$285.2MM
Deposits	Q1 2023vs Q1 2022	$398.6MM$412.9MM
Equity Capital	Q1 2023vs Q1 2022	$27.1MM$29.7MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$3.2MM$3.2MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$422.00K$839.00K
Real Estate Owned	Q1 2023vs Q1 2022	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Dean Co-operative Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Dean Co-operative Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.17%^*	$45k^*	-	Preferred Savings
OTHER TIERS: 0.07% → $25 - $15k \| 0.12% → $15k - $30k \| 0.15% → $30k - $45k
0.12%	$100	-	Variable Rate IRA Savings
0.07%	$25	-	Passbook Savings
0.07%	$25	-	Statement Savings
0.07%	$1	-	Student Savings
0.07%	$1	-	Club Account
0.07%	$1	-	Dean Bank Holiday Club Account
0.07%	$25	-	Business Savings Account

Dean Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$500k^*	-	Premium Money Market
OTHER TIERS: 0.07% → $25 - $100k \| 0.09% → $100k - $250k \| 0.15% → $250k - $500k
0.15%^*	$100k^*	-	Preferred Money Market
OTHER TIERS: 0.07% → $25 - $25k \| 0.09% → $25k - $50k \| 0.12% → $50k - $100k
0.09%^*	$2.5k^*	-	Money Market Account
OTHER TIERS: 0.05% → $25 - $2.5k
0.09%^*	$2.5k^*	-	Business Money Market Account
OTHER TIERS: 0.05% → $25 - $2.5k

Dean Co-operative Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%^*	$25^*	$3k	All Access Checking
OTHER TIERS: 0.07% → $3k+
0.05%	$25	-	NOW Checking Account
0.05%	$25	-	Municipal Checking
0.05%	$25	-	Non-Profit Checking

Dean Co-operative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.64%	$1k	-	15 Month CD Special
4.40%	$1k	-	5 Month CD Special
4.40%	$1k	-	Business 5 Month CD Special
4.00%	$1k	-	19 Month Bump-Up CD Special
2.00%	$500	-	48 Month CD
2.00%	$500	-	60 Month CD
2.00%	$500	-	Business 48 Month CD
2.00%	$500	-	Business 60 Month CD
1.50%	$500	-	30 Month CD
1.50%	$500	-	36 Month CD
1.50%	$500	-	Business 36 Month CD
1.50%	$500	-	Business 30 Month CD
1.25%	$500	-	18 Month CD
1.25%	$500	-	24 Month CD
1.25%	$500	-	Business 18 Month CD
1.25%	$500	-	Business 24 Month CD
1.00%	$500	-	12 Month CD
1.00%	$500	-	Business 12 Month CD
0.50%	$500	-	6 Month CD
0.50%	$500	-	Business 6 Month CD
0.25%	$500	-	3 Month CD
0.25%	$500	-	Business 3 Month CD

Dean Co-operative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.64%	$500	-	15 Month Fixed Rate IRA Special
2.00%	$500	-	48 Month IRA
2.00%	$500	-	60 Month IRA
2.00%	$100	-	Business 48 Month IRA
2.00%	$100	-	Business 60 Month IRA
1.50%	$500	-	30 Month IRA
1.50%	$500	-	36 Month IRA
1.50%	$100	-	Business 30 Month IRA
1.50%	$100	-	Business 36 Month IRA
1.25%	$500	-	18 Month IRA
1.25%	$500	-	24 Month IRA
1.25%	$100	-	Business 18 Month IRA
1.25%	$100	-	Business 24 Month IRA
1.00%	$500	-	12 Month IRA
1.00%	$100	-	Business 12 Month IRA

Locations

Dean Co-operative Bank Locations
Dean Co-Operative Bank	21 Main St	Franklin, MA 02038
Mendon Branch	32 Hastings Street	Mendon, MA 01756
Pulaski Branch	411 Pulaski Boulevard	Bellingham, MA 02019
Blackstone Branch	8 Main Street	Blackstone, MA 01504

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.