Dedham Savings is headquartered in DEDHAM and is the 24th largest bank in the state of Massachusetts. It is also the 517th largest bank in the nation. It was established in 1831 and as of March of 2023, it had grown to 215 employees at 14 locations. Dedham Savings' savings rates are 10X the national average, and it has an A health rating.
I opened an account at a branch, and it was very easy. Getting the ATM card took about two weeks, so a bit on the long side. But website & online bill pay is very easy to set up and use.
Best of all, I'll be done with my big bank soon.
Ah...freedom!
Overall | |
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FDIC Certificate # | 23620 |
Year Established | 1831 |
Employees | 215 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.74% |
Return on Equity - YTD | 7.03% |
Annual Interest Income | $22.6MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $2.18B$1.94B |
Loans | Q1 2023vs Q1 2022 | $1.68B$1.41B |
Deposits | Q1 2023vs Q1 2022 | $1.71B$1.70B |
Equity Capital | Q1 2023vs Q1 2022 | $230.6MM$216.0MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $8.3MM$10.0MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.4MM$1.8MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Dedham Savings; 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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5.00%* | $10 | $1k | Start Up Savings- New money | ||
OTHER TIERS: 0.05% → $1k+ | |||||
0.05% | $10 | - | Statement Savings | ||
0.05% | $10 | - | Passbook Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.00%* | $10 | $10k | Interest Reward Checking | ||
OTHER TIERS: 0.05% → $10k+ | |||||
0.05% | - | - | Check Rewards Cheking |