Dedham Savings is headquartered in Dedham and is the 27th largest bank in the state of Massachusetts. It is also the 550th largest bank in the nation. It was established in 1831 and as of June of 2019, it had grown to 213 employees at 14 locations. Dedham Savings' savings rates are 10X the national average, and it has an A health rating.
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Pretty Good
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!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23620 |
| Year Established | 1831 |
| Employees | 213 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 10.39% |
| Annual Interest Income | $30.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.53B$1.46B |
| Loans | Q2 2019vs Q2 2018 | $1.15B$1.11B |
| Deposits | Q2 2019vs Q2 2018 | $1.23B$1.24B |
| Equity Capital | Q2 2019vs Q2 2018 | $179.7MM$163.7MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $7.6MM$6.9MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $2.7MM$2.9MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $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.
Dedham Savings Savings Account Rates
Dedham Savings Money Market Rates
Dedham Savings Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $10 | $10k | Interest Reward Checking | ||
| OTHER TIERS: 0.05% → $10k+ | |||||
| 0.05% | $10 | - | CheckPlus Checking | ||
| 0.05% | $10 | - | NOW Checking | ||
