Dedham Savings is headquartered in Dedham and is the 30th largest bank in the state of Massachusetts. It is also the 574th largest bank in the nation. It was established in 1831 and as of September of 2020, it had grown to 209 employees at 14 locations. Dedham Savings' savings rates are 10X the national average, and it boasts 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 | |
---|---|
FDIC Certificate # | 23620 |
Year Established | 1831 |
Employees | 209 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.9% |
Return on Equity - YTD | 7.79% |
Annual Interest Income | $45.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $1.72B$1.53B |
Loans | Q3 2020vs Q3 2019 | $1.32B$1.14B |
Deposits | Q3 2020vs Q3 2019 | $1.47B$1.29B |
Equity Capital | Q3 2020vs Q3 2019 | $197.0MM$183.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $9.5MM$7.7MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $2.0MM$2.8MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $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 | |
---|---|---|---|---|---|
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 | |
---|---|---|---|---|---|
0.75%* | $10 | $10k | Interest Reward Checking | ||
OTHER TIERS: 0.05% → $10k+ | |||||
0.05% | - | - | Check Rewards Cheking |