Dedham Savings

Overview / Commentary

www.dedhamsavings.com

781-329-6700

55 Elm Street
Dedham, MA 02026

Dedham Savings is headquartered in DEDHAM and is the 23^rd largest bank in the state of Massachusetts. It is also the 508^th largest bank in the nation. It was established in 1831 and as of June of 2024, it had grown to 219 employees at 14 locations. Dedham Savings' savings rates are 10X the national average, and it has an A health rating.

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2009
2007

11/8 - 3.04% Reward Checking Account at a Massachusetts Bank (Dedham Savings)

4/25 - 5.38% 15-Month CD at a Massachusetts Bank (Dedham Savings)

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Health

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	23620
Year Established	1831
Employees	219
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.52%
Return on Equity - YTD	4.94%
Annual Interest Income	$55.2MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$2.36B$2.25B
Loans	Q2 2024vs Q2 2023	$1.86B$1.75B
Deposits	Q2 2024vs Q2 2023	$1.83B$1.68B
Equity Capital	Q2 2024vs Q2 2023	$252MM$234MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$10.5MM$8.4MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$10.6MM$14.6MM
Real Estate Owned	Q2 2024vs Q2 2023	$4.8MM$0

Rates

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Savings
Money Market
Checking
CD
IRA

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

Dedham Savings Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	$10	$1k	Start Up Savings- New money
OTHER TIERS: 0.05% → $1k+
0.05%	$10	-	Statement Savings
0.05%	$10	-	Passbook Savings

Dedham Savings Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%^*	$100k^*	$20m	Premium Money Market Account - New Money
OTHER TIERS: 0.05% → $10k - $100k
0.50%^*	$10k^*	$2m	Preferred Money Market - New Money
OTHER TIERS: 0.05% → $10 - $10k
0.05%	$10	-	Money Market

Dedham Savings Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$10	$10k	Interest Reward Checking
OTHER TIERS: 0.05% → $10k+
0.05%	$0	-	Check Rewards Cheking

Dedham Savings CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.50%	$1k	-	9 Month CD Special
3.75%	$1k	-	12 Month CD
3.75%	$1k	-	15 Month CD Special
3.51%	$1k	-	24 Month CD
3.51%	$1k	-	18 Month CD
3.00%	$1k	-	36 Month CD
3.00%	$1k	-	48 Month CD
3.00%	$1k	-	60 Month CD
3.00%	$1k	-	30 Month CD
1.00%	$1k	-	182 Day CD
0.50%	$1k	-	91 Day CD

Dedham Savings IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.50%	$100	-	9 Month IRA Special
3.75%	$100	-	12 Month IRA
3.75%	$100	-	15 Month IRA Special
3.51%	$100	-	24 Month IRA
3.51%	$100	-	18 Month IRA
3.00%	$100	-	36 Month IRA
3.00%	$100	-	48 Month IRA
3.00%	$100	-	60 Month IRA
3.00%	$100	-	30 Month IRA
1.00%	$100	-	182 Day IRA
0.50%	$100	-	91 Day IRA

Locations

Availability

Boston Area

Boston Area bank & credit union details

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