Savings Account Comparison

Use this chart to help you determine which type of savings account is right for you. Already know which account is right for you? Open a Savings account online!

AccountDescription FeaturesBenefitsAdd-on On Account Opening

Statement or Passbook Savings*

  • Designed for people who want to save in the traditional way with a convenient monthly statement or passbook to keep track of their transactions
  • Earn interest on deposits
  • Unlimited in-branch or ATM deposits and withdrawals
  • Statement account comes with monthly overview of account activity
  • For statement accounts:
  • FREE ATM card
  • FREE ATM transactions in the U.S. and no fees when other banks surcharge*
  • FREE debit/point of sale transactions
  • FREE online access to your account with Your Link Basic
  • Direct Deposit
  • Couple with any checking account and receive a combined statement
  • $10 minimum daily balance to earn interest
  • For Statment Accounts: *Transaction limits apply

Certificates of Deposit (CDs)

  • Designed for savers who want the highest rates and do not require ongoing access to their funds
  • Guaranteed rates for the term of your CD
  • Terms of 3 months to 5 years
  • Interest can be automatically transferred to another Dedham Savings account
  • On balances of $5,000.00 or more, interest may be paid to you by check
  • Couple this with a checking or savings account to receive interest electronically
  • Schedule a visit with our Investment Center to learn how to make the most of your savings
  • $1,000 deposit to establish a CD
Great Rate Savings*  
  • Designed for those who want access to their funds AND want a higher rate
  • Tiered rates with highest rate on deposits $50,000 and over
  • Receive monthly statement
  • Unlimited in-branch transactions
  • Online access to account with Your Link Basic
  • Free ATM card
  • Couple this with your checking account to easily move funds and maximize returns.
  • Schedule a visit with our Investment Center to learn how to make the most of your savings
  • $10 minimum daily balance to earn interest
  • *Transaction limits apply
All-Star Savers
  • Designed for children to start (and parents to encourage) the good habit of saving money
  • Earns interest
  • All-Star Savers special passbook
  • Receive a FREE gift for joining
  • More gifts as your account grows
  • Bank tours, educational, and fun events
  • Look forward to turning 13 and get your very own FREE ATM  card
  • Open an account with just $10
Holiday Account
  • Designed as an easy and convenient way to save for the holiday
  • Make deposits in any amount all year long
  • Earns interest
  • Partial withdrawals are allowed Oct 1 – Jan 31
  • Couple with a checking account so when you go shopping, you can use your Debit Card
  • Open with just $10
  • Contribute as much or as little as you’d like—weekly, monthly or whenever you’d like
Money Market Accounts**
  • Designed as a savings with limited** check writing capabilities
  • Earn higher rates than on statement or passbook accounts
  • Receive checks with account
  • Monthly charge of $5.00 waived with minimum daily balance of $1,000
  • Limited checking writing availability
  • No penalties to use or move funds
  • Couple this with a visit to the Investment Center
  • Unlimited withdrawals by mail, in person ar at any ATM
  • Six (6) automated or preauthorized transfers or checks to third parties each statement cycle
* Transaction limitations include 6 automated transfers or preauthorized transfers each statement cycle (monthly) from your account. A fee may be assessed for exceeding these limitations.
** Limited check writing capabilities includes a combination of six checks to third parties, automated transfers or preauthorized transfers each monthly statement cycle. A fee may assessed against your account for exceeding these limitations