Statement Savings Account

You want to watch your savings grow. Even though you have fond memories of your very first passbook savings account, the convenience of tracking your account by statement is what’s right for you now.

Here’s how a statement savings works:

  • Receive a monthly statement to keep track of all your savings transactions. Or if it’s more convenient, sign up for an electronic statement through our online banking service.
  • Pair it with a Dedham Savings checking account and save more by transferring any excess funds from your checking directly to your savings account.*

How do I get added convenience?

  • Arrange for direct deposit to your account.
  • Get a FREE ATM card to be used at ATMs nationwide.
  • Enjoy unlimited in-branch or ATM deposits and withdrawals.
  • Access your account online, transfer funds between accounts,* and check to see your interest posted.

If this is the way you want to start saving, click here to open your statement savings account.

*You may make (6) automated transfers or preauthorized transfers each statement cycle (monthly) from your account. A fee may be assessed against your account for exceeding these limitations.