High Yield Savings
Sit back, relax, and earn 3.50% APY
You work hard for your money. Isn’t it time it worked hard for you? With a minimum deposit of $20,000, our new High Yield Savings1 account maximizes your cash while keeping it accessible for when you need it most.
The Perks
3.50% APY
Yep. That’s an interest rate you can get behind. Reach your goals faster with big returns on balances between $20,000 and $2,500,000.
Fully Insured Deposits
With this account, you can rest insured. Unlike most banks and credit unions, your funds are insured in full up to any amount.
Higher Rates for Higher Balances
Get a great APY1, and watch it increase along with your savings.
Easily Access Your Account
Access your funds 24/7 with our free, easy-to-use digital banking options.
- Annual Percentage Yield (APY) and rate subject to change without notice. Rate may change after the account is opened. Fees could reduce earnings on account. Must be opened with a minimum of $20,000 in new funds not already on deposit with Dedham Savings. 3.50% APY as of 03/31/2025 is the preferred interest rate on your account. This is based on a minimum balance of $20,000.00 up to $2,500,000. For balances under $20,000.00 or over $2,500,000 the interest rate of 0.05% with an APY of 0.05% will be paid on the entire balance. Maximum deposit amount of $2,500,000 per household. Deposits are insured up to current FDIC (Federal Deposit Insurance Corporation) limits and by the DIF (Depositors Insurance Fund) for all additional balances, up to any amount.
I’m ready to open an account!
We’re so glad you’ll be joining the family. We’re here for your journey, and we can’t wait to support you along the way. Open your account online or stop by one of our branches to get started.
Not sure yet?
That’s okay. If you’ve got questions, we’ve got answers. Let us know how we can help you with opening a High Yield Savings account.
Start Up Savings
Designed for first-time savers, this account helps you save faster. Way faster. At 5.00% APY1 on your first $1,000, you’ll reach those goals before you know it.
Free & Easy Checking
Keep things simple with unlimited ATM rebates, 24/7 online and mobile banking, and no monthly fees. Get all the benefits you need, without any of the hassle you don’t.