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Savings & Money Market Accounts

Guide savings goals of all sizes with the right account option.

Statement Savings

Looking for a simple savings option to pair with your everyday checking account? Easily keep tabs on all your accounts with a single statement.

  • No monthly service charge
  • No minimum balance requirement
  • eStatements are optional

Effective Date: Sunday, August 25, 2019

Checking, Savings & Money Market Accounts

Minimum Daily Balance to earn APYInterest Rate APY*
$25.00 0.10% 0.10%

(Student Statement Savings Accounts are available only to students in participating elementary schools in conjunction with School Savings program; there are no monthly service fees.)

*The minimum balance required to earn the stated Interest Rate and Annual Percentage Yield (APY) on the Money Market Account is $2,500. If the balance is below $2,500 for any day, your account will earn our then current NOW Checking Account rate for that day. The minimum daily balance required to open accounts, earn interest and obtain the Annual Percentage Yield on the above accounts is $25 ($1 for Club Accounts and Student Savings).  For IRAs, the minimum balance required to open the account and obtain the APY is $100.00.

Interest is compounded monthly and credited on the last business day of each month. Fees could reduce the earnings of the account.

These are variable rate accounts where the interest rate and Annual Percentage Yield may change after the account is opened.

Preferred Savings

Elevate your savings strategy. The higher your balance, the better the rate you earn.

  • Tiered interest rates
  • No monthly service charge
  • $25.00 minimum balance requirement to earn interest

Effective Date: Sunday, August 25, 2019

Checking, Savings & Money Market Accounts

Minimum Daily Balance to earn APYInterest Rate APY*
$25.00 0.10% 0.10%

Club Savings

These accounts are often called "Goal Accounts" as customers use them to save throughout the year based upon an end-goal. Save throughout the year to prepare for holiday or even vacation-related expenses. In October, the balance of your holiday club account will be automatically transferred to your checking account or a check will be mailed to you, just in time for holiday shopping.

  • Open your account with as little as $1.00
  • Unlimited contributions
  • Save automatically by setting up direct deposit or an auto-transfer from another Dean Bank account

Effective Date: Sunday, August 25, 2019

Checking, Savings & Money Market Accounts

Minimum Daily Balance to earn APYInterest Rate APY*
$1.000.10%0.10%

(Student Statement Savings Accounts are available only to students in participating elementary schools in conjunction with School Savings program; there are no monthly service fees.)

*The minimum balance required to earn the stated Interest Rate and Annual Percentage Yield (APY) on the Money Market Account is $2,500. If the balance is below $2,500 for any day, your account will earn our then current NOW Checking Account rate for that day. The minimum daily balance required to open accounts, earn interest and obtain the Annual Percentage Yield on the above accounts is $25 ($1 for Club Accounts and Student Savings).  For IRAs, the minimum balance required to open the account and obtain the APY is $100.00.

Interest is compounded monthly and credited on the last business day of each month. Fees could reduce the earnings of the account.

These are variable rate accounts where the interest rate and Annual Percentage Yield may change after the account is opened.

Student Savings®

We are proud to sponsor this national school-based savings program in our local communities. This program teaches young children how to save and gives them the opportunity to do their banking at school.

  • Students at participating schools can open a statement savings account that has no monthly service charges or minimum balance requirements
  • Accounts are opened in the name of both the child and a parent or guardian
  • Interest is earned on all deposits
  • Statements are issued quarterly
  • Deposits may be made at any participating school or at any Dean Bank branch
  • Withdrawals can only be made at Dean Bank

Bellingham

  • Stall Brook Elementary School
  • DiPietro Elementary School

Franklin

  • Benjamin Franklin Classical Charter School
  • J. F. Kennedy Elementary School
  • Oak Street Elementary School
  • Parmenter Elementary School
  • Helen Keller Elementary School

Checking, Savings & Money Market Accounts

Money Market Accounts

Maintain easy access to your funds while earning money market interest rates.

  • Competitive rates
  • Maintain the low minimum balance requirement to avoid a monthly service charge

Effective Date: Sunday, August 25, 2019

Checking, Savings & Money Market Accounts

Minimum Daily Balance to earn APYInterest Rate APY*
$25.000.05%0.05%

(Student Statement Savings Accounts are available only to students in participating elementary schools in conjunction with School Savings program; there are no monthly service fees.)

*The minimum balance required to earn the stated Interest Rate and Annual Percentage Yield (APY) on the Money Market Account is $2,500. If the balance is below $2,500 for any day, your account will earn our then current NOW Checking Account rate for that day. The minimum daily balance required to open accounts, earn interest and obtain the Annual Percentage Yield on the above accounts is $25 ($1 for Club Accounts and Student Savings).  For IRAs, the minimum balance required to open the account and obtain the APY is $100.00.

Interest is compounded monthly and credited on the last business day of each month. Fees could reduce the earnings of the account.

These are variable rate accounts where the interest rate and Annual Percentage Yield may change after the account is opened.

Auto Transfer Savings

Take the guesswork out of routine saving. Set up automatic transfers from a Dean Bank checking account into your savings account.

  • Choose the amount you want to transfer
  • Select how often you want the transfer to take place