Important Notice
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  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

Learn about all the ways Spencer is creating a safe and secure environment. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman and CEO. Read More

Tenant Security Account

Spencer works closely with landlords and managing agents to maintain their Tenant Security Accounts. Tenant rent security deposits are managed by linking interest-bearing tenant accounts with a master checking account. The landlord is responsible for passing along the interest earned on the account to the tenant. This grouping of accounts is used for apartment complexes and multiple dwellings with a minimum of 10 units.

Property Management Account features:

  • Property Management Checking Account
  • $100 Minimum Opening Deposit
  • Spencer Provides Landlord w/Annual Notices and Interest Checks for the Tenants

Tenant Sub-Account features:

  • Statement Savings Account
  • $100 Minimum Opening Deposit
  • No Monthly Service Charge
  • Variable Rate of Interest
  • Issuance of Appropriate Tax Forms, Including 1099s

Open Your Account Today

Visit your local Financial Center, or call us at 1-800-363-8115 today!