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  Holiday Closing & Important Update
We will be closed on Saturday, July 4th in observance of Independence Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Normal business hours will resume on Monday, July 6th. Read More

Our financial centers are now reopened with regularly scheduled hours for lobby and drive-up service. Spencer customers will now have full access to the lobby area of all our financial centers. We understand there are still concerns when visiting public spaces, such as these. To ease such concerns we have implemented a number of new safety practices and protocols that you will notice upon visiting our financial centers, all of which are designed to ensure a safe and secure environment for everyone that visits our bank. 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!