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  Important Information
Financial Center Updates & Important Information Read More

Beginning Monday, March 15th the bank will resume full service status to our lobby areas with normal business hours. (No appointments are needed). Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility. Financial Center Locations

We remain committed to do our part to ensure our community stays healthy during the COVID-19 pandemic. Spencer is creating a safe and secure environment for all who visit. Please take a few moments to review the safety protocols listed here prior to visiting us. 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!