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  Coronavirus Update

We are offering a SBA Paycheck Protection Program to support our business customers. Read More

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. Among other forms of economic aid, the CARES Act provides businesses affected by COVID-19 with special assistance programs. One such Small Business Administration (SBA) program is the Paycheck Protection Program, which assists businesses with job retention and specific expenses. Spencer Savings Bank is proud to partner with FOUNTAINHEAD Commercial Capital / Small Business Finance, a top national SBA lender, to offer the Paycheck Protection Program for businesses in need. Click on the link below to fill out our short internal application form. After completing the form you will be directed to Fountainhead’s website with more information. Internal Application

When completing the application, on the Fountainhead website, please indicate Spencer Savings Bank as the FastTrack Partner, and as the Referral Partner’s email address.

BusinessEdge® Money Market

This account is designed for businesses that prefer to earn a higher rate of interest while still maintaining a level of liquidity. Tiered interest rates allow higher balances to grow faster. With a BusinessEdge® Money Market account, you can put your excess funds to work and still rest easy knowing that your money is safe and available when you need it.

BusinessEdge® Money Market features:

  • Free Online Banking
  • Limit of Six External Transfers per Cycle
  • Tiered Interest Rates Based on Account Balance
  • No Monthly Service Charge w/ $5,000 Daily Minimum Balance

Open Your Account Today

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