FBI Sees Rise in Fraud Schemes Related to the Coronavirus (Covid-19) PandemicMarch 30, 2020

Fraud Computer Hacking

Scammers are leveraging the COVID-19 pandemic to steal your money, your personal information, or both. Don’t let them. Protect yourself and do your research before clicking on links purporting to provide information on the virus, donating to a charity online or through social media, contributing to a crowdfunding campaign, purchasing products online, or giving up …

FDIC Says Insured Bank Deposits Are SafeMarch 30, 2020

FDIC Insurance Pig

The FDIC (Federal Deposit Insurance Corporation) recently sent out a press release in which they state that in light of recent developments related to the coronavirus, the Federal Deposit Insurance Corporation (FDIC) is reminding Americans that FDIC-insured banks remain the safest place to keep their money. Since 1933, no depositor has ever lost a penny …

Coronavirus Update – Revised Financial Center HoursMarch 30, 2020

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Spencer Savings Bank is committed to the safety, health and well-being of its employees and customers. We continue to monitor the COVID-19 situation which is continuously evolving. Please know that as a critical part of the nation’s economy, banks play an essential role and it is our mission to continue to service our customers. We …

Save For Retirement While Enjoying Tax BenefitsFebruary 26, 2020

Elderly Couple at beach

Retirement savings seems complicated, but it doesn’t have to be. Opening an IRA (Individual Retirement Account) and contributing to it regularly can create a secure retirement scenario for your future. There are two types of IRAs, Traditional and Roth, and with both options money contributed grows on a tax-deferred basis. For 2019, you can make …

Celebrate National Cut Your Energy Costs DayJanuary 24, 2020

Woman waving money and looking up. Having an environmentally friendly idea with an energy saving flourescent light bulb floating above her head.

We all know that energy costs can be expensive. January 10th was National Cut your Energy Costs Day. To celebrate, we’ve compiled some tips you may want to follow to help you save some extra money monthly by trimming your utility bills. Installing Smart Thermostats A smart thermostat is a temperature control device that allows …

7 Ways to Help Your Business Grow FasterJanuary 13, 2020

scale businessman

At some point in your company’s evolution, you may realize that it isn’t growing as robustly as you would like it to. If your business has been growing more slowly than you would like, there are ideas that you can use to speed up growth. What follows are 7 ideas. Streamline your business Growth and …

Last Minute Year-End Moves To Slash Your Tax BillDecember 20, 2019

Young African American couple

The end of the year will be here before you know it, and after that tax time will be right over the horizon. The steps you take now, before year-end, could have a profound impact on your tax bill when April rolls around. Time is running short, but you can still take steps to lower …

Ways To Give Back During The HolidaysDecember 18, 2019

Giving Tuesday

This month, the nation celebrated “Giving Tuesday”, a global generosity movement unleashing the power of people and organizations to transform their communities and the world. It is a day that inspires and encourages people to give, collaborate and celebrate generosity. The holidays are a great time for this, though that sentiment is often easily lost …

Avoid Overspending This Holiday SeasonNovember 20, 2019

Girl Christmas

With the holidays upon us, shopping for loved ones has already started. Holiday spending, this year, is expected to rise 5%. This will amount to more than $1.1 trillion during the retail sector’s most lucrative and important season. Around 53% of all holiday shopping is expected to be done digitally, with 20% of purchases expected …