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  Important Update
We are here for you. Important Updates Regarding Coronavirus. Read More

Our financial centers are now reopened. Learn about all the ways Spencer is creating a safe and secure environment for all its visitors. Read More

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

FDIC Deposit Insurance

FDIC

Spencer Savings Bank, as a member of the FDIC, wants you to know that your deposits are protected at the maximum level available. By operation of federal law, beginning on January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning on January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information on FDIC insurance, please visit the FDIC website at www.fdic.gov, stop by any of our 21 branch offices or contact Customer Service at (800) 363-8115.