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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.

Start Earning the Interest You Deserve Today!

Kasasa Cash

High Yield Checking

Choose the checking account that pays you a high rate of interest to do your everyday banking. Don’t let your balance go unrewarded.

  • Free Checking Account
  • ATM Fee Refunds (Monthly Limit of $25)
  • No Minimum Balance to Earn Rewards

Today’s Rates

Open Your Account Today

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


*APY = Annual Percentage Yield. The following interest rate of 3.20% with an APY of 3.25% will be paid only for that portion of your daily balance that is $25,000 or less. An interest rate of 0.30% with an APY ranging from 0.30% to 3.25% depending on the balance in the account will be paid only for that portion of your daily balance that is more than $25,000. Rates may change after account is opened and are subject to change without notice. Fees may reduce earnings on the account. APY’s are accurate as of 11/1/19. The following interest rates and APYs will be paid provided that the Kasasa Cash Checking qualification requirements are met within the corresponding statement cycle. If you do not meet the qualification requirements for a statement cycle, your account will still function as a checking account earning 0.05% APY; however, it will not receive ATM fee refunds for that statement cycle. No minimum account balance required, however, you must deposit a minimum of $100 to open this account. Available to personal account holders only. No monthly service charges. Nationwide ATM fees up to $25 monthly will be refunded, provided qualification requirements are met. All qualifying transactions must post and clear your account within one statement cycle. To earn 3.25% APY and ATM fee refunds, per statement cycle you must: (a) conduct at least 12 debit card purchases which post and clear your account within one statement cycle; (b) receive at least one ACH direct deposit or process at least one automatic debit which posts and clears your account within one statement cycle; (c) establish and maintain a Spencer Online Banking relationship; and (d) elect to receive your monthly account statements via Online Banking. ATM transactions do not qualify as debit card transactions. Available to individuals who live or work in NJ. Kasasa Cash and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A. Click here for monthly qualification cycle information.