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  Coronavirus Update

Spencer Savings Bank is committed to the safety, health and well-being of its customers and employees. Read More

Spencer Savings Bank is committed to the safety, health and well-being of its customers and employees. As the country continues to deal with the impact of the Coronavirus (COVID-19), we want to take a moment to assure the community that we are closely monitoring the situation which is continuously evolving.

In response to the latest situation regarding this public health crisis, we are temporarily modifying how we conduct business at our financial centers to help minimize the potential spread of the virus. Effective Monday, March 30, 2020, we will be providing lobby service in our financial centers by appointment only. To make an appointment, please call the financial center between the hours of 9:00am – 5:00pm, Monday – Friday and 9:00am – 1:00pm on Saturday. Financial centers with a drive-up facility will continue to operate as usual during the same hours listed above, Monday- Saturday. In the best interest of the public health, if you need to process a teller transaction and your financial center has a drive-up facility, we are asking you to process all teller transactions at the drive-up only. Please know that every effort is being taken to ensure that the bank is able to meet all of your needs while we continue to follow the recommendations from the health authorities.

In addition to taking extra precautions to maintain the cleanliness of our bank locations, we continue to update and educate employees on virus information, as well as reduce employee contact. Please know that the bank has a Pandemic Plan in place with procedures and guidelines for the staff to follow to continue with all business activity.

We would like to take this opportunity to remind customers that most banking transactions do not require a visit to an office. Spencer offers a variety of ways to access your accounts and manage your money without having to visit a financial center. Banking can continue from the comfort of your own home. Most transactions can be handled with a call to our Customer Service Center, with your mobile device, online or at an ATM. Many locations also offer drive through features. All of these options reduce public interaction for both the customer and employee. If you want to explore any of these options, please call your local financial center or our Customer Service Center at 1-800-363-8115.

We also urge all customers to be extra vigilant during this time as there are increased incidents of fraud surrounding the virus announcement. The FDIC has released educational articles regarding this topic with more information.

This is a fluid and evolving situation. We will continue to update you with any new information that becomes available. Our customers are the heart of our business. Thank you for giving us the opportunity to continue to serve you. Together, we will all take the necessary precautions to successfully manage through this difficult time.

Kasasa Monthly Qualification Cycle

Cycle Date Information – The following dates apply to your Kasasa Cash Back and/or Kasasa Cash account. Our Monthly Qualification Cycle dates are not the same as our Statement Cycle dates. To qualify for your account’s rewards, all of the transactions and activities identified within the Qualification Information section must post and settle to your Kasasa Cash Back and/or Kasasa Cash account within these Monthly Qualification Cycle dates. Please see chart below:

Monthly Qualification Cycle Statement Cycle
Month Year Begin End Begin End
February 2020 01/31/2020 02/27/2020 02/01/2020 02/29/2020
March 2020 2/28/2020 03/30/2020 03/01/2020 03/31/2020
April 2020 03/31/2020 04/29/2020 04/01/2020 04/30/2020
May 2020 04/30/2020 05/28/2020 05/01/2020 05/31/2020
June 2020 05/29/2020 06/29/2020 06/01/2020 6/30/2020
July 2020 06/30/2020 07/30/2020 07/01/2020 07/31/2020
August 2020 07/31/2020 08/28/2020 08/01/2020 08/31/2020
September 2020 08/29/2020 09/29/2020 09/01/2020 09/30/2020
October 2020 09/30/2020 10/29/2020 10/01/2020 10/31/2020
November 2020 10/30/2020 11/27/2020 11/01/2020 11/30/2020
December 2020 11/28/2020 12/30/2020 12/01/2020 12/31/2020
January 2021 12/31/2020 1/28/2021 01/01/2021 01/31/2021
February 2021 01/29/2021 02/25/2021 02/01/2021 02/28/2021
March 2021 02/26/2021 03/30/2021 03/01/2021 03/31/2021
April 2021 03/31/2021 04/29/2021 04/01/2021 04/30/2021
May 2021 04/30/2021 05/28/2021 05/01/2021 05/31/2021
June 2021 05/29/2021 06/29/2021 06/01/2021 06/30/2021
July 2021 06/30/2021 07/29/2021 07/01/2021 07/31/2021


“Monthly Qualification Cycle” means a period beginning one (1) banking day prior to the first day of the current Statement Cycle through one (1) banking day prior to the last business day of the current Statement Cycle.

“Banking Day” means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions.

“Business Day” means a calendar day other than a Saturday or Sunday, or January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 fall on a Sunday, the next Monday is not a “Business Day”.

“Statement Cycle” means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the account holder’s account.