Savings Strategy with Certainty
An Individual Retirement Account, or IRA, is an ideal savings vehicle for retirement. Consider rolling over an IRA from another bank or consolidating 401K accounts. Then, see how easy it can be to manage your retirement portfolio with:
- Guaranteed Rate of Return
- Hassle-Free Paperwork
- No-Fee Rollovers
Our IRA specialists are ready to handle everything for you. All you need to do is sign the paperwork. It’s that easy!
Open Your Account Today
Make an appointment with your local Financial Center or call, 1-800-363-8115.
OFFER VALID ON NEW MONEY ONLY. *APY = Annual Percentage Yield. APY is only valid on the 8-month IRA CD and there is a $500 minimum deposit to open and obtain this APY. Interest is compounded daily and credited monthly. APY assumes interest remains on deposit until maturity. A penalty will be imposed for premature withdrawals. Fees may reduce earnings on account. Premium APYs not available on promotional IRAs. Spencer offers the convenience of automatic renewals. If either you or we prevent renewal, interest will not accrue after final maturity. Please consult your tax advisor for tax deductible status. Rates are subject to change without notice and may be withdrawn at any time. To qualify for the 0.70% APY, customer must 1) open or maintain an existing Platinum Checking Account; AND 2) Have a direct deposit made to this account within 60 days of the account opening date. Direct deposit established must be monthly and can be an electronic deposit of a paycheck, pension or government benefits. To qualify for the 0.55% APY, customer only needs to open or maintain an existing Platinum Checking Account. Platinum Checking Account has no monthly service charge if a daily minimum balance of $2,500 is maintained. Otherwise, a $15 Monthly Service Fee will apply. Account Closing: If the Platinum Checking Account is closed by the customer or Spencer within 8 months of the opening date of this IRA CD account, the promotional interest rate will be forfeited, and the account will be adjusted to reflect an interest rate of 0.40% for the full term. If the Platinum Checking Account remains open but the required monthly direct deposit is discontinued, the account will be adjusted to reflect an interest rate of 0.55% for the full term. Available to individuals living or working in New Jersey. APY is accurate as of 01/13/21.