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  Holiday Closing & Important Update
We will be closed on Saturday, July 4th in observance of Independence Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Normal business hours will resume on Monday, July 6th. Read More

Our financial centers are now reopened with regularly scheduled hours for lobby and drive-up service. Spencer customers will now have full access to the lobby area of all our financial centers. We understand there are still concerns when visiting public spaces, such as these. To ease such concerns we have implemented a number of new safety practices and protocols that you will notice upon visiting our financial centers, all of which are designed to ensure a safe and secure environment for everyone that visits our bank. Read More

 

Home Equity

Whether you want to make home improvements, purchase a new car, consolidate debt, finance your child’s education or want to plan well-deserved vacation, Spencer has the right home equity loan for you. We offer a variety of suitable options to allow you to use your equity to meet your personal goals. We will take the time to get to know you and your needs to find the perfect loan option for you.

The following NMLS Consumer Access website will provide you with NMLS numbers for all Spencer lenders. Spencer Savings Bank’s NMLS number is 421318.

Home Equity Loan Rate Types
Loan Types Loan Amounts Terms Interest Type Loan Features

Fixed Home Equity Loan Rates

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$2,000 – $1 Million 2-30 Years Fixed Rate
  • Fixed Monthly Payments
  • Stability, Predictability and Easy Budgeting
  • No Pre-Payment Penalty

SpencerFlex Line of Credit

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$5,000 – $1 Million 10 Year Draw Period Variable Rate (Based on Prime Rate)
  • Convenient Credit Line Checkbook
  • Interest Charged on Outstanding Balance
  • Replenishing Credit
  • “Flex” Conversion Option

Special Homeowner Loan

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$2,500 – $250,000 2-30 Years Fixed Rate
  • No Fees
  • Special low fixed interest rate
  • Income limitations apply
  • See application for property requirements