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Maximize Your Margins, Strengthen Your Savings

Business owners know that every penny matters. You always have an eye on your margins and savings as measures of your business’ financial health and performance.

With BusinessEdge® from Spencer, you have a helpful, high-yield savings account to build your cash buffer. Pair your BusinessEdge® Savings Account with a BusinessEdge® Checking Account to streamline your banking and get the best rate on your savings.

Why BusinessEdge® Savings?

  • Free Online Banking
  • Unlimited Deposits and Withdrawals
  • No Monthly Service Charge w/ $100 Daily Minimum Balance
  • Link to BusinessEdge® Checking for Combined Monthly Statements

Why BusinessEdge® Checking?

  • 500 Free Debits Per Month
  • $100 Minimum Opening Deposit
  • Free Online Banking
  • Monthly eStatements
  • Free Bill Pay
  • Free Visa® Business Debit Card
  • Night Drop Box Access

BusinessEdge Savings

Gain an Extra Edge

Visit your nearest Financial Center or call us at 1-800-363-8115 to take advantage of these special rates!

*APY=Annual Percentage Yield. BusinessEdge Savings is a variable rate, interest-bearing account with promotional tiered interest rates as follow: Daily balances – below $99.99 – no interest earned, $100 – $4,999.99 – 0.25% APY, $5,000 – $24,999.99 – 1.00% APY and $25,000 or more – 4.50% APY. Maximum deposit of $500,000. In order to receive a .25% APY rate bump resulting in a promotional APY of 4.75% for daily balances of $25,000 or more you must open a BusinessEdge Checking account or Commercial Checking account with $25,000 or more and maintain a daily balance of $25,000 for 6 months. Failure to maintain the $25,000 minimum daily balance in the associated checking account will result in the interest rate being adjusted to the lower tier for the entire promotional period. After the promotional period ends, standard pricing will apply and the rates may change at any time. There is a $100 minimum to open this account. There is a monthly service charge of $3 if the daily minimum balance falls below $100 at any time during the statement cycle. Fees may reduce earnings on this account. Account must be opened by July 31, 2024, and rate is guaranteed for six (6) months from date of account opening. Rates valid as of 5/1/2024 and subject to change without notice. Offer may be withdrawn at any time. BusinessEdge Checking is a non-interest bearing account. There is a monthly service charge of $15 if the daily minimum balance falls below $500 at any time during the statement cycle. Commercial checking is an analyzed non-interest bearing account subject to transaction fees. See bank representative for details. Available to business entities that are physically located or licensed with the appropriate NJ or PA state or local government authority and operating with significant activities in NJ (“New Jersey Business”), or Bucks County, PA. The BusinessEdge Savings Account must be opened with New Money and the $25,000 deposit into the BusinessEdge Checking Account must be New Money. **New Money is defined as money not on deposit at Spencer Savings Bank.