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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.

CDs and IRAs

Whether you simply want to earn a higher interest rate or are saving for long-term goals like retirement or a child’s education, Spencer Savings Bank offers a variety of competitive savings options to help. We have several choices in both the categories of Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). We also offer the Coverdell Savings account as a great tool to save for your child’s education. If you need to know the best CD rates, you can head on over to the personal rates page. It is never too early to start saving for the future or take advantage of a great annual percentage yield.


Saving money is always a smart strategy. CDs can be a valuable tool in saving for your future. With a variety of CD terms to choose, ranging from 91 days to 60 months, Spencer can help you meet your savings goals with the best cd rates in NJ.


Our IRA accounts give you tax advantages while you save for your retirement. There are two types to choose from – Traditional and Roth. Benefit from tax advantages while saving for retirement.

Coverdell Savings

Get a head start on your child’s education with our Coverdell Education Savings account today. With college costs rising at a historically high rate, it’s never too early to start saving for your child’s education.