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  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

Learn about all the ways Spencer is creating a safe and secure environment. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman and CEO. Read More

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.

CDs

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 some of the best cd rates in NJ.

IRAs

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.