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  Holiday Closing & A Message To Our Customers
Spencer Savings Bank will be closed on Monday, May 29th in observance of Memorial Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Read More

Strong, Stable and Secure.
Click Here for a message from our Chairman & CEO about recent industry events.

IRA CD vs. IRA Savings

Spencer’s IRAs are insured by the FDIC up to $250,000 per depositor.

IRA CD IRA Savings
Interest
  • Compounded daily and credited monthly
  • Compounded daily and credited monthly
Benefits
  • Term Change Option*
  • Terms ranging from 1-5 years
  • Minimum opening balance of $500
  • Fixed-rate for entire term
  • Automatic renewal option
  • Offers account flexibility
  • Make deposits at any time
  • Minimum opening balance of $100
  • Variable-rate savings
  • Earn money market rates
IRA Types
  • Available in Traditional or Roth
  • Available in Traditional or Roth
Rollover Here at Spencer, we can help you consolidate your retirement funds with a quick and easy IRA rollover. Let one of our Retirement Specialists take care of the paperwork for you.

*One term change is allowed per year for customers over age 59 ½ without penalty.

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Open Your Account Today

Inquire online, visit your local Financial Center, or call us at 1-800-363-8115 today!