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  Closing & Important Updates
We will be closed on Thursday, November 26th in observance of Thanksgiving Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Read More

We are here for you. Important Updates Regarding Coronavirus.

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, President and CEO. Read More

The Passaic Street (Garfield) location is currently closed. During this time, please visit one of our alternate financial centers if needed. Bank Locations

IRA CD vs. IRA Savings

Spencer’s IRAs are guaranteed 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.

Open Your Account Today

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