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  Holiday Closing & Important Update
We will be closed on Saturday, July 4th in observance of Independence Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Normal business hours will resume on Monday, July 6th. Read More

Our financial centers are now reopened with regularly scheduled hours for lobby and drive-up service. Spencer customers will now have full access to the lobby area of all our financial centers. We understand there are still concerns when visiting public spaces, such as these. To ease such concerns we have implemented a number of new safety practices and protocols that you will notice upon visiting our financial centers, all of which are designed to ensure a safe and secure environment for everyone that visits our bank. Read More

 

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!