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  Security Information
Protect Yourself From Scammers! Read Full Message

The banking industry has seen an increase in fraud attempts targeting customers. Spencer will never request your one-time passcode/security code, online banking username, password, or PIN via text, email, or phone, nor request that you establish an account at another bank to secure your account balances. If you receive any such request, please do not provide any information. Visit our Fraud Center for best practices and safety tips.

If you receive such a request, do not respond or provide any information. Instead, contact our Customer Service Center immediately at 1-800-363-8115, regardless of the message channel.

Roth IRA

A Roth Individual Retirement Account (IRA) can be an effective retirement tool for individuals with an adjusted gross income of $161,000 or less ($240,000 or less for married joint file tax filers). With a Roth IRA from Spencer, you will be provided the tools to save for retirement while gaining various tax advantages. Opening an IRA now and contributing to it regularly can create a secure retirement scenario for your future. Compare the advantages of a Roth IRA with those of a Traditional IRA using our convenient comparison chart: Traditional vs. Roth

Spencer’s IRAs are insured by the FDIC up to $250,000 per depositor.
Why Spencer?
  • Hassle-free rollovers and transfers
  • Minimum to open as low as $500
  • Variety of terms available to meet your needs
  • One term change allowed per year for customers over 59 ½ years of age without penalty
Benefits
  • Tax-Free Earnings
  • Contributions (not earnings) can be withdrawn IRS penalty-free, at any time
  • Contributions are not tax-deductible, but qualified distributions are tax-free
  • Earnings grow tax-free, and may be tax-exempt upon withdrawal
Who Can Invest?
  • Anyone earning income provided eligibility requirements are met.
Maximum Annual Contribution
  • $7,500 (below age 50)
  • $8,600 (age 50 and older)

Open Your Account Today

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