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Today's Personal Rates

Rates as of February 23, 2024

Checking Account Description Minimum Deposit to Open Account and Obtain APY APY* Interest Rate Apply Now
(Desktop, Tablet or Mobile)
Kasasa Cash Checking***

$0.01 - $25,000
$25,000.01 or more
All balances when qualification requirements are not met.

2.00%
0.30%
0.05%
 
 

1.98%
0.30%
0.05%
 
 

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Kasasa Cash Back Checking***

$100

None

None

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Spencer Checking

$100

None

None

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Spencer Gold Checking**

$100

0.05%

0.05%

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Spencer Platinum Checking

$2,500 - $9,999.99
$10,000 - $34,999.99
$35,000 or more

0.05%
0.25%
0.30%

0.05%
0.25%
0.30%

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E-Money Market

$500 - $4,999.99
$5,000 - $250,000
$250,000.01 or more

0.25%
2.00%
2.25%

0.25%
1.98%
2.24%

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Premium Money Market

$100 - $9,999.99

0.25%

0.25%

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Premium Money Market

$10,000 or more

3.25%

3.20%

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*APY = Annual Percentage Yield. Rates are subject to change without notice. Fees could reduce earnings on any of the accounts. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to individuals who are primary residents of NJ and currently living in NJ or former NJM Bank customers who currently maintain an existing deposit account and who are primary residents of and live in Bucks County, PA.

***Kasasa Cash Back Monthly Qualification Cycle Requirements: To earn 5% cash back and ATM fee refunds, per statement cycle you must: Conduct 12 debit card transactions, have one direct deposit or one automatic ACH debit, establish and maintain a Spencer Online Banking relationship and elect to receive your monthly account statement electronically via Online Banking. Kasasa Cash Monthly Qualification Cycle Requirements: To earn 2.00% APY and ATM fee refunds, per statement cycle you must: Conduct at least 12 debit card purchases which post and clear your account within one statement cycle, have one direct deposit or one automatic ACH debit, establish and maintain a Spencer Online Banking relationship and elect to receive your monthly account statements electronically via Online Banking. The above interest rate 1.98% with an APY of 2.00% will be paid only for that portion of your daily balance that is $25,000 or less. An interest rate of 0.30% with an APY ranging from 0.64% to 2.00% depending on the balance in the account will be paid only for that portion of your daily balance that is more than $25,000. Kasasa Cash and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A. Click here for monthly qualification cycle information.

Savings Account Description Minimum Deposit to Open Account and Obtain APY APY* Interest Rate Apply Now
(Desktop, Tablet or Mobile)
SmartSaver Savings***

$100 - $4,999.99
$5,000 - $250,000
$250,000.01 or more

0.10%
0.75%
1.00%

0.10%
0.75%
1.00%

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SpencerKids Savings**

$1

0.50%

0.50%

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Statement Savings

$100 - $24,999.99
$25,000 or more

0.25%
0.50%

0.25%
0.50%

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Holiday Club Account

$5

0.25%

0.25%

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Platinum Savings

$100 - $4,999.99
$5,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 or more

0.05%
0.10%
0.25%
1.50%
1.00%

0.05%
0.10%
0.25%
1.50%
1.00%

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Passbook Savings

$100 or more

0.50%

0.50%

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Vacation Club Account

$5

0.25%

0.25%

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*APY = Annual Percentage Yield. Rates are subject to change without notice. Fees could reduce earnings on any of the accounts. Interest payments are rounded to the nearest cent. As a result, low balance accounts may not be paid interest. Available to individuals who are primary residents of NJ and currently living in NJ or former NJM Bank customers who currently maintain an existing deposit account and who are primary residents of and live in Bucks County, PA.

**Customer must be under 18 years of age to qualify for a SpencerKids Savings Account.

***SmartSaver Savings Account Requirements: Minimum $25 recurring monthly transfer from any Spencer Checking Account or a recurring monthly direct deposit into SmartSaver Account is required.

Certificate of Deposit (CD) Description Minimum Deposit to Open Account and Obtain APY APY* Interest Rate Apply Now
(Desktop, Tablet or Mobile)
8 Month CD Promotion - With Platinum Checking (New Money Only) **

$1,000 or Greater

5.15%

5.15%

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8 Month CD Promotion - No Platinum Checking (New Money Only) **

$1,000 or Greater

4.65%

4.65%

Contact Us
17 Month CD Promotion - With Platinum Checking (New Money Only) **

$1,000 or Greater

5.00%

4.88%

Contact Us
17 Month Promotion CD - No Platinum Checking (New Money Only) **

$1,000 or Greater

4.50%

4.41%

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3 Month

$1,000 or Greater

0.10%

0.10%

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6 Month

$1,000 or Greater

0.15%

0.15%

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11 Month

$1,000 or Greater

4.00%

4.00%

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12 Month

$1,000 or Greater

0.20%

0.20%

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18 Month

$1,000 or Greater

0.25%

0.25%

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19 Month

$1,000 or Greater

4.25%

4.16%

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24 Month

$1,000 or Greater

0.35%

0.35%

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25 Month

$1,000 or Greater

4.30%

4.21%

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30 Month

$1,000 or Greater

0.45%

0.45%

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48 Month

$1,000 or Greater

0.55%

0.55%

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36 Month

$1,000 or Greater

0.50%

0.50%

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60 Month

$1,000 or Greater

0.65%

0.65%

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Contact Us Today!

For additional information on other rates and terms, please contact your local Financial Center or our Customer Service Center at 1-800-363-8115.

*APY = Annual Percentage Yield

Interest is compounded daily and credited monthly.  Stated rates are subject to change without notice. Maximum deposit is $500,000. APY offered assumes interest remains on deposit until maturity. Please contact your tax adviser for tax-deductible status. Spencer offers the convenience of automatic renewals. If either you or we prevent renewal, interest will not accrue after the final maturity. Early withdrawal penalties may be imposed and the fee could reduce principal.

Early withdrawals are subject to the following penalties;
•  Maturity of less than 1 year, loss of 30 days interest
•  Maturity of more than 1 year, but less than 36 months, loss of 90 days interest
•  Maturity of 36 months or more, loss of six (6) months interest

Rates are subject to change without notice. Fees could reduce earnings on any of the accounts. Interest payments are rounded to the nearest cent.

Available to individuals who are primary residents of NJ and currently living in NJ or former NJM Bank customers who currently maintain an existing deposit account and who are primary residents of and live in Bucks County, PA.

**NEW MONEY ONLY. New Money is defined as money not on deposit at Spencer Savings Bank. A $1,000 minimum deposit for the CD Account is required to open the account and to obtain the stated APY. For the 8-month term, the rate is based on a simple interest calculation and is credited monthly. For the 17-month CD or IRA, interest is compounded daily and credited monthly. APY assumes interest remains on deposit until maturity. A penalty will be imposed for premature withdrawals. Maximum CD deposit for promotion is $250,000 per tax-identification number for Platinum Checking account holders or $50,000 for non-Platinum Checking account holders. To qualify for the 5.15% APY or the 5.00% APY, customer must maintain an active existing Platinum Checking Account or open a new Platinum Checking Account at the same time as CD or IRA account opening with the same tax-identification number as the CD or IRA account holder. Platinum Checking is a variable tiered rate checking account with a $100 minimum opening balance and $15 monthly service charge if a minimum daily balance falls below $2,500 in any statement cycle. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account monthly. Account Closing: If Platinum Checking Account is closed by Spencer or the customer within the duration of the initial 8-month or 17-month term of the CD or IRA account, the promotional interest rate will be forfeited, and the account will be adjusted to reflect the 4.65% APY or 4.50% APY, for the remaining term. Offers may be withdrawn at any time.

IRA Account Description Minimum Deposit to Open Account and Obtain APY APY* Interest Rate Apply Now
(Desktop, Tablet or Mobile)
8 Month IRA Promotion - With Platinum Checking (New Money Only) **

$500 or Greater

5.15%

5.15%

Contact Us
8 Month IRA Promotion - No Platinum Checking (New Money Only) **

$500 or Greater

4.65%

4.65%

Contact Us
17 Month IRA Promotion - With Platinum Checking (New Money Only) **

$500 or Greater

5.00%

4.88%

Contact Us
17 Month IRA Promotion - No Platinum Checking (New Money Only) **

$500 or Greater

4.50%

4.41%

Contact Us
IRA Savings

$100 - $999.99
$1,000 or more

0.05%
0.10%

0.05%
0.10%

Contact Us
6 Month

$500 or Greater

0.30%

0.30%

Contact Us
11 Month

$500 or Greater

4.00%

4.00%

Contact Us
12 Month

$500 or Greater

0.35%

0.35%

Contact Us
18 Month

$500 or Greater

0.40%

0.40%

Contact Us
19 Month

$500 or Greater

4.25%

4.16%

Contact Us
20 Month

$500 or Greater

0.35%

0.35%

Contact Us
24 Month

$500 or Greater

0.50%

0.50%

Contact Us
36 Month

$500 or Greater

0.65%

0.65%

Contact Us
48 Month

$500 or Greater

0.70%

0.70%

Contact Us
60 Month

$500 or Greater

0.80%

0.80%

Contact Us
30 Month

$500 or Greater

0.60%

0.60%

Contact Us
25 Month

$500 or Greater

4.30%

4.21%

Contact Us

Contact Us Today!

For additional information on other rates and terms, please contact your local Financial Center or our Customer Service Center at 1-800-363-8115.

*APY = Annual Percentage Yield

Interest is compounded daily and credited monthly.  Stated rates are subject to change without notice. Maximum deposit is $500,000. APY offered assumes interest remains on deposit until maturity. Please contact your tax adviser for tax-deductible status. Spencer offers the convenience of automatic renewals. If either you or we prevent renewal, interest will not accrue after the final maturity. Early withdrawal penalties may be imposed and the fee could reduce principal.

Early withdrawals are subject to the following penalties;
•  Maturity of less than 1 year, loss of 30 days interest
•  Maturity of more than 1 year, but less than 36 months, loss of 90 days interest
•  Maturity of 36 months or more, loss of six (6) months interest

One term change is allowed per year if you are over 59 1/2 years of age without penalty.

Rates are subject to change without notice. Fees could reduce earnings on any of the accounts. Interest payments are rounded to the nearest cent.

Available to individuals who are primary residents of NJ and currently living in NJ or former NJM Bank customers who currently maintain an existing deposit account and who are primary residents of and live in Bucks County, PA.

**NEW MONEY ONLY. New Money is defined as money not on deposit at Spencer Savings Bank. A $500 minimum deposit for the IRA Account is required to open the account and to obtain the stated APY. For the 8-month term, the rate is based on a simple interest calculation and is credited monthly. For the 17-month CD or IRA, interest is compounded daily and credited monthly. APY assumes interest remains on deposit until maturity. A penalty will be imposed for premature withdrawals. Maximum IRA CD deposit for promotion is $250,000 per tax-identification number for Platinum Checking account holders or $50,000 for non-Platinum Checking account holders. To qualify for the 5.15% APY or the 5.00% APY, customer must maintain an active existing Platinum Checking Account or open a new Platinum Checking Account at the same time as CD or IRA account opening with the same tax-identification number as the CD or IRA account holder. Platinum Checking is a variable tiered rate checking account with a $100 minimum opening balance and $15 monthly service charge if a minimum daily balance falls below $2,500 in any statement cycle. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account monthly. Account Closing: If Platinum Checking Account is closed by Spencer or the customer within the duration of the initial 8-month or 17-month term of the CD or IRA account, the promotional interest rate will be forfeited, and the account will be adjusted to reflect the 4.65% APY or 4.50% APY, for the remaining term. Offers may be withdrawn at any time.

Coverdell Description Minimum Deposit to Open Account and Obtain APY APY* Interest Rate Apply Now
(Desktop, Tablet or Mobile)
6 Month

$500 or Greater

0.30%

0.30%

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11 Month

$500 or Greater

4.00%

4.00%

Contact Us
12 Month

$500 or Greater

0.35%

0.35%

Contact Us
18 Month

$500 or Greater

0.40%

0.40%

Contact Us
19 Month

$500 or Greater

4.25%

4.16%

Contact Us
20 Month

$500 or Greater

0.35%

0.35%

Contact Us
24 Month

$500 or Greater

0.50%

0.50%

Contact Us
25 Month

$500 or Greater

4.30%

4.21%

Contact Us
30 Month

$500 or Greater

0.60%

0.60%

Contact Us
36 Month

$500 or Greater

0.65%

0.65%

Contact Us
60 Month

$500 or Greater

0.80%

0.80%

Contact Us
48 Month

$500 or Greater

0.70%

0.70%

Contact Us

Contact Us Today!

For additional information on other rates and terms, please contact your local Financial Center or our Customer Service Center at 1-800-363-8115.

*APY= Annual Percentage Yield
**For this variable rate product, rate is subject to change after account opening.

CDs with terms of 12 months or longer, interest is compounded daily and credited monthly.  CDs with terms less than 12 months, simple interest is paid monthly. APY offered assumes interest remains on deposit until maturity. Please consult your tax advisor for tax-deductible status. Spencer offers the convenience of automatic renewals. If either you or we prevent renewal, interest will not accrue after the final maturity. Early withdrawal penalties may be imposed and the fee could reduce principal.

Early withdrawals are subject to the following penalties;
•  Maturity of less than 1 year, loss of 30 days interest
•  Maturity of more than 1 year, but less than 36 months, loss of 90 days interest
•  Maturity of 36 months or more, loss of six (6) months interest

Available to individuals who are primary residents of NJ and currently living in NJ or former NJM Bank customers who currently maintain an existing deposit account and who are primary residents of and live in Bucks County, PA.