Important Notice
Javascript must be enabled to view this website, please enable Javascript and reopen our website.
Skip to main content
  Important Information
Financial Center Updates & Important Information Read More

Beginning Monday, March 15th the bank will resume full service status to our lobby areas with normal business hours. (No appointments are needed). Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility. Financial Center Locations

We remain committed to do our part to ensure our community stays healthy during the COVID-19 pandemic. Spencer is creating a safe and secure environment for all who visit. Please take a few moments to review the safety protocols listed here prior to visiting us. Read More

We continue to stay committed to you during this difficult period.  View an updated message from our Chairman and CEO. Read More

Today's Personal Rates

Rates as of May 17, 2021

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

$25

None

None

Apply Now
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%
 
 

Contact Us
Kasasa Cash Back Checking***

$100

None

None

Contact Us
Spencer Checking

$100

None

None

Apply Now
Spencer Gold Checking**

$100

0.05%

0.05%

Apply Now
Spencer Platinum Checking

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

0.05%
0.05%
0.10%

0.05%
0.05%
0.10%

Apply Now

*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 living or working in New Jersey.

**Customer must be 17-23 years of age to qualify for a StudentEdge Checking Account and 55+ years of age to qualify for a Spencer Gold Checking Account.

***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%
0.40%
0.10%

0.10%
0.40%
0.10%

Contact Us
SpencerKids Savings**

$1

0.40%

0.40%

Contact Us
StudentEdge Savings**

$100 - $25,000

$25,000.01 or more

0.40%

0.10%

0.40%

0.10%

Apply Now
Statement Savings

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

0.05%
0.10%

0.05%
0.10%

Contact Us
Premium Money Market

$100 - $9,999.99
$10,000 or more

0.05%
0.10%

0.05%
0.10%

Apply Now
E-Money Market

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

0.10%
0.40%

0.10%
0.40%

Contact Us
Holiday Club Account

$5

0.25%

0.25%

Contact Us
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%
0.10%
0.10%
0.10%

0.05%
0.10%
0.10%
0.10%
0.10%

Apply Now
Passbook Savings

$100 or more

0.10%

0.10%

Contact Us
Vacation Club Account

$5

0.25%

0.25%

Contact Us

*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 living or working in New Jersey.

**Customer must be under 18 years of age to qualify for a SpencerKids Savings Account. Customer must be 17-23 years of age to qualify for a StudentEdge 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)
6 Month

$1,000

0.17%

0.17%

Apply Now
12 Month

$1,000

0.20%

0.20%

Apply Now
18 Month

$1,000

0.30%

0.30%

Apply Now
20 Month

$1,000

0.30%

0.30%

Apply Now
24 Month

$1,000

0.30%

0.30%

Apply Now
30 Month

$1,000

0.45%

0.45%

Apply Now
36 Month

$1,000

0.45%

0.45%

Apply Now
48 Month

$1,000

0.70%

0.70%

Apply Now
60 Month

$1,000

0.90%

0.90%

Apply Now
91 Day

$1,000

0.15%

0.15%

Apply Now

*APY = Annual Percentage Yield

For CDs with terms of 12 months or longer, interest is compounded daily and credited monthly.  For CDs with terms less than 12 months, simple interest is paid monthly. Maximum deposit is $500,000. APY offered assumes interest remains on deposit until maturity. 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

Premium APYs not available on promotional CDs. Rate may change after the account is open. 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 living or working in NJ.

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

$500

0.40%

0.40%

Contact Us
***8 Month

$500

0.40%

0.40%

Contact Us
***8 Month w/ Platinum Checking

$500

0.55%

0.55%

Contact Us
***8 Month w/ Platinum Checking + Direct Deposit

$500

0.70%

0.70%

Contact Us
IRA Savings

$100 - $999.99
$1,000 or more

0.10%
0.20%

0.10%
0.20%

Contact Us
12 Month

$500

0.40%

0.40%

Contact Us
18 Month

$500

0.40%

0.40%

Contact Us
18 Month Variable**

$50

0.25%

0.25%

Contact Us
20 Month

$500

0.45%

0.45%

Contact Us
24 Month

$500

0.45%

0.45%

Contact Us
30 Month

$500

0.65%

0.65%

Contact Us
36 Month

$500

0.60%

0.60%

Contact Us
48 Month

$500

0.90%

0.90%

Contact Us
60 Month

$500

1.10%

1.09%

Contact Us

*APY = Annual Percentage Yield

**For this variable rate product, rate is subject to change after account opening.

***OFFER VALID ON NEW MONEY ONLY. APY is only valid on the 8-month IRA CD and there is a $500 minimum deposit to open and obtain this APY. Premium APYs not available on promotional IRAs. To qualify for the 0.70% APY, customer must 1) open or maintain an existing Platinum Checking Account; AND 2) Have a direct deposit made to this account within 60 days of the account opening date. Direct deposit established must be monthly and can be an electronic deposit of a paycheck, pension or government benefits. To qualify for the 0.55% APY, customer only needs to open or maintain an existing Platinum Checking Account. Platinum Checking Account has no monthly service charge if a daily minimum balance of $2,500 is maintained. Otherwise, a $15 Monthly Service Fee will apply. Account Closing: If the Platinum Checking Account is closed by the customer or Spencer within 8 months of the opening date of this IRA CD account, the promotional interest rate will be forfeited, and the account will be adjusted to reflect an interest rate of 0.40% for the full term. If the Platinum Checking Account remains open but the required monthly direct deposit is discontinued, the account will be adjusted to reflect an interest rate of 0.55% for the full term.

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 living or working in NJ.

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

$500

0.40%

0.40%

Contact Us
***8 Month

$500

0.40%

0.40%

Contact Us
***8 Month w/ Platinum Checking

$500

0.55%

0.55%

Contact Us
***8 Month w/ Platinum Checking + Direct Deposit

$500

0.70%

0.70%

Contact Us
12 Month

$500

0.40%

0.40%

Contact Us
18 Month Variable**

$50

0.25%

0.25%

Contact Us
18 Month

$500

0.40%

0.40%

Contact Us
20 Month

$500

0.45%

0.45%

Contact Us
24 Month

$500

0.45%

0.45%

Contact Us
30 Month

$500

0.65%

0.65%

Contact Us
36 Month

$500

0.60%

0.60%

Contact Us
48 Month

$500

0.90%

0.90%

Contact Us
60 Month

$500

1.10%

1.09%

Contact Us

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

***OFFER VALID ON NEW MONEY ONLY. APY is only valid on the 8-month IRA CD and there is a $500 minimum deposit to open and obtain this APY. Premium APYs not available on promotional IRAs. To qualify for the 0.70% APY, customer must 1) open or maintain an existing Platinum Checking Account; AND 2) Have a direct deposit made to this account within 60 days of the account opening date. Direct deposit established must be monthly and can be an electronic deposit of a paycheck, pension or government benefits. To qualify for the 0.55% APY, customer only needs to open or maintain an existing Platinum Checking Account. Platinum Checking Account has no monthly service charge if a daily minimum balance of $2,500 is maintained. Otherwise, a $15 Monthly Service Fee will apply. Account Closing: If the Platinum Checking Account is closed by the customer or Spencer within 8 months of the opening date of this IRA CD account, the promotional interest rate will be forfeited, and the account will be adjusted to reflect an interest rate of 0.40% for the full term. If the Platinum Checking Account remains open but the required monthly direct deposit is discontinued, the account will be adjusted to reflect an interest rate of 0.55% for the full term.

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 living or working in NJ.