Today's Personal Rates

*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 in New Jersey.

**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.

*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 in NJ.

** NEW MONEY ONLY.  “New Money” is defined as money not on deposit at Spencer Savings Bank. This offer is only valid on the 13-Month CD promotion. To qualify for the 5.50% APY, customer must maintain an active existing Platinum Checking Account or open a new Platinum Checking Account at the same time as CD account opening with the same tax identification number as the CD account holder. Limit of one account opening per tax identification number. Maximum deposit for 5.50% APY promotion is $50,000; and $25,000 for 5.00% APY promotion. Platinum Checking is a variable tiered rate checking account and has no monthly service charge if a minimum daily balance of $2,500 is maintained. Otherwise, a $15 Monthly Service Fee will apply. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account on a monthly basis. Account Closing: If the Platinum Checking Account is closed by Spencer or the customer within 13 months of the opening date of the CD account, the promotional interest rate will be forfeited, and the account will be adjusted to reflect the 5.00% APY for the full term. A $1,000 minimum deposit is required to open the CD account and to obtain the stated APY. Offer may be withdrawn at any time.

*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 living in NJ.

** NEW MONEY ONLY.  “New Money” is defined as money not on deposit at Spencer Savings Bank. This offer is only valid on the 13-Month IRA promotion. To qualify for the 5.50% APY, customer must maintain an active existing Platinum Checking Account or open a new Platinum Checking Account at the same time as IRA account opening with the same tax identification number as the IRA account holder. Limit of one account opening per tax identification number. Maximum deposit for 5.50% APY promotion is $50,000; and $25,000 for 5.00% APY promotion. Platinum Checking is a variable tiered rate checking account and has no monthly service charge if a minimum daily balance of $2,500 is maintained. Otherwise, a $15 Monthly Service Fee will apply. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account on a monthly basis. Account Closing: If the Platinum Checking Account is closed by Spencer or the customer within 13 months of the opening date of the IRA account, the promotional interest rate will be forfeited, and the account will be adjusted to reflect the 5.00% APY for the full term. A $500 minimum deposit is required to open the IRA account and to obtain the stated APY. Offer may be withdrawn at any time.

*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 living in NJ.