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Today's Rates

Rates as of 04/15/2014
Product Minimum Deposit to Open Account Interest Rate APY* Apply Now
**Free Spencer Checking $100 N/A N/A
***Spencer Gold Checking $100 0.10% 0.10%
Spencer Platinum Checking $2,500 to $9,999 0.05% 0.05%
  $10,000 to $34,999 0.10% 0.10%  
  $35,000 or more 0.10% 0.10%  
Passbook Savings $100 0.20% 0.20% Contact Us
****SpencerKids Savings $1 0.80% 0.80% Contact Us
Holiday Club Account $5 0.25% 0.25% Contact Us
Vacation Club Account $5 0.25% 0.25% Contact Us
Premium Savings $100 to $4,999 0.15% 0.15%
$5,000 or more 0.15% 0.15% Contact Us
Premium Money Market $100 to $9,999 0.15% 0.15%
  $10,000 or more 0.25% 0.25%  
Platinum Savings $100 - $4,999 0.15% 0.15%
  $5,000 - $24,999 0.15% 0.15%  
  $25,000 - $49,999 0.20% 0.20%  
  $50,000 - $99,999 0.25% 0.25%  
  $100,000 or more 0.30% 0.30%  
 

*APY = Annual Percentage Yield
** Free Spencer Checking is free from monthly service charge as long as the account remains active.
***Spencer Gold Checking is for individuals 55 years or older.
****SpencerKids Savings is a custodial account under the Uniform Transfers to Minors Act for children under 18 years of age.
Interest is compounded daily and credited quarterly.  Rates may change after the account is open.  Minimum opening deposit and minimum balance are required to earn APY. 
Available to individuals living or working in New Jersey.

Certificate of Deposit (CD) Description Minimum Deposit to Open Account Interest Rate APY* Apply Now
91 Day CD $1,000 0.10% 0.10% Contact Us
6 Month $1,000 0.20% 0.20%
12 Month $1,000 0.25% 0.25%
18 Month $1,000 0.40% 0.40%
24 Month $1,000 0.55% 0.55%
**30 Month (Promotion) $1,000 1.25% 1.25%
30 Month $1,000 0.75% 0.75%
36 Month $1,000 1.15% 1.15%
48 Month $1,000 1.34% 1.35%
60 Month $1,000 1.64% 1.65%
 

*APY = Annual Percentage Yield
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. Maximum deposit is $500,000.  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 New Jersey.                                                                   

​**Premium APY's not available on promotional CD's





IRA Account Description Minimum Deposit to Open Account Interest Rate APY* Apply Now
IRA Savings $100 to $999 0.10% 0.10%
IRA Savings $1,000 or more 0.10% 0.10%
12 Month $500 0.25% 0.25%
**18 Month Variable $50 0.25% 0.25%
24 Month $500 0.55% 0.55%
30 Month $500 0.75% 0.75%
36 Month $500 1.15% 1.15%
48 Month $500 1.34% 1.35%
60 Month $500 1.64% 1.65%
 

*APY = Annual Percentage Yield
** Rate may change after the account is open
Minimum balance to open account and obtain the APY.  Interest is compounded daily and credited monthly.  Stated rates are subject to change without notice. Maximum deposit is $500,000. 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.
Available to individuals living or working in New Jersey.                                                                         ​

***Premium APY's not available on promotional CD's

Coverdell Description Minimum Deposit to Open Account Interest Rate APY* Apply Now
12 Month Fixed $500 0.25% 0.25% Contact Us
**18 Month Variable $50 0.25% 0.25% Contact Us
24 Month Fixed $500 0.55% 0.55% Contact Us
30 Month Fixed $500 0.75% 0.75% Contact Us
36 Month Fixed $500 1.15% 1.15% Contact Us
48 Month Fixed $500 1.34% 1.35% Contact Us
60 Month Fixed $500 1.64% 1.65% Contact Us
 

*APY= Annual Percentage Yield
** Rate may change after the account is open
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. Maximum deposit is $500,000.  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 New Jersey.