Welcome to the Edison Financial Center!

*APY = Annual Percentage Yield. APR = Annual Percentage Rate. Offers are only available on new account openings and loan applications submitted at our Edison Financial Center through June 29, 2024. **New Money Only is defined as money not on deposit at Spencer Savings Bank. Offers may be withdrawn at any time. APY’s are accurate as of 4/01/2024. All rates are subject to change. 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. All loans are subject to credit approval. 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. ¹$100.00 Cash Bonus Platinum Checking: Platinum Checking is a variable rate, interest-bearing account with tiered interest rates as follow: Daily balances – $100 – $2,499.99 – no interest earned, $2,500 – $9,999.99 – 0.05% APY, $10,000 – $34,999 – 0.25% APY and $35,000 or more – 0.30% APY. There is a $100 minimum to open this account. There is a monthly service charge of $15 if the daily minimum balance falls below $2,500 at any time during the statement cycle. To qualify for the $100 cash bonus, you must maintain a minimum daily balance of $2,500 and maintain an active Platinum Checking Account in good standing for 90 days after account opening. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account monthly. The $100 cash bonus will be credited to your new checking account within 30 days after we verify qualifications by 120 days after the account opening. Fees may reduce earnings on this account. ²14-Month CD: To qualify for the 5.25% APY, customer must maintain an active Platinum Checking Account, convert an existing checking to Platinum Checking or open a new Platinum Checking Account at the same time as the CD account opening with the same tax-identification number as the CD account holder. Platinum Checking is a variable tiered rate checking account with a $100 minimum opening balance and $15 monthly service charge if the minimum daily balance falls below $2,500 in any statement cycle. Without Platinum Checking, the customer will receive a promotional 4.75% APY. A $1,000 minimum deposit for the CD account is required to open the account and obtain the stated APY. 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. Account Closing: If the Platinum Checking Account is closed by Spencer or the customer within the duration of the 14-month term, the promotional interest will be forfeited and the account will be adjusted to reflect a 4.75%APY for the remaining term. Fees may reduce earnings on account. ³Premium Money Market: This account is a variable rate, interest-bearing account with tiered interest rates as follow: Daily balances of $100 – $9,999.99 – 0.25% APY and $10,000 or more – 3.25% APY. Recipients of this promotional offer will receive a 1.25% rate bump on balances of $10,000 or more, resulting in a promotional rate of 4.50%. This promotional rate is guaranteed for 6 months from the date of account opening for daily balances of $10,000 or more. If the balance falls below $10,000 at anytime current tier rates will apply. After this period, the interest rate may be adjusted to standard pricing for all tiers and rates may change at anytime. Minimum to open account is $100. Fees may reduce earnings on this account. ⁴SpencerKids: There is a $1 minimum daily balance to open and earn the stated APY. This promotional rate is guaranteed for 6 months from the date of account opening. After this period, the rate may be adjusted to standard pricing. Fees may reduce earnings on this account. ⁵Home Equity Loan: Application Fee will be waived on any new owner-occupied home equity loan when payments are automatically deducted from a Spencer Checking Account. Rate will be reduced by 1/8%. Investment Property Loans are not eligible for this offer. ⁶Home Equity Line of Credit: Application Fee will be waived on any new owner-occupied home equity line of credit when payments are automatically deducted from a Spencer Checking Account. Investment Property Loans are not eligible for this offer. ⁷1-4 Family Mortgage: Rate will be reduced by 1/8% and the Application Fee will be waived on any new to Spencer, owner-occupied or investment, for purchase or refinance mortgage when payments are automatically deducted from a Spencer Checking Account. Offers may be withdrawn at any time.