Spencer Savings Bank Rates and Review February 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Spencer Savings Bank's Certificate of Deposit (CD) rates are at 3.50%, Certificate of Deposit (CD) rates are at 3.10%, Certificate of Deposit (CD) rates are at 0.65%, Certificate of Deposit (CD) rates are at 0.55%, Certificate of Deposit (CD) rates are at 0.50%. Spencer Savings Bank's savings rates are at 0.00%. Spencer Savings Bank's money market rates are at 0.00%.
Rate Updates and AvailabilitySpencer Savings Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Spencer Savings Bank? Share your experience about Spencer Savings Bank by leaving a review below, or read customer reviews before you decide to use Spencer Savings Bank. Spencer Savings Bank Texas RatioSpencer Savings Bank's Texas Ratio is at 2.64%, which is considered excellent. The Texas Ratio for Spencer Savings Bank is lower than the national average of all banks, currently at 6.13%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing. MonitorBankRates Rating
5.0
Excellent
Out of 5.0 Stars
Spencer Savings Bank has earned a Smart Rating of 5.0 out of 5 stars. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Overall, Spencer Savings Bank is a excellent bank worth considering, with an overall rating of 5.0 stars out of 5 stars. Current Interest RatesRate
APY/APR
vs. Avg
"N/A" indicates the product is not offered or the rate is unavailable. 
Spencer Savings Bank CD Rates
Spencer Savings Bank Savings Rates
Spencer Savings Bank Money Market Rates
Spencer Savings Bank Home Equity & HELOC
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for Spencer Savings Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather Spencer Savings Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Spencer Savings Bank's official website for the most current offers and terms.
Bank Profile & OverviewSpencer Savings Bank
611 River DrElmwood Park, NJ 07407 Bergen Established Date: 09/19/1939 FDIC Certificate #: 30076 Date of FDIC Deposit Insurance: 09/19/1939 How Many Domestic U.S. Offices? 28 How Many Branches are There? 29 Website: https://www.spencersavings.com
Is Spencer Savings Bank FDIC Insured? Yes
What is Spencer Savings Bank's Cert number? 30076
What is the maximum amount for insured deposits? $250,000 per holder, per account
Financial Health & AssetsTotal Assets:
$3,923,872,000
Total Deposits:
$2,846,480,000
Equity Capital:
$427,366,000
Net Income:
$3,206,000
Return on Assets (ROA):
0.5057%
Return on Equity (ROE):
4.7400%
Headquarters:
Elmwood Park
Regulator:
FDIC
# of Offices:
28
Source: FDIC | Last Updated 03/31/2024
Customer ReviewsThere are no reviews for Spencer Savings Bank yet. Feel free to create one below.
Add Your Rating and Review for Spencer Savings Bank
Frequently Asked Questions About Spencer Savings BankHow do I open an account at Spencer Savings Bank?You can typically open an account at Spencer Savings Bank by visiting a local branch or applying through their official website. Is there a first-time homebuyer program?Currently, Spencer Savings Bank provides a range of mortgage and home equity products. Is Spencer Savings Bank a safe place to deposit money?Yes, Spencer Savings Bank is considered a safe financial institution. Your accounts are federally insured by the FDIC up to $250,000 per depositor. Does Spencer Savings Bank offer online and mobile banking?Most modern institutions like Spencer Savings Bank provide digital access including online balance checks and transfers. Compare to other Banks |
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