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Spencer Savings Bank

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Spencer Savings Bank Rates & Review September 2026

Q: How many branches does Spencer Savings Bank operate?

Spencer Savings Bank currently maintains approximately 28 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Spencer Savings Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Spencer Savings Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 23, 2026

Spencer Savings Bank's 10 Year Fixed First Lien rates are at 5.75%, 15 Year Fixed First Lien rates are at 6.00%, 20 Year Fixed First Lien rates are at 6.00%, 30 Year Fixed First Lien rates are at 6.25%, 10/1/30 Year ARM HomeHelper rates are at 6.12%. MonitorBankRates evaluates the financial stability of Spencer Savings Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.96%. Rates last updated and verified on 09/23/2026.

Spencer 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.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

3.96%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Spencer Savings Bank, SLA

611 River Dr
Elmwood Park, NJ 07407

https://www.spencersavings.com

Spencer Savings Bank Mortgage Rates

Product	Rate	Points	APR	Term
10 Year Fixed First Lien	-	-	5.75%	10 Year Fixed
Details Loan Amounts: Up To $250,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
15 Year Fixed First Lien	-	-	6.00%	15 Year Fixed
Details Loan Amounts: Up To $250,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
20 Year Fixed First Lien	-	-	6.00%	20 Year Fixed
Details Loan Amounts: Up To $250,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
30 Year Fixed First Lien	-	-	6.25%	30 Year Fixed
Details Loan Amounts: Up To $250,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
10/1/30 Year ARM HomeHelper	6.13%	0	6.50%
Details Loan Amounts: Up To 832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
7/1/30 Year ARM HomeHelper	5.88%	0	6.51%
Details Loan Amounts: Up To 832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/1/30 Year ARM HomeHelper	5.63%	0	6.56%
Details Loan Amounts: Up To $832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/5/30 Year ARM HomeHelper	5.75%	0	6.61%
Details Loan Amounts: Up To 832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
7/1/30 Year Adjustable Rate Loan	6.13%	0	6.64%
Details Loan Amounts: Up To $832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/1/30 Year Adjustable Rate Loan	5.88%	0	6.66%
Details Loan Amounts: Up To $832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
10/1/30 Year Adjustable Rate Loan	6.50%	0	6.74%
Details Loan Amounts: Up To $832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/1/30 Year Adjustable Rate Loan	6.13%	0	6.76%
Details Loan Amounts: Between $832,751 - $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
7/1/30 Year Adjustable Rate Loan	6.38%	0	6.77%
Details Loan Amounts: Between $832,751-$1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/1/30 Year Adjustable Rate Loan	6.38%	0	6.86%
Details Loan Amounts: Between $1,000,001-$1,500,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
10 Year Fixed	-	-	6.88%	10 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 10 Year Fixed	6.88%	0	6.88%	10 Year Fixed
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
7/1/30 Year Adjustable Rate Loan	6.63%	0	6.90%
Details Loan Amounts: $1,000,001-$1,500,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
10/1/30 Year Adjustable Rate Loan	6.75%	0	6.91%
Details Loan Amounts: Between $832,751-$1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 30 Year Fixed	6.88%	0	6.94%	30 Year Fixed
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/1/30 Year Adjustable Rate Loan	6.63%	0	6.96%
Details Loan Amounts: Between $1,500,001 - $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 15 Year Fixed	7.00%	0	7.01%	15 Year Fixed
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
7/1/30 Year Adjustable Rate Loan	6.88%	0	7.03%
Details Loan Amounts: Between $1,500,001-$2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 10 Year Fixed	6.88%	0	7.07%	10 Year Fixed
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
10/1/30 Year Adjustable Rate Loan	7.00%	0	7.08%
Details Loan Amounts: Between $1,000,001-$1,500,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
15 Year Fixed	-	-	7.13%	15 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 15 Year Fixed	7.00%	0	7.14%	15 Year Fixed
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 20 Year Fixed	7.13%	0	7.19%	20 Year Fixed
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 5/1/30 Year ARM	6.00%	0	7.22%	5/1/30 Year ARM
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 20 Year Fixed	7.13%	0	7.24%	20 Year Fixed
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 5/1/30 Year ARM	6.00%	0	7.25%	5/1/30 Year ARM
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
10/1/30 Year Adjustable Rate Loan	7.25%	0	7.25%
Details Loan Amounts: Between $1,500,001 - $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 30 Year Fixed	7.25%	0	7.30%	30 Year Fixed
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 5/5/30 Year ARM	6.25%	0	7.40%	5/5/30 Year ARM
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 5/5/30 Year ARM	6.25%	0	7.42%	5/5/30 Year ARM
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 7/1/30 Year ARM	6.88%	0	7.45%	7/1/30 Year ARM
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Investment Property 10/1/30 Year ARM	7.13%	0	7.45%	10/1/30 Year ARM
Details Loan Amounts: Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 7/1/30 Year ARM	6.88%	0	7.47%	7/1/30 Year ARM
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Business Entity 10/1/30 Year ARM	7.13%	0	7.48%	10/1/30 Year ARM
Details Owner Occupied Up to 3MM, Investment Up To 2MM; Up To $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%

Spencer Savings Bank Home Equity & HELOC

Product	Rate	Points	APR	Term
Home Equity 5 Year Fixed	6.25%	-	6.25%	5 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Home Equity 7 Year Fixed	6.38%	-	6.38%	7 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Home Equity 10 Year Fixed	6.50%	-	6.50%	10 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Home Equity 15 Year Fixed	6.75%	-	6.75%	15 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Home Equity 20 Year Fixed	6.88%	-	6.88%	20 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Home Equity Fixed Rate Loan	7.00%	-	7.00%
Details As of 9/16/2026 the Prime Rate as published in the Wall Street Journal was 7.00% resulting in a rate of 7.00%. There is a Maximum Rate of 13.99% and a Floor Rate of 4.50%. Spencer's Home Equity Line of Credit has a variable rate feature during the 10-year draw period, and, as a result, the APR and the minimum payment can change monthly. Property must be an owner-occupied 1-4 family home in New Jersey or Bucks County, PA. Application Fees as follows: Lines up to $150,000: $350 (1 family). Lines above $150,000 up to $249,999: $400 (1 family), $550 (2-4 family), Lines of $250,000 or more: $450 (1 family), $700 (2-4 family). Optional Conversion Fee of $75 ($125 in the first year). Early Termination Fee if line is closed within the first 24 months: $300 (lines up to $100,000) or $500 (lines above $100,000). Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Home Equity SpencerFlex	-	-	7.00%
Details Rate Calculation: Prime Rate Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Home Equity 30 Year Fixed	7.13%	-	7.13%	30 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%

Spencer Savings Bank Other Rates

Product	Rate	Points	APY/APR	Term
5 Year Fixed	-	-	6.75%	5 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5 Year Fixed First Lien	-	-	5.50%	5 Year Fixed
Details Loan Amounts: Up To $250,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/5/30 Year Adjustable Rate Loan	6.63%	0	6.96%
Details Loan Amounts: Between $1,500,001 - $2,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/5/30 Year Adjustable Rate Loan	5.88%	0	6.66%
Details Loan Amounts: Up To $832,750 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/5/30 Year Adjustable Rate Loan	6.13%	0	6.76%
Details Loan Amounts: Between $832,751-$1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
5/5/30 Year Adjustable Rate Loan	6.38%	0	6.86%
Details Loan Amounts: Between $1,000,001-$1,500,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
7 Year Fixed	-	-	6.75%	7 Year Fixed
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
7 Year Fixed First Lien	-	-	5.50%	7 Year Fixed
Details Loan Amounts: Up To $250,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Special Homeowner Loan	8.00%	-	8.00%
Details The rate is the prime rate as published in the Wall Street Journal on the last business day of the month, plus 1.00%. As of 9/16/26 the Prime Rate was 7.00% resulting in a rate of 8.00%. Spencer's Home Equity Line of Credit has a variable rate feature during the 10-year draw period, and, as a result, the APR and the minimum payment can change monthly. Property must be an owner-occupied 1-4 family home in New Jersey located in Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Morris, Union or Somerset county. Borrowers must meet income eligibility requirements to qualify for this loan product. The special homeowner loan has no fees. Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Spencer Flex Line of Credit	4.99%	-	4.99%
Details Introductory rate and APR of 4.99% are effective for the first 6 months for all qualified applicants drawing a minimum of $25,000 or 10% of their total line (whichever is greater) at closing. Introductory rate will be discontinued for payment default or for balances converted to a fixed rate using the conversion option. After the expiration of the 6-month introductory rate, the variable APR will be based upon the Prime Rate as published in the Wall Street Journal. This promotion is valid on applications submitted by 10/31/2026. Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
SpencerFlex Line of Credit	-	-	8.00%
Details Loan Amounts: Up To $1,000,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
SpencerFlex Promo Loan	-	-	4.99%	6 Month
Details Guarantee; See Our Fixed Rates Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 12 Month	0.20%	-	0.20%	12 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 13 Month	3.78%	-	3.85%	13 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 18 Month	0.25%	-	0.25%	18 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 19 Month	3.59%	-	3.65%	19 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 24 Month	0.35%	-	0.35%	24 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 30 Month	0.45%	-	0.45%	30 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 36 Month	0.50%	-	0.50%	36 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 48 Month	0.55%	-	0.55%	48 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 6 Month	0.15%	-	0.15%	6 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 60 Month	0.65%	-	0.65%	60 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Coverdell Education Savings Application Agreement - 7 Month	3.75%	-	3.75%	7 Month
Min Deposit $500 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 12 Month Certificate of Deposit (CD) Checking	0.20%	-	0.20%	12 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 13 Month Certificate of Deposit (CD) Checking	3.78%	-	3.85%	13 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 18 Month Certificate of Deposit (CD) Checking	0.25%	-	0.25%	18 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 19 Month Certificate of Deposit (CD) Checking	3.59%	-	3.65%	19 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 24 Month Certificate of Deposit (CD) Checking	0.35%	-	0.35%	24 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 3 Month Certificate of Deposit (CD) Checking	0.10%	-	0.10%	3 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 30 Month Certificate of Deposit (CD) Checking	0.45%	-	0.45%	30 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 36 Month Certificate of Deposit (CD) Checking	0.50%	-	0.50%	36 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 48 Month Certificate of Deposit (CD) Checking	0.55%	-	0.55%	48 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 6 Month Certificate of Deposit (CD) Checking	0.15%	-	0.15%	6 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 60 Month Certificate of Deposit (CD) Checking	0.65%	-	0.65%	60 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Back 7 Month Certificate of Deposit (CD) Checking	3.75%	-	3.75%	7 Month
Min Deposit $1,000 Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Checking	3.93%	-	4.00%
Min Deposit $100 Min Balance $25,000 Details Qualifications Required: 12 debit card purchases which post and clear your account within one statement cycle; at least one ACH direct deposit or process at least one automatic debit which posts and clears your account within one statement cycle; establish and maintain a Spencer Online Banking relationship; elect to receive your monthly account statements via Online Banking; APY Range calculations are based on an assumed balance of $125,000 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days. An interest rate of 0.30% with an APY ranging from 4.00% to 1.04% depending on the balance in the account will be paid only for that portion of your daily balance that is more than $25,000. Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%
Kasasa Cash Checking	-	-	0.05%
Min Deposit $100 Details If you do not meet the qualification requirements for a statement cycle, your account will still function as a checking account earning 0.05% APY; however, it will not receive ATM fee refunds for that statement cycle. Last Updated 09/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.96%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Spencer Savings Bank’s Texas Ratio rose from 2.42% in Q3 2023 to 3.96% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$4.0B	3.96%	5.0	A+
March 31, 2026	$4.0B	3.63%	5.0	A+
December 31, 2025	$4.0B	4.03%	5.0	A+
September 30, 2025	$4.0B	4.62%	5.0	A+
June 30, 2025	$4.0B	4.64%	5.0	A+
March 31, 2025	$4.1B	3.42%	5.0	A+
December 31, 2024	$4.0B	2.03%	5.0	A+
September 30, 2024	$4.0B	1.57%	5.0	A+
June 30, 2024	$3.9B	1.82%	5.0	A+
March 31, 2024	$3.9B	2.65%	5.0	A+
December 31, 2023	$3.9B	2.37%	5.0	A+
September 30, 2023	$3.9B	2.42%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates 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 & Overview

Institution Name Spencer Savings Bank

FDIC Certificate # 30076

Address 611 River Dr, Elmwood Park, NJ 07407 · Bergen

Website https://www.spencersavings.com

Established 19390919

FDIC Insurance Date 19890809

Domestic Offices 28

Total Branches 28

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 98/100

5.0

Exceptional Out of 5.0 Stars

3.96%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.6345%

Return on Equity (ROE) 5.4100%

Non-Performing Loans (NPL) 0.47%

Total Assets $4,036,255,000

Total Deposits $3,039,745,000

Equity Capital $478,526,000

Net Income $12,795,000

Headquarters Elmwood Park

Total Branches and Offices 28

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

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Frequently Asked Questions About Spencer Savings Bank

How many branches does Spencer Savings Bank operate?

Spencer Savings Bank currently maintains approximately 28 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Spencer Savings Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Spencer Savings Bank provides members with tools to manage their accounts and build a solid financial history.

Does Spencer Savings Bank offer online and mobile banking?

Most modern institutions like Spencer Savings Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.spencersavings.com.