CDs and IRAs Rates - Spencer Savings Bank

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CDs and IRAs Rates
By Spencer Savings www.spencersavings.com
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OVERVIEW
Whether you simply want to earn a higher interest
rate or are saving for long-term goals like
retirement or a childs education, Spencer
Savings Bank offers a variety of competitive
savings options to help. We have several choices
in both the categories of Certificates of
Deposit (CDs) and Individual Retirement Accounts
(IRAs). We also offer the Coverdell Savings
account as a great tool to save for your childs
education. If you need to know the best CD rates,
you can head on over to the personal rates page.
It is never too early to start saving for the
future or take advantage of a great annual
percentage yield.
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Certificates of Deposit (CDs)
Spencers Certificate of Deposit accounts provide
a convenient way to earn more. Use your funds to
gain a higher rate of interest than a regular
savings account. We offer a variety of CD terms
to choose from. Stop by your local branch and
sit with your branch representative to see which
option is best for you. Competitive Annual
Percentage Yields 1,000 minimum opening
deposit Various terms from 91 days to 60 months
to fit your investment goals Simple monthly
interest paid for terms less than 12 months
Compounded daily and credited monthly for terms
12 months or greater Convenient automatic
renewals Premium pricing for Spencer Plus,
Spencer Platinum and Spencer Gold
customers Choice of a monthly check or
automatically transfer funds to another Spencer
account Premature withdrawal penalties may
applyApply Now
W W W . S P E N C E R S A V I N G S . C O M
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Individual Retirement Accounts (IRAs)
Every Adventure Starts with Saving In addition to
this attractive rate, Spencers NJ IRA accounts
allow for one annual penalty-free rate and term
change for customers over 59 1/2 years of
age. An Individual Retirement Account (IRA) can
be an effective retirement tool. An IRA from
Spencer is exclusively designed to provide you
with tax advantages while you save for
retirement. There are two types available
Traditional and Roth. Opening an IRA now and
contributing to it regularly can create a secure
retirement scenario for your future. Every
Adventure Starts with Saving Competitive Annual
Percentage Yields Hassle-free rollovers and
transfers Minimum to open as low as 500
Variety of terms available to meet your needs
FDIC insured up to 250,000 per depositor
W W W . S P E N C E R S A V I N G S . C O M
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Coverdell Education Savings Account
With college costs constantly on the rise, saving
for your childs education should be started as
early as possible. Thats why Spencer offers
Coverdell Education Savings Accounts. This
special savings account can be a powerful tool to
help parents efficiently save for their childs
future while gaining exclusive benefits only
available with a Coverdell Education Savings
Account. Stop by your local branch today to see
if a Coverdell Education Savings Account is right
for you. Every Adventure Starts with
Saving Various Investment Terms to Choose
From Interest is Compounded Daily and Credited
Monthly Contribution limit of 2,000 Per
Child Spencer Offers the Convenience of Automatic
Renewals
W W W . S P E N C E R S A V I N G S . C O M
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ABOUT US

• Spencer Savings Bank is a full service, mutually
  owned and operated, community bank operating 21
  branches across New Jersey. Weve been in
  business for over 100 years, have more than 2.7
  billion in assets and a team of nearly 300
  dedicated employees who specialize in delivering
  premier banking products and services.
• Spencer prides itself on being one of New
  Jerseys strongest community banks maintaining
  its distinct image of trust, security and
  commitment to its customers throughout all these
  years. We meet the full range of individual,
  business, commercial, and municipal banking
  needs through our broad menu of banking products
  and services. From basic personal checking
  services and small business products to
  financing expertise on multi-million dollar
  properties and commercial enterprises, Spencers
  banking capabilities are on par with those of the
  larger regional and national banks. Our highly
  experienced management team provides a unique and
  personal approach to banking locally, servicing
  its customers with an exceptional level of care
  that can rarely be found at larger banks.
• At Spencer, we understand the importance of
  getting to know you as a customer. Not only will
  you have access to our broad menu of banking
  capabilities, youll also receive the personal
  attention you deserve as a valued customer. By
  taking the time to understand your needs, we
  become partners in the success of your business
  and personal financial goals. Were also proud to
  partner with our neighbors to improve the
  quality of life for our community. With our roots
  as a community bank, we proudly support local
  business and workforce initiatives in the areas
  we serve, in addition to numerous civic groups,
  charitable organizations and youth educational
  programs.

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CONTACT US
Mailing Address 611 River Drive, Elmwood Park, NJ
07407 Email Address personalaccounts_at_spencersavi
ngs.com Phone number 1-800-363-8115