CDs and IRAs Rates - Spencer Savings Bank

CDs and IRAs Rates By: Spencer Savings | www.spencersavings.com

OVERVIEW Whether you simply want to earn a higher interest rate or are saving for long-term goals like retirement or a child’s 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 child’s 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.

Certificates of Deposit (CDs) Spencer’s 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

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Individual Retirement Accounts (IRAs) Every Adventure Starts with Saving In addition to this attractive rate, Spencer’s 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 WWW.SPENCERSAVINGS.COM

Variety of terms available to meet your needs FDIC insured up to $250,000 per depositor

Coverdell Education Savings Account With college costs constantly on the rise, saving for your child’s education should be started as early as possible. That’s why Spencer offers Coverdell Education Savings Accounts. This special savings account can be a powerful tool to help parents efficiently save for their child’s 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

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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. We’ve 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 Jersey’s 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, Spencer’s 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, you’ll 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. We’re 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.

CONTACT US Mailing Address 611 River Drive, Elmwood Park, NJ 07407

Email Address personalaccounts@spencersavings.com

Phone number 1-800-363-8115