Featured Savings Rates
Featured Accounts

Spencer Savings Bank (MA)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.50%1-year CD1 Year CD
0.15%SavingsStatement Savings Account
1.00%3-year CD3 Year CD

Overview / Commentary
800-547-2885
176 Main Street
Spencer, MA 01562

Spencer Savings Bank (MA) is headquartered in Spencer and is the 63rd largest bank in the state of Massachusetts. It is also the 1,311th largest bank in the nation. It was established in 1871 and as of March of 2016, it had grown to 90 employees at 6 locations. Spencer Savings Bank (MA)'s money market rates are 3X the national average, and it has an A health rating.

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Health
A

Health Grade Components

Overall
FDIC Certificate #90282
Year Established1871
Employees90
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD3.77%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$531.2MM$469.7MM
LoansQ1 2016vs Q1 2015$424.1MM$373.4MM
DepositsQ1 2016vs Q1 2015$427.3MM$378.2MM
Equity CapitalQ1 2016vs Q1 2015$57.8MM$55.6MM
Loan Loss AllowanceQ1 2016vs Q1 2015$3.2MM$3.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$3.3MM$1.6MM
Real Estate OwnedQ1 2016vs Q1 2015$0$100.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Spencer Savings Bank (MA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Basic Savings Account
0.15%--Statement Savings Account
0.15%--Holiday Club Savings Account

Spencer Savings Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$500k*-Premier Money Market Account
OTHER TIERS: 0.20% $1k - $10k | 0.35% $10k - $50k | 0.65% $50k - $150k | 0.80% $150k - $350k | 1.00% $350k - $500k
0.70%*$500k*-Signature Money Market Account
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $50k | 0.35% $50k - $150k | 0.45% $150k - $350k | 0.55% $350k - $500k

Spencer Savings Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Classic Checking
0.10%--Relationship Checking
0.10%--Relationship Plus Checking
0.10%--DBA Checking

Spencer Savings Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-3 Year CD
0.95%$5k-24 Month Bump-Up CD
0.85%$500-2 Year CD
0.75%$5k-18 Month Bump-Up CD
0.65%$500-18 Month CD
0.50%$500-1 Year CD
0.35%$500-6 Month CD
0.20%$5k-91 Day CD

Spencer Savings Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-3 Year IRA
0.65%$500-18 Month IRA
0.50%$500-1 Year IRA
Locations


Spencer Savings Bank (MA) Locations
Leiceister Branch121 South Main StreetLeicester, MA 01524
Spencer Savings Bank176 Main StreetSpencer, MA 01562
278 Park Ave. Branch230 Park Ave.Worcester, MA 01609
Rutland Branch93 Main St.Rutland, MA 01543
Warren Branch968 Main St.Warren, MA 01083
Fair Plaza BranchFair Shopping Center, Route 9Spencer, MA 01562