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River Drive Center 3 - 611 River Dr
Elmwood Park, NJ 07407

Spencer Savings Bank is headquartered in Elmwood Park and is the 13th largest bank in the state of New Jersey. It is also the 334th largest bank in the nation. It was established in 1939 and as of June of 2016, it had grown to 253 employees at 22 locations. Spencer Savings Bank has an A health rating.

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Reviews (1)

Threatened To Take Our Money.

Posted by: Anonymous | Dec 24, 2010

Beware, as an account holder I was asked for ID and why I needed the balance on our account? I politely said the other party is deceased. Then I was told that due to the death of other named party they will seize and hold half of the account. I inquired about a CD that was there in both names and was told that they can charge a fee to close it out, and then I was told no fee will be charged. Make up your mind !!! If I get any more trouble I will retain an attorney and sue them for this. It will only add to there legal woes they have already.


Health Grade Components

FDIC Certificate #30076
Year Established1939
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.5%
Annual Interest Income$42.8MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$2.56B$2.52B
LoansQ2 2016vs Q2 2015$1.84B$1.81B
DepositsQ2 2016vs Q2 2015$1.81B$1.77B
Equity CapitalQ2 2016vs Q2 2015$290.0MM$279.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$14.3MM$13.4MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$16.6MM$15.6MM
Real Estate OwnedQ2 2016vs Q2 2015$2.5MM$767.00K
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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 Savings Account Rates

1.00%*$100*$25kStudentEdge Savings
OTHER TIERS: 0.25% $25k+
0.75%--SpencerKids Savings
0.25%*$50k*-Platinum Savings
OTHER TIERS: 0.10% $100 - $5k | 0.15% $5k - $25k | 0.20% $25k - $50k
0.25%--Vacation Club
0.25%--Holiday Club Account
0.20%*$1k*-IRA Savings
OTHER TIERS: 0.10% $100 - $1k
0.20%*$1k*-Roth IRA Savings
OTHER TIERS: 0.10% $100 - $1k
0.20%$100-Passbook Savings
0.15%*$5k*-Premium Savings
OTHER TIERS: 0.10% $100 - $5k

Spencer Savings Bank Money Market Rates

0.20%*$10k*-Premium Money Market
OTHER TIERS: 0.10% $100 - $10k

Spencer Savings Bank Checking Account Rates

0.10%$100-Spencer Gold Checking
0.10%*$35k*-Spencer Platinum Checking
OTHER TIERS: 0.05% $2,500 - $35k

Spencer Savings Bank CD Rates

1.50%$1k-60 Month CD
1.25%$1k-48 Month CD
1.00%$1k-36 Month CD
1.00%$1k-20 Month CD
0.75%$1k-30 Month CD
0.55%$1k-24 Month CD
0.45%$1k-12 Month CD
0.40%$1k-18 Month CD
0.35%$1k-10 Month CD
0.25%$1k-6 Month CD
0.15%$1k-91 Day CD

Spencer Savings Bank IRA Rates

1.50%$500-60 Month IRA
1.50%$500-60 Month Fixed CESA
1.25%$500-48 Month Fixed CESA
1.25%$500-48 Month IRA
1.00%$500-36 Month Fixed CESA
1.00%$500-36 Month IRA
1.00%$500-18 Month IRA
1.00%$500-18 Month Fixed CESA
0.55%$500-24 Month Fixed CESA
0.55%$500-24 Month IRA
0.45%$500-12 Month Fixed CESA
0.45%$500-12 Month IRA
0.25%$50-18 Month Variable CESA
0.25%$50-18 Month Variable IRA

Spencer Savings Bank has 22 locations. Click to view all Spencer Savings Bank locations.