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 apply