IRA CD vs. IRA Savings | Spencer Savings Bank

Spencer’s IRAs are insured by the FDIC up to $250,000 per depositor.

	IRA CD	IRA Savings
Interest	Compounded daily and credited monthly	Compounded daily and credited monthly
Benefits	Term Change Option* Terms ranging from 1-5 years Minimum opening balance of $500 Fixed-rate for entire term Automatic renewal option	Offers account flexibility Make deposits at any time Minimum opening balance of $100 Variable-rate savings Earn money market rates
IRA Types	Available in Traditional or Roth	Available in Traditional or Roth
Rollover	Here at Spencer, we can help you consolidate your retirement funds with a quick and easy IRA rollover. Let one of our Retirement Specialists take care of the paperwork for you.

*One term change is allowed per year for customers over age 59 ½ without penalty.

Inquire online, visit your local Financial Center, or call us at 1-800-363-8115 today!