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Spencer Savings Bank (MA) – Bank Rates and Review

editor — Fri, 20 Jan 2012 19:11:33 +0000

These rates are only available to residents of Massachusetts (MA), but I also wanted to take some time to let you know about some updates that will be coming down the pike. Over the next few months we will be completing an online database that will enable our rates pages to be more dynamic. As it is, each post has to be manually updated when rates change and I’m sure you get an idea of how much time that would take on a weekly basis.

We we will also be adding a 2nd navigation bar so that you can quickly view the top rates by term or rate. So if you are just looking for 1-year CD rates, click that button and that is what you will get. This should save you quite a bit of time in your rate searches.

And of course we will continue to offer our CD placement services to those that you want a little more attention or have larger portfolios that make rate finding more difficult.

And now for info on the bank. There are actually two Spencer Savings Banks. One in Massachusetts and one in New Jersey. This post is about the MA bank. The bank was founded in 1871. Like most banks in Massachusetts the bank carries dual insurance through the FDIC and Depositors Insurance Fund (DIF). The DIF insures all amounts above the FDIC limits. An interesting Tidbit: they weren’t covered by the FDIC until 1985. The dual insurance can be quite handy for depositors with large amounts at the bank.

FDIC#	90282
Stats Updated:	09/11
Star Rating:	3 1/2 (***)
Assets:	$373.8MM
Equity:	$48.9MM
Capital Ratio:	13.09%
Profits(loss):	$1.05M

Phone#:	(800) 547-2885
Address:	176 Main Street Spencer, MA 01562
Website:	https://www.spencersavingsbank.com

Spencer Savings Bank (MA) CD Rates

6-Months:	0.55%
7-Months:	0.65%
1-Year:	0.75%
13-Months:	0.85%
18-Months:	0.90%
2-Year:	1.15%
3-Year:	1.60%

Bank and Credit Union Reviews

ChrisCD — Fri, 14 May 2010 21:10:44 +0000

We have added a new section to the main part of our site. I may end up moving it to the blog, but for now, the blog will host Bank and Credit Union Reviews and the static site will host the rates by state. The short-story is the blogging software we use (WordPress) does have limitations when you want to be able create posts that would only show on certain pages. If you would like to share your experience(s) with a bank or credit union, please leave a comment here. Eventually, we hope to have a good set of information so others can make more educated decisions about where they decide to deposit their money. Have a blessed day. cd :O) CD Rate Update CA CD Rates

Updating Blog

editor — Wed, 01 Oct 2008 21:35:51 +0000

Good afternoon.

Just a quick note. Certain aspects of the blog may look out of sorts for a few days.

We will be working on a new design.

BTW, we would certainly love some comments on what we are trying to get to. Here is a link to, hopefully, what it will look like when we are done. Check-it out and come back and leave a comment.

cd :O)

Someone Elses Giveaway

editor — Wed, 13 Feb 2008 14:26:32 +0000

MoneyNing is having a give away and trying to build popularity at the same time.? I’ve read many of his entries?and enjoy the posts and the conversation. Check it out. cd :O)

Ever get an email like this

editor — Fri, 27 Jul 2007 13:44:07 +0000

I’m the son of a rich African farmer. My father has been assassinated and I inherited $7MM. I need to move the money out of…We need someone we can trust. Can you help us… When I get these I just delete them. THEY ARE A SCAM and you will lose lots of money if you accept the offer. But, here is someone that decided to play along. Checkout their post. It is very enlightening. A Fool and Their Money are Soon Parted cd :O)

We’re Back

editor — Mon, 25 Jun 2007 17:57:49 +0000

Yes, we are back and survived an 815 mile, 12-hour drive.? We had a great vacation.? Great hikes, eating, and even a Mountain Bike adventure.? I’ve updates most of our CD Rate related posts. cd :O)

Gettin’ the heck out of Dodge

editor — Fri, 15 Jun 2007 15:38:04 +0000

My family will be on vacation next week so don’t look for many posts, unless I can convince my wife that I need a computer fix. If you have any questions about the company or our services call 800-234-4605, my associates will certainly help.