Spratt Savings Account

Advantage Four Relationship Banking Package

Advantage Four is our new premium retail banking package. It is anchored with a Spratt Savings Bank checking account. You may select from among all of our retail products an additional three (3) services to bring the total number of services to four (4). Advantage Four certificates of deposit will pay our highest rates of interest. The checking account and certificate of deposit make up two of the required four services, add to that our free Thrift-E online banking and SOS (Spratt Overdraft Security) overdraft line of credit protection and you just qualified for Advantage Four. Consumer loans, mortgage loans and other retail loan products also count toward the four services. As an Advantage Four customer you may also qualify for discounts on retail loan products as well as higher rates paid on regular savings accounts. Contact us today for more information!

Statement Savings

Standard savings product with competitive rates. Fully descriptive statements are rendered quarterly.

Minor Savings Account

Statement Savings that can be opened for an individual 18 years or younger by parent or guardian.

Christmas Club Savings

We have received many requests to re-introduce this old favorite. We agree with many of you that now would be a good time to offer this very practical product. Customers have suggested that they would use this product as a tool for more than stashing away funds just for Christmas, it would be used to systematically save for other year-end expenses such as taxes or insurance. Whatever your need, see us today to open your account!

Money Market Demand Deposit Account

This account offers higher interest rates however the number of transactions is restricted.

Preferred Investment Account

This is an investment account paying higher interest with restricted transaction activity. Offers daily availability of funds. Interest is compounded daily and paid monthly.

Certificates of Deposit

Certificates are savings plans that pay a fixed rate of interest for a specified term.  Minimum opening balance requirements vary based on the term of the certificate.  Some certificates can be opened for as low as $500.  Automatic renewals are provided on all certificates for your convenience.  Spratt Savings Bank has competitive rates and terms to meet your investment and time horizon needs. We also offer outstanding “Specials” that we encourage you to investigate.

Health Savings Account

Our Health Savings Account is a tax-exempt*, custodial savings account for either individuals or families that are covered under a high deductible health plan. Withdrawn funds are restricted for the payment for qualified medical expenses.  Interest is earned on contributions that is compounded daily and paid quarterly.


 *Consult your tax advisor concerning contribution amounts and tax deductibility.

Lost or Stolen Card

Should you discover that your Spratt Savings Bank Debit Card has been lost or stolen, please call the following number immediately:


» NOTICE: The Federal Regulation that limits the number of third party transactions allowed per month on our Money Market Demand Account (MMDA) and our Preferred Investment Account has changed. Third party transactions are defined as those you do not conduct at the bank or at an ATM. Third party transactions include checks, electronic debits, drafts, debit card purchases, phone transfers to other accounts and online and phone banking transfers to other accounts. The regulation limited these to six, of which no more than three could be by check. The limit is still six, but now, all can be by check.

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs). It does not include other accounts, such as traditional checking, or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov

Bauer Five Star Rating Reward