2 Year Share Certificate now 4.10% APY.
A Share Certificate from Tower can help you earn higher dividends when you commit to saving for a specific period of time. Whether you have a small nest egg or a large sum to invest, it’s a secure way to grow your money risk-free.
- Earn competitive dividend rates
- Choose from a variety of term lengths
- Funds are insured up to $250,000 by the National Credit Union Administration*
We offer multiple Share Certificate options:
- Special Share Certificates require a minimum balance of $5,000. They are offered for terms of three months, nine months, and eighteen months for a limited time only.†
- Regular Share Certificates offer the most term length options and require the lowest initial deposit, at $500. They are offered for terms of six months, or one to five years
- Bump-Up Share Certificates allow you to “bump up” to a higher rate once during the term if rates rise. They require a minimum deposit of $5,000 and offer terms of four and five years
- Mini-Jumbo Share Certificates offer longer terms for greater deposit amounts. The minimum deposit is $20,000 and terms are four and five years
- Jumbo Share Certificates offer shorter terms on large deposits. At least $100,000 must be deposited for terms ranging from 30 days to one year
We also offer IRA Share Certificate options.
If you have $2,500 or more in savings but want to be able to access your funds without penalty, you may want to consider our Money Market account.
|Special Share Certificates†||Dividend Rate %||APY %||Minimum to Open|
|Regular Share Certificates|
|Bump-Up Share Certificates|
|4 year Bump-Up||2.37||2.40||$5,000|
|5 year Bump-Up||2.42||2.45||$5,000|
|Mini-Jumbo Share Certificates|
|4 year Mini-Jumbo||2.67||2.70||$20,000|
|5 year Mini-Jumbo||2.76||2.80||$20,000|
|Jumbo Share Certificates|
|30 - 90 days||1.14||1.15||$100,000|
|91 - 182 days||1.29||1.30||$100,000|
|183 - 273 days||3.11||3.15||$100,000|
|274 - 365 days||3.50||3.55||$100,000|
|Rates effective: 2/1/2023
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees can reduce earnings. Rates are subject to change. Withdrawal of the Share Certificate funds before the maturity date will incur an early withdrawal penalty.
The 3 month, 9 month, and 18 month Share Certificates will automatically renew at the next highest term Share Certificate unless the funds are withdrawn at maturity. The 3 month, 9 month, and 18 month Share Certificates are not offered on Individual Retirement Accounts.†
* Learn more about your NCUA share insurance protection.
Open an Account
If you are a current Tower member, you can open a Regular, a Bump-Up, or a Mini-Jumbo Share Certificate by logging into Home Banking. All Share Certificates can be opened by visiting a Tower branch or by calling our Member Service Center.
Not yet a member of Tower? See if you are eligible to join.
For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.