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 four Share Certificate options:
- 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.
|Regular Share Certificates||Dividend Rate %||APY %||Minimum to Open|
|Rates effective: 2/17/2019
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.
|Bump-Up Share Certificates|
|4 year Bump-Up||2.18||2.20||$5,000|
|5 year Bump-Up||2.52||2.55||$5,000|
|Mini-Jumbo Share Certificates|
|4 year Mini-Jumbo||2.52||2.55||$20,000|
|5 year Mini-Jumbo||2.86||2.90||$20,000|
|Jumbo Share Certificates|
|30 - 90 days||1.54||1.55||$100,000|
|91 - 182 days||1.64||1.65||$100,000|
|183 - 273 days||2.08||2.10||$100,000|
|274 - 365 days||2.33||2.35||$100,000|
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 Certifcates 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.