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:
- Limited Time 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.
Current Rates
| Limited Time Share Certificates | Dividend Rate % | APY % | Minimum to Open |
|---|---|---|---|
| 3 month | 0.05 | 0.05 | $5,000 |
| 9 month | 0.30 | 0.30 | $5,000 |
| 18 month | 0.50 | 0.50 | $5,000 |
| Regular Share Certificates | |||
| 6 month | 0.20 | 0.20 | $500 |
| 1 year | 0.40 | 0.40 | $500 |
| 2 year | 0.45 | 0.45 | $500 |
| 3 year | 0.40 | 0.40 | $500 |
| 4 year | 0.50 | 0.50 | $500 |
| 5 year | 0.60 | 0.60 | $500 |
| Bump-Up Share Certificates | |||
| 4 year Bump-Up | 0.25 | 0.25 | $5,000 |
| 5 year Bump-Up | 0.35 | 0.35 | $5,000 |
| Mini-Jumbo Share Certificates | |||
| 4 year Mini-Jumbo | 0.60 | 0.60 | $20,000 |
| 5 year Mini-Jumbo | 0.70 | 0.70 | $20,000 |
| Jumbo Share Certificates | |||
| 30 - 90 days | 0.05 | 0.05 | $100,000 |
| 91 - 182 days | 0.10 | 0.10 | $100,000 |
| 183 - 273 days | 0.25 | 0.25 | $100,000 |
| 274 - 365 days | 0.35 | 0.35 | $100,000 |
| Rates effective: 1/21/2022 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. |
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* 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.