Want great value for your money? Tower Federal Credit Union offers competitive rates with low (or no) fees on checking accounts, savings accounts, and other deposit accounts.

Free Checking Accounts

Checking Account TypeDividend Rate %APY %Minimum to Open
Rates effective: 10/21/2018
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees can reduce earnings. Rates are subject to change. See additional disclosures.
Regular Checking0.050.05$10
Request Checking0.050.05$10

Savings Accounts

Savings Account TypeDividend Rate %APY %Minimum to Open
Rates effective: 10/21/2018
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees can reduce earnings. Rates are subject to change. See additional disclosures.
Prime Share0.650.65$5
Holiday Club0.650.65$5
You Name It Club0.650.65$5

Money Market Accounts

Money Market Account BalanceDividend Rate %APY %Minimum to Open
Rates effective: 10/21/2018
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees can reduce earnings. Rates are subject to change. See additional disclosures.
If the balance in your account drops below $2,500, the remaining funds will earn Tower's current checking account rate each day the account balance is below the minimum.
$0.00 to $2,499.990.050.05$2,500
$2,500 and above0.750.75$2,500

Share Certificates

Regular Share CertificatesDividend Rate %APY %Minimum to Open
Rates effective: 10/21/2018
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.
6 month1.741.75$500
1 year2.032.05$500
2 year2.472.50$500
3 year2.082.10$500
4 year2.232.25$500
5 year2.522.55$500
Bump-Up Share Certificates
4 year Bump-Up1.982.00$5,000
5 year Bump-Up2.282.30$5,000
Mini-Jumbo Share Certificates
4 year Mini-Jumbo2.332.35$20,000
5 year Mini-Jumbo2.622.65$20,000
Jumbo Share Certificates
30 - 90 days1.241.25$100,000
91 - 182 days1.341.35$100,000
183 - 273 days1.441.45$100,000
274 - 365 days1.691.70$100,000

IRAs

 Dividend Rate %APY %Minimum to Open
Rates effective: 10/21/2018
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.
IRA Club Account0.650.65$5
Regular IRA Share Certificates
1 year2.032.05$500
2 year2.472.50$500
3 year2.082.10$500
4 year2.232.25$500
5 year2.522.55$500
Bump-Up IRA Share Certificates
4 year Bump-Up1.982.00$5,000
5 year Bump-Up2.282.30$5,000
Mini-Jumbo IRA Share Certificates
4 year Mini-Jumbo2.332.35$20,000
5 year Mini-Jumbo2.622.65$20,000