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A Money Market account is an excellent way to grow your savings and still be able to withdraw funds when you need them.  This type of account is ideal for members who have at least $2,500 in savings and want greater access to their funds than a Share Certificate offers.

  • $2,500 minimum opening deposit
  • Earns daily dividends, credited monthly
  • Free checks
  • No monthly fees or service charges

You can withdraw funds from your Money Market account by check, telephone or online in Home Banking by transferring funds to another account or by pre-authorizing account debits.1

 

Current Rates

Open a Money Market account to earn higher dividends for higher balances. Minimum deposit to open the account is $2,500.
Money Market Account BalanceDividend Rate %APY %
$0.00 to $2,499.990.070.07
$2,500.00 to $49,999.990.550.55
$50,000.00 to $99,999.990.600.60
$100,000.00 to $249,999.990.750.75
$250,000.00 and above0.850.85
Rates effective: 9/25/2022
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees can reduce earnings. Rates are subject to change. See additional disclosures.

 

Open an Account

If you are a current Tower member, you can open a Money Market account by logging into Home Banking.

Not a member of Tower Federal Credit Union yet? 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.

  • 1

    Federal regulations limit the total number of electronic transfers from any non-transactional account – Prime Share (savings), Clubs, or Money Market – to six (6) per account per month. This includes overdraft transfers, online Cross Member Transfers and Funds Transfer, and cleared checks from a Money Market account. You can make an unlimited number of transfers and withdrawals through the mail, at an ATM, and in person at a branch. Transfers made to a Tower loan account are not included in the limitation of six per account per month. For additional information, refer to Tower’s Membership and Account Agreement.

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