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
|Money Market Account Balance||Dividend Rate %||APY %||Minimum to Open|
|$0.00 to $2,499.99||0.05||0.05||$2,500|
|$2,500 and above||0.11||0.11||$2,500|
|Rates effective: 5/29/2020
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.
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.