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From general-purpose savings to saving for a specific goal, savings accounts from Tower Federal Credit Union keep your money growing with competitive dividends and free services.

You can enjoy the peace of mind knowing that your money is safe here, because deposits at Tower are insured up to $250,000 by the National Credit Union Administration (NCUA)*.

With a Prime Share account, the first $5 establishes your lifetime membership at Tower and gives you the opportunity to take advantage of all of our great products and services.

Your Prime Share account comes with these free benefits, all designed to make your life easier.

A Prime Share account is a smart way to save for your future.  Tower also gives young members everything they will need to help them become smart savers and budgeters.  Learn more about Youth Accounts.

Not yet a member of Tower? See if you are eligible to join.

Open an Account

Saving for something specific? A Club account makes it easy to set money aside for different uses. From creating an emergency savings fund to saving for a new car, holiday expenses, or even a vacation, a Club account can help you reach your personal goals.

  • $5 minimum opening deposit per account
  • No minimum monthly balance requirement
  • No monthly fee or service charges
  • Earn daily dividends (credited monthly)

To make saving automatic, you can set up direct deposit allocations into your Club account(s).

We offer two types of Club accounts: the “You Name It” account and the Holiday Club account.

“You Name It” Club Savings Account

  • Name your “You Name It” club account whatever you want
  • Rename your account at any time through Home Banking
  • Deposit any amount, any time
  • Open up to 13 “You Name It” accounts

Holiday Club Savings Account

  • Deposit any amount, any time
  • Balance automatically transfers to your Prime Share account or checking account on or after October 1 of each year

To open either type of Club account, you must have a Tower Prime Share savings account. You can open Club accounts online through Home Banking.

Current Savings Account Rates

Savings Account TypeDividend Rate %APY %Minimum to Open
Prime Share0.850.85$5
Holiday Club0.850.85$5
You Name It Club0.850.85$5
Rates effective: 2/1/2023
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees can reduce earnings. Rates are subject to change. See additional disclosures.


For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.

* Learn more about your NCUA share insurance protection.

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    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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