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.
- No monthly fee or service charges
- Earns daily dividends (credited monthly)
- Free direct deposit of paychecks or other recurring income
- Unlimited access to over 30,000 free ATMs nationwide
- Free Home Banking and Mobile Banking, including free eStatements
- Option to use your Prime Share account as share overdraft protection for your Tower checking account.1
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.
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 Type | Dividend Rate % | APY % | Minimum to Open |
|---|---|---|---|
| Prime Share | 0.22 | 0.22 | $5 |
| Holiday Club | 0.22 | 0.22 | $5 |
| You Name It Club | 0.22 | 0.22 | $5 |
| Rates effective: 5/23/2022 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Fees can reduce earnings. Rates are subject to change. See additional disclosures. |
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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.