Routing Number | 255077370

Save hundreds - or thousands - of dollars with our low rates.

You shouldn't pay a high price for borrowing money. By keeping loan rates low, we limit your overall interest charges on vehicle financing, mortgages, home equity loans, and personal loans.

Consumer Loans

Credit Cards

Effective Date: May 25, 2024
Mastercard Type APR % (as low as)
World Card16.24*†
Gold Card10.90*
Empower Card13.24*3
*Credit Card APR – Annual Percentage Rates effective date is subject to change. Rates and credit lines based on creditworthiness and qualifications.
 
World Card Intro APR – The 1.99% Introductory APR is for 12 months as of account opening. After that, the Standard APR will be 16.24% – 17.99%. This APR will vary with the market based on the Prime Rate. Variable Rate World Mastercard: The Annual Percentage Rate(APR) may increase or decrease if the highest rate of interest identified as the 'PrimeRate' in the 'Money Rates' column of the Wall Street Journal increases or decreases. The APR will be equal to the Prime Rate in effect the first business day of the month preceding the rate change plus a margin of 7.74% – 12.74%.The interest rate can change quarterly in the first credit card cycle that occurs in the quarter following the rate change. The APR will never be more than 17.99%. Any increase may lengthen the time it takes to pay off your balance.
^The Intro Cash Back offer will appear as 10,000 bonus points added to the myTowerRewards account after the 3 month introductory period and can be redeemed for cash back.
1For Program Terms and Conditions, please visit myTowerRewards. Minimum $25 to redeem for cash back.
 
3Empower Mastercard Balance Transfer Intro APR –The 0% Introductory Annual Percentage Rate (APR) is for balances transferred from another lender within the first 60 days of account opening and applies for six (6) months from the date of the transfer. Balance transfer fee is 2.50% of the amount of each transfer. After that, the Standard APR will be 13.24% – 17.99%. Range of Rates effective: 5/25/2024 and vary with the market based on the Prime Rate. Empower Mastercard Variable Rate- The Annual Percentage Rate (APR) may increase or decrease if the highest rate of interest identified as the 'Prime Rate' in the 'Money Rates' column of The Wall Street Journal increases or decreases. The APR will be equal to the Prime Rate in effect the first business day of the month preceding the rate change plus a margin of 4.74% – 14.74%. The interest rate can change quarterly in the first credit card cycle that occurs in the quarter following the rate change. The APR will never be more than 17.99%. Any increase may lengthen the time it takes to pay off your balance.
4The $50 will appear as a statement credit after the three-month introductory period.
5Foreign Transaction Fee of 1.00% per purchase.

Auto Loans

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
365.24$30.08
485.99$23.48
605.99$19.33
726.49$16.81
847.99$15.58
APR = Annual Percentage Rate.
Annual Percentage Rates are subject to change. Includes a 0.25% discount for enrollment in automatic monthly loan payments. Not all applicants will qualify for the lowest rate. Rates, terms and conditions vary based on credit worthiness and program requirements. Other conditions including acceptable collateral apply.

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
365.24$30.08
485.99$23.48
605.99$19.33
726.49$16.81
847.99$15.58
APR = Annual Percentage Rate.
Annual Percentage Rates are subject to change. Includes a 0.25% discount for enrollment in automatic monthly loan payments. Not all applicants will qualify for the lowest rate. Rates, terms and conditions vary based on credit worthiness and program requirements. Other conditions including acceptable collateral apply.

Boat Loans

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
366.74$30.76
486.74$23.83
606.74$19.68
726.74$16.92
849.25$16.22
12011.75$14.20
14412.00$13.13
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
366.74$30.76
486.74$23.83
606.74$19.68
726.74$16.92
849.25$16.22
12011.75$14.20
14412.00$13.13
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.

Motorcycle Loans

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
366.99$30.87
486.99$23.94
606.99$19.80
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
366.99$30.87
486.99$23.94
606.99$19.80
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.

Recreational Vehicle Loans

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
367.24%$30.99
487.24%$24.06
607.24%$19.91
727.24%$17.16
849.75%$16.47
12012.25%$14.49
14412.50%$13.44
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.
* Recreational Vehicles are vehicles which are driven and are equipped with living quarters. For other secured loans (i.e. travel trailers), please see the Other Secured Loan rates.

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
367.24%$30.99
487.24%$24.06
607.24%$19.91
727.24%$17.16
849.75%$16.47
12012.25%$14.49
14412.50%$13.44
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.
* Recreational Vehicles are vehicles which are driven and are equipped with living quarters. For other secured loans (i.e. travel trailers), please see the Other Secured Loan rates.

Personal Line of Credit

Effective Date: May 25, 2024
% Above Index Daily Periodic Rate APR% (as low as)
6.150.040137%14.65%
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. See additional disclosures.

Signature Loan

Effective Date: May 25, 2024
Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed)
127.24%$86.64
247.24%$44.88
367.24%$30.99
487.99%$24.41
607.99%$20.27
728.74%$17.90
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness.

Home Improvement Loan

Effective Date: May 25, 2024
Term (in months) APR % (as low as) Monthly Payment (per $1,000 borrowed)
Up to 367.49%$31.10
488.24%$24.53
608.24%$20.39
728.99%$18.02
849.74%$16.47
1209.74%$13.07
*Annual Percentage Rates are subject to change. The rate shown includes a 0.25% discount for enrollment in automatic monthly loan payments. Not all applicants will qualify for the lowest rate. Rates, terms, and conditions may vary based on creditworthiness and program requirements. Proof of homeownership and copy of contractor's estimate or comparable quote is required before funding. Loan funds must be used for the sole purpose of home improvements on a single family home, townhouse, or condo (mobile homes and multi-unit properties are excluded from this program). Owner-Occupied/Primary Residence only. All borrower(s) on the loan must have an ownership interest in the property being improved. Other qualifications may apply.

Share Secured & Certificate Secured Loans

Effective Date: May 25, 2024
Share Secured - Variable Rate Certificate Secured - Fixed Rate
3% above Prime Share Dividend Rate3% above Share Certificate Rate
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change.
Share Secured Loans
Any increase or decrease in APR will result in a change to the scheduled monthly payment. Any increase will take the form of higher payments.
Certificate Secured Loans
Bump-Up certificates are not eligible for CD Secured loans.
The maximum repayment term is the remaining term of the CD being used as collateral minus 1 month.

Other Secured Loans

This loan type is for the purchase or refinance of: ATVs, jet skis, snowmobiles, pull-behind trailers, travel trailers, UTVs and cash out refinances using an auto or truck with a clear title.

Effective Date: May 25, 2024
Term (in months) APR % (as low as) Monthly Payment (per $1,000 borrowed)
3610.54$32.52
4810.54$25.62
6010.54$21.51
7210.79$18.93
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.

Home Loans

Mortgages

Rates are subject to change at anytime.

The rates and points listed below do not take into consideration possible adjustments based on an evaluation of the following:
Member's credit score, Loan-to-Value, Combined Loan-to-Value, subordinate financing, occupancy, appraised value, down payment, property type, property use, and loan purpose; so rates and points may differ for individuals.
For more information on rates, or additional products, or to apply for a mortgage loan, speak to a loan advisor at 866-56-TOWER.
Multiply the payment factor by each thousand dollars borrowed for the monthly payment.
Mortgage insurance premium, taxes and homeowners insurance not included, your actual payment obligation will be higher.

First Mortgage Rates - Fixed

Effective Date: May 25, 2024
Loan Type Rates (as low as) Points APR (as low as) Payment Factor (per $1,000)
30 Year7.000%0.3757.059%$6.65
30 Year6.875%0.8756.984%$6.57
30 Year6.750%1.3756.933%$6.49
30 Year - 100% Financing *7.250%0.3758.699%$6.82
30 Year - 100% Financing *7.125%0.8758.629%$6.74
30 Year - 100% Financing *7.000%1.3758.588%$6.65
30 Year VA ***7.500%0.0007.672%$6.99
30 Year VA ***7.375%0.5007.598%$6.91
30 Year VA ***7.250%1.0007.549%$6.82
20 Year6.500%0.3756.575%$7.46
20 Year6.375%0.8756.513%$7.38
20 Year6.250%1.3756.483%$7.31
15 Year6.875%0.1256.971%$8.92
15 Year6.750%0.5006.927%$8.85
15 Year6.625%0.2506.841%$8.78
10 Year6.500%0.1256.631%$11.35
10 Year6.375%0.3756.618%$11.29
10 Year6.250%0.7506.548%$11.23
30 Year Jumbo7.500%0.3757.533%$6.99
30 Year Jumbo7.375%0.8757.459%$6.91
30 Year Jumbo7.250%1.3757.410%$6.82
30 Year Jumbo - 100% Financing **7.750%0.3759.153%$7.16
30 Year Jumbo - 100% Financing **7.625%0.8759.113%$7.08
30 Year Jumbo - 100% Financing **7.500%1.3759.015%$6.99
15 Year Jumbo7.375%0.1257.429%$9.20
15 Year Jumbo7.250%0.5007.385%$9.13
15 Year Jumbo7.125%0.2507.301%$9.06
10 Year Jumbo7.000%0.1257.071%$11.61
10 Year Jumbo6.875%0.3757.055%$11.55
10 Year Jumbo6.750%0.7506.965%$11.48
15 Year Land7.625%0.0007.977%$9.34
15 Year Land7.500%0.5007.914%$9.27
15 Year Land7.375%1.0007.830%$9.20
Notes for First Mortgage Rates:
* 100% financing available for purchases of primary residences in MD, DC, VA, TX, CO and FL for loan amounts up to $766,550 and LTV's of 97.01% to 100%. (Condominiums are excluded for FL.)

**100% Jumbo financing available for purchases of primary residences in MD, DC, and VA for loan amounts from $766,551 to $1,149,825 and LTV's of 95.01% to 100%.

All loans are subject to application and credit approval. Not all applicants will qualify for 100% financing. Private mortgage insurance, homeowner's insurance, flood insurance (if applicable) required. Other terms and conditions will apply.

*** 30 Year VA financing available in MD and VA only.
Second/Vacation home loans are available for most products.
Mobile Home/Manufactured Home loans are available for fixed rates only. An additional .50% will be added to the rate.
Jumbo loans are available for loan amounts from $766,551 to $1,400,000.
Investment Property loans are available for fixed rate 15, 20, 30 year terms.
For rate/term refinance transactions, the maximum LTV is 75% (cash-out not available)
Investment Property loans have a maximum loan limit of $766,550.
(Some restrictions apply)
APR for Conforming loans is based on a loan amount of $375,000.
APR for VA loans is based on a loan amount of $455,000.
APR for Jumbo 100% loans is based on a loan amount of $815,000.
APR for Jumbo loans is based on a loan amount of $815,000.

First Mortgage Adjustable Rates

Effective Date: May 25, 2024
Loan Type Rates (as low as) Points APR (as low as) Payment Factor (per $1,000)
1 Year ARM6.000%0.0007.748%$6.00
1 Year ARM5.750%1.0007.816%$5.84
3 Year ARM6.125%0.0007.463%$6.08
3 Year ARM5.875%1.0007.497%$5.92
5 Year ARM6.250%0.0007.267%$6.16
5 Year ARM6.000%1.0007.265%$6.00
5 Year ARM - 100% Financing *6.500%0.0008.846%$6.32
5 Year ARM - 100% Financing *6.250%1.0008.850%$6.16
7 Year ARM6.500%0.0007.205%$6.32
7 Year ARM6.250%1.0007.174%$6.16
1 Year ARM Jumbo6.500%0.0007.994%$6.32
1 Year ARM Jumbo6.250%1.0008.073%$6.16
3 Year ARM Jumbo6.625%0.0007.748%$6.40
3 Year ARM Jumbo6.375%1.0007.782%$6.24
5 Year ARM Jumbo6.750%0.0007.586%$6.49
5 Year ARM Jumbo6.500%1.0007.584%$6.32
5 Year ARM Jumbo - 100% Financing **7.000%0.0009.039%$6.65
5 Year ARM Jumbo - 100% Financing **6.750%1.0009.043%$6.49
7 Year ARM Jumbo7.000%0.0007.554%$6.65
7 Year ARM Jumbo6.750%1.0007.523%$6.49
Current ARM Index - 1 Year Treasury5.140%
Notes for First Mortgage Rates:
* 100% financing available for purchases of primary residences in MD, DC, VA, TX, CO and FL for loan amounts up to $766,550 and LTV's of 97.01% to 100%. (Condominiums are excluded for FL.)

**100% Jumbo financing available for purchases of primary residences in MD, DC, and VA for loan amounts from $766,551 to $1,149,825 and LTV's of 95.01% to 100%.

All loans are subject to application and credit approval. Not all applicants will qualify for 100% financing. Private mortgage insurance, homeowner's insurance, flood insurance (if applicable) required. Other terms and conditions will apply.

*** 30 Year VA financing available in MD and VA only.
Second/Vacation home loans are available for most products.
Mobile Home/Manufactured Home loans are available for fixed rates only. An additional .50% will be added to the rate.
Jumbo loans are available for loan amounts from $766,551 to $1,400,000.
Investment Property loans are available for fixed rate 15, 20, 30 year terms.
For rate/term refinance transactions, the maximum LTV is 75% (cash-out not available)
Investment Property loans have a maximum loan limit of $766,550.
(Some restrictions apply)
APR for Conforming loans is based on a loan amount of $375,000.
APR for VA loans is based on a loan amount of $455,000.
APR for Jumbo 100% loans is based on a loan amount of $815,000.
APR for Jumbo loans is based on a loan amount of $815,000.

Home Equity Loans

Rates are subject to change at anytime.
APR = Annual Percentage Rate.
Multiply the payment factor by each thousand dollars borrowed for the monthly payment.

Effective Date: May 25, 2024
Loan Type Rate APR Payment Factor (per $1,000)
15 Year - up to 80% LTV / CLTV8.490%8.448%$9.84
15 Year - from 80.01% to 100% LTV / CLTV9.490%9.487%$10.44
10 Year - up to 80% LTV / CLTV8.000%7.999%$12.13
10 Year - from 80.01% to 100% LTV / CLTV9.000%8.977%$12.67
7 Year - up to 80% LTV / CLTV7.750%7.778%$15.46
7 Year - from 80.01% to 100% LTV / CLTV8.750%8.776%$15.96
5 Year - up to 80% LTV / CLTV7.500%7.539%$20.04
5 Year - from 80.01% to 100% LTV / CLTV8.500%8.535%$20.52
Home Equity Loans
Maximum loan amount for a 5 year and 7 year term is $100,000
Maximum loan amount for a 10 year and 15 year term is:
$250,000 for LTV / CLTV > 80%
$350,000 for LTV / CLTV < 80%
APR for 5 year and 7 year terms is based on a loan amount of $100,000
APR for 10 year and 15 year terms is based on a loan amount of $250,000

30 Year Amortization / 15 Year Balloon Loans
30 yr. amortization / 15 yr. balloon loans must be paid at maturity with a lump sum or balloon payment
APR for 30 yr. amortization / 15 yr. balloon loan is based on a loan amount of $250,000

Home Equity Line of Credit (HELOC)
HELOC minimum monthly payment will be based on the outstanding balance.
For a HELOC up to 80% LTV / CLTV, maximum loan amount is $350,000, variable rate is based on Prime rate minus 0.50%
For a HELOC 80.01 – 100% LTV / CLTV, maximum loan Amount is $250,000, variable rate is based on Prime rate plus 1.00%
APR can change each quarter. The maximum APR is 18%
Current Prime Rate is capped at 8.25% for Home Equity Lines of Credit through 06/30/2024. After 07/01/2024, the variable rate calculation will resume using the most recently published Wall Street Journal Prime Rate plus the disclosed margin.

Closing Costs
For loan amounts up to $250,000, closing cost typically range between $500 and $3,000. Homeowner's insurance is required.
Closing costs paid by Tower on Member's behalf must be repaid if line of credit or loan is closed within the first 24 months.
Closing costs depend on the property location, property type, occupancy and loan amount.

General Home Equity Disclosures
Combined loan/line amounts secured by subject property may not exceed $2.0 million for LTV's / CLTV's > 80%.
Available in all states except Texas

Effective Date: May 25, 2024
Loan Type Rates APR Payment Factor (per $1,000)
30/15 up to 80% LTV / CLTV8.990%8.988%$8.04
30/15 from 80.01% to 100% LTV / CLTV9.990%9.987%$8.77
Home Equity Loans
Maximum loan amount for a 5 year and 7 year term is $100,000
Maximum loan amount for a 10 year and 15 year term is:
$250,000 for LTV / CLTV > 80%
$350,000 for LTV / CLTV < 80%
APR for 5 year and 7 year terms is based on a loan amount of $100,000
APR for 10 year and 15 year terms is based on a loan amount of $250,000

30 Year Amortization / 15 Year Balloon Loans
30 yr. amortization / 15 yr. balloon loans must be paid at maturity with a lump sum or balloon payment
APR for 30 yr. amortization / 15 yr. balloon loan is based on a loan amount of $250,000

Home Equity Line of Credit (HELOC)
HELOC minimum monthly payment will be based on the outstanding balance.
For a HELOC up to 80% LTV / CLTV, maximum loan amount is $350,000, variable rate is based on Prime rate minus 0.50%
For a HELOC 80.01 – 100% LTV / CLTV, maximum loan Amount is $250,000, variable rate is based on Prime rate plus 1.00%
APR can change each quarter. The maximum APR is 18%
Current Prime Rate is capped at 8.25% for Home Equity Lines of Credit through 06/30/2024. After 07/01/2024, the variable rate calculation will resume using the most recently published Wall Street Journal Prime Rate plus the disclosed margin.

Closing Costs
For loan amounts up to $250,000, closing cost typically range between $500 and $3,000. Homeowner's insurance is required.
Closing costs paid by Tower on Member's behalf must be repaid if line of credit or loan is closed within the first 24 months.
Closing costs depend on the property location, property type, occupancy and loan amount.

General Home Equity Disclosures
Combined loan/line amounts secured by subject property may not exceed $1.35 million for LTV's / CLTV's > 80%.
Available in all states except Texas

Effective Date: May 25, 2024
Loan Type Rate APR Payment Factor (per $1,000)
Home Equity Line of Credit up to 80% LTV / CLTV7.750%7.750%$6.46
Home Equity Line of Credit from 80.01% to 100% LTV / CLTV9.250%9.250%$7.71
Home Equity Loans
Maximum loan amount for a 5 year and 7 year term is $100,000
Maximum loan amount for a 10 year and 15 year term is:
$250,000 for LTV / CLTV > 80%
$350,000 for LTV / CLTV < 80%
APR for 5 year and 7 year terms is based on a loan amount of $100,000
APR for 10 year and 15 year terms is based on a loan amount of $250,000

30 Year Amortization / 15 Year Balloon Loans
30 yr. amortization / 15 yr. balloon loans must be paid at maturity with a lump sum or balloon payment
APR for 30 yr. amortization / 15 yr. balloon loan is based on a loan amount of $250,000

Home Equity Line of Credit (HELOC)
HELOC minimum monthly payment will be based on the outstanding balance.
For a HELOC up to 80% LTV / CLTV, maximum loan amount is $350,000, variable rate is based on Prime rate minus 0.50%
For a HELOC 80.01 – 100% LTV / CLTV, maximum loan Amount is $250,000, variable rate is based on Prime rate plus 1.00%
APR can change each quarter. The maximum APR is 18%
Current Prime Rate is capped at 8.25% for Home Equity Lines of Credit through 06/30/2024. After 07/01/2024, the variable rate calculation will resume using the most recently published Wall Street Journal Prime Rate plus the disclosed margin.

Closing Costs
For loan amounts up to $250,000, closing cost typically range between $500 and $3,000. Homeowner's insurance is required.
Closing costs paid by Tower on Member's behalf must be repaid if line of credit or loan is closed within the first 24 months.
Closing costs depend on the property location, property type, occupancy and loan amount.

General Home Equity Disclosures
Combined loan/line amounts secured by subject property may not exceed $1.35 million for LTV's / CLTV's > 80%.
Available in all states except Texas