SIGN UP FORGOT PASSWORD/USERNAME HELP Checking & Savings Rates Home » Bank » Checking & Savings Rates Want great value for your money? Tower Federal Credit Union offers competitive rates with low (or no) fees on checking accounts, savings accounts, and other accounts. Free Checking Accounts Checking Account Type Dividend Rate % APY % Minimum to Open Regular Checking 0.03 0.03 $10 Request Checking 0.03 0.03 $10 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Fees can reduce earnings. Rates are subject to change. See additional disclosures. Savings Accounts Savings Account Type Dividend Rate % APY % Minimum to Open Prime Share 0.12 0.12 $5 Holiday Club 0.12 0.12 $5 You Name It Club 0.12 0.12 $5 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Fees can reduce earnings. Rates are subject to change. See additional disclosures. Money Market Accounts 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 0.15 0.15 $2,500 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Fees can reduce earnings. Rates are subject to change. See additional disclosures. Share Certificates Limited Time Share Certificates Dividend Rate % APY % Minimum to Open 3 month 0.05 0.05 $5,000 9 month 0.30 0.30 $5,000 18 month 0.50 0.50 $5,000 Regular Share Certificates 6 month 0.20 0.20 $500 1 year 0.40 0.40 $500 2 year 0.45 0.45 $500 3 year 0.40 0.40 $500 4 year 0.50 0.50 $500 5 year 0.60 0.60 $500 Bump-Up Share Certificates 4 year Bump-Up 0.25 0.25 $5,000 5 year Bump-Up 0.35 0.35 $5,000 Mini-Jumbo Share Certificates 4 year Mini-Jumbo 0.60 0.60 $20,000 5 year Mini-Jumbo 0.70 0.70 $20,000 Jumbo Share Certificates 30 - 90 days 0.05 0.05 $100,000 91 - 182 days 0.10 0.10 $100,000 183 - 273 days 0.25 0.25 $100,000 274 - 365 days 0.35 0.35 $100,000 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Fees can reduce earnings. Rates are subject to change. Withdrawal of the Share Certificate funds before the maturity date will incur an early withdrawal penalty. The 3 month, 9 month, and 18 month Share Certificates will automatically renew at the next highest term Share Certificate unless the funds are withdrawn at maturity. The 3 month, 9 month, and 18 month Share Certificates are not offered on Individual Retirement Accounts. IRAs Dividend Rate % APY % Minimum to Open IRA Club Account 0.12 0.12 $5 Regular IRA Share Certificates 1 year 0.40 0.40 $500 2 year 0.45 0.45 $500 3 year 0.40 0.40 $500 4 year 0.50 0.50 $500 5 year 0.60 0.60 $500 Bump-Up IRA Share Certificates 4 year Bump-Up 0.25 0.25 $5,000 5 year Bump-Up 0.35 0.35 $5,000 Mini-Jumbo IRA Share Certificates 4 year Mini-Jumbo 0.60 0.60 $20,000 5 year Mini-Jumbo 0.70 0.70 $20,000 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Fees can reduce earnings. Rates are subject to change. Withdrawal of the Share Certificate funds before the maturity date will incur an early withdrawal penalty. Quick Links Loan Rates Financial Know How Calculators QUICK LINKS FAQs Privacy Notice Online Privacy Statement Disclosures Fees Sitemap Check Application Status CONTACT US 301-497-7000 866-56-TOWER 7901 Sandy Spring Road Laurel, Maryland 20707 ROUTING NUMBER 255077370 Facebook YouTube LinkedIn Federally insured by NCUA NMLS #586147 For convenience and informational purposes only, Tower's Website provides links to third-party Websites. Tower's Privacy Notice does not apply to these sites. © 2021 Tower Federal Credit Union. All Rights Reserved.