Find the most updated Tower Federal Credit Union promotions, bonuses, and offers here.
Right now, new members can earn $300 for opening a checking account.
About Tower Federal Credit Union Promotions
Tower Federal Credit Union was formed in 1953 when its seven original members pooled together their money, each contributing $5. Since its inception, Tower has grown to be the largest federal credit union in Maryland with $3.15 billion in assets and 187,953 members worldwide.
| Eligibility: Tower Federal Credit Union’s field of membership includes a variety of companies, businesses and associations located in our primary service area. If you are an employee or member of an organization in our field of membership, you are eligible for membership. See current membership details |
We will review the current Tower Federal Credit Union promotions below.
Tower Federal Credit Union $100 Referral Bonus
- What you’ll get: $100 bonus
- Account: Checking
- Availability: MD (Bank Locator)
- Direct Deposit Requirement: Yes, $1000+ (see what works)
- Credit Inquiry: Soft Pull
- ChexSystems: No
- Credit Card Funding: Can fund up to $500 with a credit card
- Monthly Fees: None
- Early Account Termination Fee: Unknown
- Household Limit: One
(Limited time offer)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($300 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- You’ll receive $100 for you and another $100 for them when you refer a friend or colleague to Tower. Each time you refer a new member, and they meet the offer qualifications, they get a $100 gift card, as do you!
- Register Use the registration form on this page to provide your information (secure site) and complete a referral to our ReferLive program.
- Invite Your Friends, Colleagues or Family Provide contact information AND a valid email address for those you would like to refer or share the offer via social media. Your referral will receive an email notification containing registration instructions and offer requirements.
- Get Rewarded Once your referral registers for the offer using your personal referral link and completes the offer listed below, you will each receive a $100 Reward Card. The more you refer, the more you can earn—up to $500 per calendar year.
- You and your referral will each receive a $100 Tower Mastercard® Reward Card when they register and complete the following steps within 60 days of becoming a new Tower member:
- Open a new Tower checking account, AND
- Complete one (1) or more qualifying direct deposit* of at least $1,000 into the new checking account
- Please allow 4-6 weeks for delivery of your Reward Card after completing all offer requirements.
- Please allow 4-6 weeks for delivery of your Reward Card after completing all offer requirements.
- The minimum deposit required to open a Prime Share is $5 and $10 to open a Checking Account.
- For current Annual Percentage Yield (APY) for Prime Share and Checking accounts, visit https://www.towerfcu.org/rates/deposit-rates, which are subject to change.
Tower Federal Credit Union $300 Checking Bonus (Expired)
- What you’ll get: $300 bonus
- Account: Tower Free Checking
- Availability: MD (Bank Locator)
- Direct Deposit Requirement: Yes, $1000+
- Credit Inquiry: Soft Pull
- ChexSystems: No
- Credit Card Funding: Can fund up to $500 with a credit card
- Monthly Fees: None
- Early Account Termination Fee: Unknown
- Household Limit: One
(Expires 08/31/2023)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($300 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a Tower free checking account with a $10 minimum deposit.
- Set up a qualifying direct deposit of at least $1,000 within 60 days.
- Receive a $300 bonus within 60 days.
- Eligibility requirements: This offer is valid for new Tower Regular Checking accounts from May 15, 2023 to August 31, 2023 and intended for new checking members. Request Checking and Non-Interest Checking accounts are not eligible for this offer. Offer not available to existing Tower checking members, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. You can receive only one new checking account opening related bonus per member. The minimum deposit required to open a Regular Checking account is $10. Membership eligibility required.
- To receive a $300 bonus: 1) Open a new Tower Regular Checking account, which is subject to approval; AND 2) Have your direct deposit made to your new Tower Regular Checking account within 60 days of account opening. Your direct deposit needs to be an electronic deposit of your net paycheck, pension or government benefits (such as Social Security) from your employer or the government. The direct deposit amount must be greater than $1,000. Person to Person payments (such as Zelle®) are not considered a direct deposit.
- After you have completed all the above requirements, we’ll deposit the bonus in your new account within 60 days. To receive this bonus, the enrolled account must not be closed or restricted at the time of payout. If the checking account is closed within six months of account opening, Tower reserves the right to deduct the bonus from the account at the time of closing. Cash bonus is considered interest and is subject to taxation. This offer is subject to change and may be discontinued at any time without prior notice. Regular Checking account annual percentage yield is 0.15% effective 3/14/2023 and is subject to change.
Tower Federal Credit Union $100 Savings Bonus *Expired*
Earn $100 cash bonus.
Tower Federal Credit Union is currently offering a $100 Savings Bonus to members when opening a Prime Share Account.
- What you’ll get: $100 bonus
- Account: Prime Share Account
- Availability: MD (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystems: No
- Credit Card Funding: Can fund up to $500 with a credit cards
- Monthly Fees: None
- Early Account Termination Fee: Unknown
- Household Limit: One
(Expires 12/31/2022)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($300 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Simply open a Primary Share account to earn $100.
- $100 deposit offer ends 12/31/2022 and may be withdrawn at any time. Member must enter promotion code when applying online or provide promotion code to Member Service Representative at Tower branch or Tower representative during the site visit. $100 deposit will be deposited in qualified Prime Share account within 6-8 weeks from account opening. The minimum balance to open and maintain a Prime Share account is $5. Annual Percentage Yield (APY) is 0.12% and subject to change. Rates effective: 1/7/2022. Click here for current APY and rates. $100 bonus is subject to taxation. New member accounts only. Current Tower members, employees and employees’ family members are not eligible for the $100 bonus. Tower’s field of membership eligibility requirements must be met to qualify.
Tower Federal Credit Union $100 Savings Bonus (MedChi Members) *Expired*
Tower Federal Credit Union $100 Savings Bonus (MedChi Members)
Tower Federal Credit Union is currently offering a $100 Savings Bonus to members when opening a new Tower Account!
- What you’ll get: $100 bonus
- Account: Tower account
- Availability: MD
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystems: No
- Credit Card Funding: Can fund up to $500 with a credit cards
- Monthly Fees: None
- Early Account Termination Fee: Unknown
- Household Limit: One
(Expires 12/31/2022)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($300 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Get a $100 cash bonus when you open a Tower account.
- $100 deposit offer ends 12/31/2022 and may be withdrawn at any time.
- Member must enter promotion code when applying online or provide promotion code to Member Service Representative at Tower branch.
- $100 deposit will be deposited in a qualified Prime Share account within 6-8 weeks from account opening.
- The minimum balance to open and maintain a Prime Share account is $5.
- $100 bonus is subject to taxation.
- New member accounts only.
- Current Tower members, employees and their family members are not eligible for the $100 bonus.
- Tower’s field of membership eligibility requirements must be met to qualify.
How to Waive Monthly Fees
- Regular Checking: No monthly fees
- Request Checking: No monthly fees listed
- Prime Share Savings: No monthly fees
- Club Savings: No monthly fees
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Bottom Line
For residents of Maryland, you can claim $100 bonus to new members for opening a free savings account and meeting the requirements. Don’t forget that this bonus must be reported to the IRS. Let us know your thoughts on this credit union in the comment section below!
While they have multiple generous bonuses, Tower Federal Credit Union doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
Compare Tower Federal Credit Union Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citi, Wells Fargo, and more!
*Check back on this page for updated Tower Federal Credit Union promotions, bonuses, and offers.
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Confirmed that Chexsystems is pulled for all new applications.
Tower Federal Credit Union is telling me I don’t qualify even though I’m a new applicant and have donated to their Tower foundation (requirement to join). On the phone now for 45 minutes and getting transferred to manager. I’m not hopeful I’ll get one. I was a member before, but cancelled. No where on this site or there’s was a promo code listed.