Check out the latest Tower Federal Credit Union bonuses, promotions, and offers here.
Update 5/22/25: The $300 is back and good through 7/31/25.
Tower Federal Credit Union Bonuses Review
Tower is a co-operative organization that exists for the financial well-being of its member-owners. As a member-owned, not-for-profit financial institution, Tower is committed to meeting their members’ diverse financial needs through unbeatable value, superior service, and untiring innovation.
| Eligibility: Tower Federal Credit Union membership is open to employees, volunteers, and donors of any one of over 300 select employer groups, associations and organizations (extensive lists can be found on the credit union’s website). Immediate family and household members are also eligible to join. See current membership details |
I’ll go over the Tower Federal Credit Union offers below.
Tower Federal Credit Union $300 Checking Bonus
Earn a $300 bonus when you open a new checking account and meet the requirements.
- What you’ll get: $300 Bonus
- Eligible account: Checking
- Where it’s available: MD, DC, DE, PA, VA, WV (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: No
- Monthly Fee: None
- How to earn it:
- 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.
(Offer expires 07/31/2025)
| You can compare this to several great entry level checking accounts with offers include the: | |
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Offer is only available to the following: 1) Residents of MD, DC, DE, PA, VA, WV; or 2) Department of Defense (DoD) personnel and their family; or 3) existing Tower members as of April 20, 2025.
- Offer eligibility requirements: Offer is only available to the following: 1) Residents of MD, DC, DE, PA, VA, WV; or 2) Department of Defense (DoD) personnel and their family; or 3) existing Tower members as of April 20, 2025. 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. Must be U.S. resident with a valid U.S. taxpayer identification number to qualify. This offer is valid for new Tower Checking accounts opened from April 21, 2025 to July 31, 2025 and intended for new checking members. You can receive only one new checking account opening related bonus per member. The minimum deposit required to open a Checking account is $10. Membership eligibility required.
- To receive a $300 bonus: 1) Open a new Tower Checking account between April 21, 2025 and July 31, 2025, which is subject to approval; AND 2) Receive at least two recurring direct deposits of $1,000 or more into the new checking account within 90 days of account opening. Each recurring direct deposit amount must be $1,000 or more to qualify. Qualifying direct deposits must be a recurring electronic deposit of your net paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Zelle®), Online and Mobile App transfers, or deposits from a bank or brokerage account are not considered a direct deposit. Tower’s determination of offer eligibility is final.
- 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 or recurring direct deposit is stopped within six months of account opening, Tower reserves the right to deduct the bonus from the account. 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. For current Annual Percentage Yield (APY) for Checking accounts, visit https://www.towerfcu.org/rates/deposit-rates, which are subject to change.
Tower Federal Credit Union $100 Referral Bonus
Earn a $300 bonus when you open a new checking account and meet the requirements.
- What you’ll get: $300 Bonus
- Eligible account: Checking
- Where it’s available: MD, DC, DE, PA, VA, WV (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: No
- Monthly Fee: None
- How to earn it:
- 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.
- 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!
(Limited time offer)
| You can compare this to several great advanced level checking accounts with offers include the: | |
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- 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 $100 Savings Bonus (Expired)
Earn a $100 bonus when you open a new savings account and meet the requirements. Apply promo code at time of application.
- What you’ll get: $100 Bonus
- Eligible account: Prime Share account
- Where it’s available: MD (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: No
- Monthly Fee: None
- How to earn it:
- Join Tower Federal Credit Union by opening a Prime Share account
- 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.
(Offer expires 12/31/2022)
| Compare this savings account to alternatives like: | |
| CIT Bank Platinum Savings (4.10% APY). | Discover® Online Savings (Up to $200 Bonus + 3.70% APY) |
| SoFi Checking & Savings ($325 Bonus + 3.80% APY) | Harborstone Credit Union Money Market (4.30% APY) |
| Live Oak Bank Savings (4.10% APY) | |
Fine Print
- $100 deposit offer ends 12/31/2022 and may be withdrawn at any time.
- Annual Percentage Yield (APY) is 0.12% and subject to change.
- Rates effective: 1/18/2022.
- $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 (Expired)
Earn a $100 bonus when you open a new savings account and meet the requirements.
- What you’ll get: $100 Bonus
- Eligible account: Prime Share account
- Where it’s available: MD
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: No
- Monthly Fee: None
- How to earn it:
- Join Tower Federal Credit Union by opening a Prime Share account.
- Member must enter promotion code when applying online or provide promotion code to Member Service Representative at Tower branch.
- The minimum balance to open and maintain a Prime Share account is $5.
(Offer expires 12/31/2022)
| You can compare this to several great entry level checking accounts with offers include the: | |
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- $100 deposit offer ends 12/31/2022 and may be withdrawn at any time.
- Annual Percentage Yield (APY) is 0.12% and subject to change.
- Rates effective: 1/18/2022.
- $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.
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
 |
 |
Conclusion
If you are currently a resident of Maryland and are interested in a new banking experience, then check out this promotion. For a limited time, all you would have to do is join Tower Federal Credit Union and you could earn a $100 bonus as well as great account features to better your banking experience.
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Feel free to comment on this post with any questions you may have about Tower Federal Credit Union, their accounts they offer, or coupon codes.
Check back often for more Tower Federal Credit Union Bonuses, Promotions, or Offers!
