Check out the latest Tower Federal Credit Union bonuses, promotions, and offers here.
Update 8/6/26: The $300 is back and good through 9/30/25 – however, the terms state that the offer is only available to Maryland residents.
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 (Maryland Residents)
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:
- Apply for and open your first Free Checking account with a $10 minimum deposit. Use promo code ORIOLES or BALTIMORE when you apply.
- Set up a recurring, qualifying direct deposit within 90 calendar days. Each deposit must be $1,000 or more.
- Earn a $300 bonus in your account within 60 days after meeting the requirements.
(Offer expires 09/30/2026)
| Chase Total Checking ($400 Bonus), | Chase Secure BankingSM ($175 bonus), |
| You can compare this to several great entry level checking accounts with offers include the: | |
| Bank of America Checking ($100 Bonus Offer) | KeyBank Checking ($300 bonus) |
| SoFi Checking & Savings Account ($425 bonus) | U.S. Bank Smartly® Checking ($450 Cash Bonus) |
Fine Print
- Eligibility Requirements: Offer is only available to: 1) Maryland residents; 2) Department of Defense personnel and their families; or 3) existing Tower members as of 6/15/2026. Offer not available to current checking account holders or those whose accounts have been closed within 90 days or closed with a negative balance within the past 3 years. This offer is valid for new Tower checking accounts opened from 6/15/2026 to 9/30/2026. Must enter promo code ORIOLES or BALTIMORE at account opening (promo code cannot be applied retroactively). Membership eligibility required. This offer is not available to individuals who have received a Tower checking bonus within the past 48 months. Offer cannot be combined with other Tower checking offers. Limit one checking bonus per household, defined as all individuals residing at the same physical address, regardless of the number of accounts or account holders.
- Qualifying Direct Deposit: Qualifying direct deposits are recurring electronic deposits of salary, pension, or government benefits (such as Social Security) from an employer or government agency. One-time direct deposits do not qualify. Direct deposits must occur on a recurring schedule (e.g., bi-weekly or monthly). Each qualifying direct deposit must be $1,000 or more.
- Non-Qualifying Direct Deposits: Deposits that do not meet the qualifying direct deposit definition above are not eligible. Examples include, but are not limited to, person-to-person payments (such as Zelle®), account transfers, deposits or transfers from financial institutions or brokerages, and one-time ACH credits.
- How to Qualify for the $300 Bonus: To receive the $300 bonus, you must complete all of the following: 1) Open a new Tower checking account between 6/15/2026 and 9/30/2026, subject to approval; and 2) Enter promo code ORIOLES or BALTIMORE when applying online or provide the code to a Tower representative when applying in a branch; and 3) Receive qualifying recurring direct deposits of $1,000 or more each into the new checking account within 90 days of account opening. After all qualifying requirements are completed, the bonus will be deposited into your new checking account within 60 days.
- Additional Terms and Details: To receive the bonus, the account must remain open and in good standing at the time of payout. If the checking account is closed or qualifying recurring direct deposits are discontinued within six months of account opening, Tower may recoup the bonus. The $300 bonus will be reported as interest income and may be subject to IRS Form 1099-INT reporting. This offer is subject to change and may be discontinued at any time without prior notice. The minimum deposit required to open a checking account is $10. Regular Checking Annual Percentage Yield (APY) is 0.15% as of 8/6/2026. APY is variable and 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: | |
| KeyBank Checking ($300 bonus) | HSBC Premier Checking (Up to $5,000 Cash Bonus), |
| Bank of America Checking (Up to $500 Bonus Offer) | |
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 (3.75% APY). | Live Oak Bank Savings (3.80% APY) |
| SoFi Checking & Savings ($425 Bonus + 3.30% APY) | Harborstone Credit Union Money Market (3.85% 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)
| Chase Total Checking ($400 Bonus), | Chase Secure BankingSM ($175 bonus), |
| You can compare this to several great entry level checking accounts with offers include the: | |
| Bank of America Checking ($100 Bonus Offer) | KeyBank Checking ($300 bonus) |
| SoFi Checking & Savings Account ($425 bonus) | U.S. Bank Smartly® Checking ($450 Cash 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
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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, 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!
