Tower Federal Credit Union
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Tower Federal Credit Union Locations
Deposit Rates - August 18, 2022
SAVINGS RATES | APY | MIN | |
---|---|---|---|
Savings
|
0.08% | $2,500 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
6 Mo CD
|
0.20% | $10,000 | Compare |
6 Mo CD
|
0.25% | $100,000 | Compare |
Special: 9 Mo CD
|
0.45% | $5,000 | Compare |
12 Mo CD
|
0.40% | $10,000 | Compare |
12 Mo CD
|
0.45% | $100,000 | Compare |
Special: 18 Mo CD
|
0.65% | $5,000 | Compare |
18 Mo CD
|
0.65% | $10,000 | Compare |
18 Mo CD
|
0.65% | $100,000 | Compare |
24 Mo CD
|
0.55% | $10,000 | Compare |
24 Mo CD
|
0.55% | $100,000 | Compare |
36 Mo CD
|
0.40% | $10,000 | Compare |
36 Mo CD
|
0.40% | $100,000 | Compare |
48 Mo CD
|
0.50% | $10,000 | Compare |
48 Mo CD
|
0.60% | $100,000 | Compare |
60 Mo CD
|
0.60% | $10,000 | Compare |
60 Mo CD
|
0.70% | $100,000 | Compare |
MM RATES | APY | MIN | |
---|---|---|---|
Money Market
|
0.11% | $2,500 | Compare |
Money Market
|
0.11% | $10,000 | Compare |
Money Market
|
0.11% | $25,000 | Compare |
INT CHECKING RATES | APY | MIN |
---|---|---|
Int Ckg
|
0.03% | $2,500 |
Loan Rates - August 18, 2022
MORTGAGE PURCHASE | APR(%) | MONTHLY PAYMENT |
---|---|---|
7 Year Adjustable Conforming
|
7.40% | $1,621.50 |
15 Year Fixed Jumbo
|
6.68% | $2,195.67 |
15 Year Fixed Conforming
|
6.69% | $2,195.67 |
20 Year Fixed Conforming
|
7.06% | $1,920.28 |
30 Year Fixed Jumbo
|
7.03% | $1,663.26 |
Compare with 6.622% APR and 6.500% 30-Year Fixed RATE from AmeriSave Mortgage Corporation
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Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank
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30 Year Fixed Conforming
|
7.04% | $1,663.26 |
Compare with 6.622% APR and 6.500% 30-Year Fixed RATE from AmeriSave Mortgage Corporation
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||
Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank
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MORTGAGE REFINANCE | APR(%) | MONTHLY PAYMENT |
---|---|---|
7 Year Adjustable Conforming
|
7.40% | $1,621.50 |
15 Year Fixed Jumbo
|
6.68% | $2,195.67 |
15 Year Fixed Conforming
|
6.69% | $2,195.67 |
20 Year Fixed Conforming
|
7.06% | $1,920.28 |
30 Year Fixed Jumbo
|
7.03% | $1,663.26 |
Compare with 6.622% APR and 6.500% 30-Year Fixed RATE from AmeriSave Mortgage Corporation
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||
Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank
![]() |
||
30 Year Fixed Conforming
|
7.04% | $1,663.26 |
Compare with 6.622% APR and 6.500% 30-Year Fixed RATE from AmeriSave Mortgage Corporation
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||
Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank
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HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
---|---|---|---|---|
Line of Credit
|
4.75% | Varies | ||
Compare with RATE Line of Credit from Figure Home Equity Line
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Compare with 6 RATE Line of Credit from Bethpage Federal Credit Union
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Compare with RATE Line of Credit from AimLoan.com NMLS#2890
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10 Year Loan
|
5.25% | $536.46 | ||
15 Year Loan
|
5.99% | $421.66 |
AUTO LOAN RATES | APR(%) | MONTHLY PAYMENT |
---|---|---|
3 Year
|
1.99% | $715.96 |
4 Year
|
2.99% | $553.25 |
5 Year
|
2.99% | $449.11 |
Overview 2022
General Credit Union Information
NCUA Insured | Yes / Federally Chartered |
Charter Number | # 8333 |
Date Established | 1953 |
Assets | $4,329.78 million |
Loans | $2,736.43 million |
Deposits | $3,742.27 million |
Capital | $496.72 million |
Tower Federal Credit Union is a NCUA insured federal credit union
headquartered at PO BOX 1280, LAUREL, MD 20725.
It was founded in 1953 and has approximately
$4,330 million in assets. Customers can open an account at one of its
31 branches.
Customer Reviews for Tower Federal Credit Union
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDCredit UnionMARYLAND$50,0006 Month0.20%0.74x (National Avg. - 0.27%)$10,000-SCENARIO
Year Rate
0.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 100 70 2 50,100 100 70 3 50,200 100 70 4 50,301 101 70 5 50,401 101 71 6 50,502 101 71 7 50,603 101 71 8 50,704 101 71 9 50,806 102 71 10 50,907 102 71 11 51,009 102 71 12 51,111 102 72 13 51,213 102 72 14 51,316 103 72 15 51,418 103 72 16 51,521 103 72 17 51,624 103 72 18 51,727 103 72 19 51,831 104 73 20 51,935 104 73 TOTAL $2,038 $1,427 - 2ONLINE CDOnline Bank-$50,00012 Month1.65%4.02x (National Avg. - 0.41%)$1,000-SCENARIO
Year Rate
1.65%Annual
InterestAnnual Interest
(After Tax)1 50,000 825 578 2 50,825 839 587 3 51,664 852 597 4 52,516 867 607 5 53,383 881 617 6 54,263 895 627 7 55,159 910 637 8 56,069 925 648 9 56,994 940 658 10 57,934 956 669 11 58,890 972 680 12 59,862 988 691 13 60,850 1,004 703 14 61,854 1,021 714 15 62,874 1,037 726 16 63,912 1,055 738 17 64,966 1,072 750 18 66,038 1,090 763 19 67,128 1,108 775 20 68,235 1,126 788 TOTAL $19,361 $13,553 - 3ONLINE CDOnline Bank-$50,00011 Month2.00%N.A.$1,000-SCENARIO
Year Rate
2.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,000 700 2 51,000 1,020 714 3 52,020 1,040 728 4 53,060 1,061 743 5 54,122 1,082 758 6 55,204 1,104 773 7 56,308 1,126 788 8 57,434 1,149 804 9 58,583 1,172 820 10 59,755 1,195 837 11 60,950 1,219 853 12 62,169 1,243 870 13 63,412 1,268 888 14 64,680 1,294 906 15 65,974 1,319 924 16 67,293 1,346 942 17 68,639 1,373 961 18 70,012 1,400 980 19 71,412 1,428 1,000 20 72,841 1,457 1,020 TOTAL $24,297 $17,008 - 4LOCAL CDBank-$50,00024 Month2.76%5.15x (National Avg. - 0.54%)$500-SCENARIO
Year Rate
2.76%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,380 966 2 51,380 1,418 993 3 52,798 1,457 1,020 4 54,255 1,497 1,048 5 55,753 1,539 1,077 6 57,292 1,581 1,107 7 58,873 1,625 1,137 8 60,498 1,670 1,169 9 62,167 1,716 1,201 10 63,883 1,763 1,234 11 65,646 1,812 1,268 12 67,458 1,862 1,303 13 69,320 1,913 1,339 14 71,233 1,966 1,376 15 73,199 2,020 1,414 16 75,220 2,076 1,453 17 77,296 2,133 1,493 18 79,429 2,192 1,535 19 81,621 2,253 1,577 20 83,874 2,315 1,620 TOTAL $36,189 $25,332 - 5LOCAL CDBank-$50,00036 Month3.06%4.83x (National Avg. - 0.63%)$500-SCENARIO
Year Rate
3.06%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,530 1,071 2 51,530 1,577 1,104 3 53,107 1,625 1,138 4 54,732 1,675 1,172 5 56,407 1,726 1,208 6 58,133 1,779 1,245 7 59,912 1,833 1,283 8 61,745 1,889 1,323 9 63,634 1,947 1,363 10 65,581 2,007 1,405 11 67,588 2,068 1,448 12 69,656 2,131 1,492 13 71,788 2,197 1,538 14 73,985 2,264 1,585 15 76,249 2,333 1,633 16 78,582 2,405 1,683 17 80,986 2,478 1,735 18 83,465 2,554 1,788 19 86,019 2,632 1,843 20 88,651 2,713 1,899 TOTAL $41,364 $28,954 - 6LOCAL CDBank-$50,00012 Month2.51%6.12x (National Avg. - 0.41%)$500-SCENARIO
Year Rate
2.51%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,255 879 2 51,255 1,287 901 3 52,542 1,319 923 4 53,860 1,352 946 5 55,212 1,386 970 6 56,598 1,421 994 7 58,019 1,456 1,019 8 59,475 1,493 1,045 9 60,968 1,530 1,071 10 62,498 1,569 1,098 11 64,067 1,608 1,126 12 65,675 1,648 1,154 13 67,323 1,690 1,183 14 69,013 1,732 1,213 15 70,745 1,776 1,243 16 72,521 1,820 1,274 17 74,341 1,866 1,306 18 76,207 1,913 1,339 19 78,120 1,961 1,373 20 80,081 2,010 1,407 TOTAL $32,091 $22,464
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