Credit Unions | Tower Federal Credit Union

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   AmeriSave Mortgage Corporation
Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank   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   AmeriSave Mortgage Corporation
Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank   First Citizens Bank
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   AmeriSave Mortgage Corporation
Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank   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   AmeriSave Mortgage Corporation
Compare with 5.331% APR and 5.250% 30-Year Fixed RATE from First Citizens Bank   First Citizens Bank
See Other Mortgage Rates →
HOME EQUITY RATES APR(%) MONTHLY PAYMENT
Line of Credit
4.75% Varies
Compare with RATE Line of Credit from Figure Home Equity Line Figure Home Equity Line
Compare with 6 RATE Line of Credit from Bethpage Federal Credit Union Bethpage Federal Credit Union
Compare with RATE Line of Credit from AimLoan.com NMLS#2890 AimLoan.com NMLS#2890
10 Year Loan
5.25% $536.46
15 Year Loan
5.99% $421.66
See Other Home Equity Rates →
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.

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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.

  • 1
    LOCAL CD
    TOWER
    Credit Union
    MARYLAND
    $50,000
    6 Month
    0.20%
    0.74x (National Avg. - 0.27%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.20%    		 Annual
    Interest    		 Annual 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
  • 2
    ONLINE CD
    Hingham Savings , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    1.65%
    4.02x (National Avg. - 0.41%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.65%    		 Annual
    Interest    		 Annual 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
  • 3
    ONLINE CD
    CIT Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    11 Month
    2.00%
    N.A.
    $1,000
    -
    SCENARIO
    Year Rate
    2.00%    		 Annual
    Interest    		 Annual 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
  • 4
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    24 Month
    2.76%
    5.15x (National Avg. - 0.54%)
    $500
    -
    SCENARIO
    Year Rate
    2.76%    		 Annual
    Interest    		 Annual 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
  • 5
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    36 Month
    3.06%
    4.83x (National Avg. - 0.63%)
    $500
    -
    SCENARIO
    Year Rate
    3.06%    		 Annual
    Interest    		 Annual 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
  • 6
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    12 Month
    2.51%
    6.12x (National Avg. - 0.41%)
    $500
    -
    SCENARIO
    Year Rate
    2.51%    		 Annual
    Interest    		 Annual 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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