Find the most updated Tower Federal Credit Union promotions, bonuses, 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.
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 $300 Checking Bonus (Maryland Residents)
- What you’ll get: $300 bonus
- Account: Tower Free Checking
- Availability: MD, DC, DE, PA, VA, WV (Bank Locator)
- Direct Deposit Requirement: Yes (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
(Expires 09/30/2026)
| Chase Total Checking® ($400 bonus), | Chase Secure BankingSM ($175 bonus), |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($425 bonus) |
| Bank of America ($100 bonus offer) | U.S. Bank Smartly® Checking ($450 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- 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.
- 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
- What you’ll get: $100 bonus
- Account: Checking
- Availability: MD, DC, DE, PA, VA, WV (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)
| Bank of America (Up to $500 bonus offer) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $5,000 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 $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)
| Bank of America (Up to $500 bonus offer) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $5,000 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)
| Bank of America (Up to $500 bonus offer) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $5,000 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.
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.