$125 Checking Account Bonus at Tower Federal Credit Union in Maryland - Local Only

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Tower Federal Credit Union has long offered a $125 cash bonus for opening a new Regular Checking account and setting up a qualifying direct deposit. One advantage of this bonus compared to those offered by the big banks is that the Tower Regular Checking account is totally free with no monthly service fees or minimum balance requirements. Here's the link to the credit union's promotions page.

According to the small print "first direct deposit must post to account by 12/31/11 to be eligible for cash bonus." Some additional details about the direct deposit requirements from the small print are included below:

A qualified direct deposit is defined as a recurring direct deposit of a paycheck, Social Security or pension payment electronically deposited to a Regular Checking account. The minimum amount of any single direct deposit must be $100 to qualify for this promotion, and must occur a minimum of once per month for two consecutive months. Multiple deposits within the same month can not be combined to meet $100 minimum requirement.

Membership into Tower Federal Credit Union is primarily based on employment or membership in certain businesses and associations. Full details are listed in the credit union's Field of Membership page. One association that's listed is the National Cryptologic Museum Foundation. The credit union restricts members of this foundation to those residing in Maryland, DC, Virginia, and Pennsylvania. According to this Foundation's Join-Us page, individual membership costs $35.

Tower branches are located in the Maryland cities of Annapolis, Hanover, Clarksville, Columbia, Ellicott City, Gambrills, Laurel, Millersville, Annapolis Junction, Owings Mills and Pasadena

It's a large credit union with over $2 billion in assets. The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 4.43% (excellent) based on September 2010 data. Please refer to our financial overview of Tower Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 8333).

Other Bank Bonuses

To find other bonus deals at other banks, please refer to the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.

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$125 Checking Account & Direct Deposit Bonus at Tower FCU in Maryland
Tower Federal Credit Union is offering a checking account promotion with a $125 cash bonus. It requires a new Regular Checking account with a qualifying direct deposit. Offer is scheduled to end 12/31/09.

Here's an important part of the offer's small print:


Membership is open to employees and members of a long list of companies and associations. Refer top the credit union's Field of Membership Page for the full details. Membership requires a deposit of $15 into a savings account.

Branches are located in several Maryland cities including Laurel, Hanover, Columbia and Pasadena....






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5.50% 18-Month CD at a Maryland CU (Tower)
Tower FCU is offering a special 5.50% APY 18-month share certificate. The minimum deposit is $10,000, and it requires new money.

Field of membership includes employees and members of a long list of companies and associations. See site for details. Membership requires a deposit of $15 into a savings account.

Branches are located in several Maryland cities including Laurel, Hanover, Columbia and Pasadena. The credit union is federally insured by the NCUA. It's a large credit union with $1.6 billion in assets and 114,885 members.



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