[MD only] Tower Federal Credit Union $100 Checking Bonus, No Requirements + $200 Credit Card Bonus

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Update 4/28/21: There is also a $200 credit card bonus. You can also join if you are outside of the field of membership by donating $35. Hat tip to Econ0mist

Offer at a glance

The Offer

Direct link to offer

  • Tower Federal Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements:
    • Use promo code 100GPS21

The Fine Print

  • §$100 deposit offer ends 12/31/2020 and may be withdrawn at any time.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.
  • Annual Percentage Yield is 0.08% and subject to change. Rates effective: 9/16/2020.
  • $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.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is an early account termination fee or not.

Our Verdict

Looks to be a great bonus, especially if there is a decent amount of credit card funding. Will add this to our list of the best bank account bonuses.

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