Compare the latest CD rates offered by Tower Bank in Northeast Indiana.  Tower Bank and Trust Company (Tower Bank) is a community bank headquartered in Fort Wayne that offers a variety of savings vehicles, including high yielding CDs, to consumers in Indiana.  The certificates of deposit (CDs) can build individual savings and investment funds through competitive interest rates and safe growth.

With a Tower Bank CD, account holders can safely invest their cash with federally insured accounts that are guaranteed to grow regardless of the economy.  The bank presents its customers with many different investment options and competitive interest rates.

Customer of Tower Bank can choose from short-term or long-term investment options.  The CD interest rate and annual percentage yield will depend upon the balance invested and the term selected.  The longer the account term, often the better the rate.  Early withdrawal penalty may apply.

The competitive CD rates offered by Tower Bank can change regularly based on the general level of interest rates, competition in the regional banking market, economic and lending activity and other factors.  Competition from thrift institutions, credit unions and other banks help to keep the bank CD rates offered by Tower Bank competitive.  The four largest banks in Allen County offering competitive savings products and CD rates include Wells Fargo, Chase Bank, PNC, and Lake City Bank.  The bank’s CD rates are updated regularly based on current money market and economic conditions. 

Interest earned on the bank CDs can be compounded, paid by check, or deposited to another Tower Bank checking or savings account.  The online CD calculator and yield calculator can help prospective account holders determine how to increase their savings level and achieve the maximum rate of return to suit their needs.

Tower Bank provides a wide variety of financial services to businesses and consumers through its six full-service financial centers in Fort Wayne, and one in Warsaw, Indiana.  Contact the bank directly for the most update and accurate information regarding the bank fees and account information.  A bank representative can be reached to discuss the current CD rates and account terms by calling the Tower Bank customer service number at 1-877-427-7220.

The bank and bank rate information presented on Tower Bank is believed to be reliable, but may have changed since this publication date, the information is not guaranteed.  Additional resources to help consumers find the best CD rates in the region are available at under the bank rate table titled Indiana CD rates.

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