Business Savings & Time Deposits

Tiered Business Savings

A convenient and accessible way to save money and to put money aside at a higher yield - the higher your balance, the higher the rate you receive on your funds.

Features

  • Higher balances earn higher interest
  • FREE Online Banking
  • Interest paid monthly
  • Unlimited withdrawals
  • Monthly Statements*

Account Details

  • Minimum Opening Balance: $500.00
  • No service fees when you meet the required average daily balance of $1,000.00

* Active accounts only, otherwise statements are quarterly

Business TCD

Your Mega Bank Certificate of Deposit offers a guaranteed, higher interest rate with terms from 7 days to 5 years. The interest rate and annual percentage yield will not change for the term of the account.

Features

  • Competitive Interest Rates
  • Minimum deposits as low as $2,500.00
  • Terms from 7 days to 5 years

Account Details

  • Interest is payable either monthly or quarterly by check or automatic transfers to your Mega Bank checking or savings account, or can remain on deposit
  • Penalty charge for early withdrawal

Business Flexible Time Deposit

This product is for both Personal and Business account. The interest rate and annual percentage yield will not change for the term of the account.

Features

  • Term: 24 months
  • No service charge
  • Special Features: 2 additional deposits and 2 withdrawals (without penalty) are allowed within the term of the CD*

Account Details

  • Minimum account opening amount is $100,000
  • Interest is payable either monthly, quarterly by check or automatic transfer to your Mega Bank Checking or savings account, or can remain on deposit
  • Penalty for early withdrawal apply if withdraw is made on or before the 7th day after the account opened

*However, withdrawals amount total cannot be exceed half (50%) of the principle balance.