Business Checking | Business Super Now
Tiered Business Savings | Tiered Business Money Market | Business TCD | Business Flexible
BUSINESS CHECKING
Mega Bank offers several business checking packages – we have options suitable for the Sole Proprietor, as well as middle-market enterprises.
BUSINESS CHECKING
Our low-fee, business checking account offers the convenience of a checking account with low minimum average daily balance requirements and unlimited check-writing privileges.
- Minimum Opening Balance $500.00
- No Monthly service charge when you meet the required minimum daily average balance of $2,000.00
- FREE Online Banking
- Monthly Imaged Statements
- No per-deposit or per-check fees
BUSINESS SUPER NOW (Interest Checking)
Designed for the Sole Proprietor, Small Business Checking offers the convenience of a checking account with interest. Enjoy unlimited check writing and ATM/VISAŽ Debit card use with no per-check or per-transaction charges.
- Opening Balance $1,000.00
- No Monthly service charge when you meet the required minimum average daily balance of $2,500.00
- Interest Compound Monthly
- FREE Online Banking
- Monthly Imaged Statements
- Minimum opening balance - $2,500.00
- Interest earnings - Compounded monthly and will be credited to your account monthly
- No Monthly service charge when minimum daily balance of $2,500.00 is maintained
- Unlimited over the counter cash withdrawal
- Withdrawals - Limited to six (6) transfers or withdrawals by check, debit card or other drafts to third parties.
- Monthly fee of $10.00 if the daily balance falls below $2,500.00
- $10.00 per item in excess of 6 transactions **
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.
- Minimum Opening Balance - $500.00
- No service fees when you meet the required average daily balance of $1,000.00
- Higher balances earn higher interest
- FREE Online Banking
- Interest paid monthly
- Limited to six preauthorized, automatic, or telephone transfer each statement cycle
- Monthly Statements**
** 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.
- Competitive Interest Rates
- Minimum deposits as low as $2,500.00
- Terms from 7 days to 5 years
- 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 (Effective 2/8/2016)
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.
- Minimum account opening amount is $100,000.
- Term: 24 months
- Special Features: 2 additional deposits and 2 withdrawals (without penalty) are allowed within the term of the CD. However, withdrawals amount total cannot be exceed half (50%) of the principle balance.
- Interest is payable either monthly, quarterly by check or automatic transfer to your Mega Bank Checking or savings account, or can remain on deposit
- No service charge
- Penalty for early withdrawal apply if withdraw is made on or before the 7th day after the account opened.
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