Tiered Personal Savings

Mega Bank offers tiered savings accounts, any easy way to put money aside at a higher yield – the higher your balance, the higher the rate you receive on your funds. Also enjoy convenient account access with FREE Online Banking. Our statement savings works well on its own or linked to your Mega Bank VISA® Debit card*.

Features

  • Unlimited withdrawals

  • Higher balances earn higher interest

  • FREE Online Banking

  • Interest paid monthly

  • Monthly Statements**

Account Details

  • Minimum Opening Balance: $100.00

  • $5.00 monthly service charge
  • No fees when you meet the required average daily balance of $300.00

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

Personal Time Deposit

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

  • Terms from 7 days to 5 years

  • No service charges

Account Details

  • Minimum deposits as low as $2,500.00

  • Interest is payable either monthly or quarterly by check or automatic transfer to your Mega Bank checking or savings account, or can remain on account

  • Penalty for early withdrawal

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

Personal 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 charges

  • 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 account

  • Penalty for early withdrawal apply if withdraw is made on or before the 7th day after the account opening or exceed the limits withdrawals allowed or exceed minimum principal balance required

Individual Retirement Time Deposit

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

Features

  • Term of 12, 18, or 24 months

  • Annual Fee (refer to Schedule of Fees)

Account Details

  • Minimum account opening amount is $2,500

  • Interest Compounds Monthly

  • Penalty for early withdrawal

  • Subject to the IRA rules for contribution and distribution

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
  • $10.00 monthly service charge
  • No monthly service charge 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 charges
  • 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 account
  • Penalty for early withdrawal apply if withdraw is made on or before the 7th day after the account opening or exceed the limits withdrawals allowed or exceed minimum required principal balance required

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