Mega Bank has a CD promotion with some very competitive rates. The best rates are its Jumbo CDs. The regular CD rates are about 30 basis points lower. The Jumbo rates as listed at the bank's promotions page as of 11/06/09 include:
- 2.38% APY 16-month CD
- 2.27% APY 12-month CD
- 2.15% APY 6-month CD
It appears that a branch visit is required to open an account. Branches are located in San Gabriel and Rowland Heights, California.
The bank has a 3-star rating for safety and soundness (performing) at Bankrate.com based on 6/30/09 financial data. It's labeled as a start-up at BauerFinancial. The bank was established in January 2008, and it has been a FDIC member since that time (FDIC Certificate # 58401).
Other Competitive Certificate of Deposit Rates