OREANDA-NEWS. October 29, 2008. Higher yield for a short term. Megabank offers new deposit terms, reported the press-centre of Megabank.

To date, Megabank serves over fifty thousand deposit account-holders. The retail deposits went up by UAH 291 mln. for 9 months of YE2008. A percentage yield of thirty-seven million hryvnyas has been paid this year. The bank's policy is to sell programs selected individually to best satisfy customer needs. And now the bank offers as high as 24% APY along with the shortest deposit term.

Viktoria Podgorna, Deputy Chairwoman reported: When these days are seeing slag in deposits because of fears against savings with [national] banks for a long run, we encourage to deposit for as short as one month. Upon extension, we offer a 1% rise of APY, and it can be extended three times more.

Under the customer-loyal program, regular clients get 0.5% bonus for APY, if they decide to deposit their savings with the bank.