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What's New
- New Colonie Community Room -
click here for more information.
- Home Equity Lines as Low as 2.99 % APR
* – Click here
to apply today.
- Vermont Joins in the Excitement! - Click here
to learn more!
- Private Banking - Click here
and check out the exciting new features of our wealth management program.
- Berkshares, Inc. - click here
for more information.
- Special Bulletin (Revised September 2006)
What You Should Know About Higher FDIC Coverage for Retirement
Accounts - click here
for more information.
- Smart Money CD - click here
for more information.
- Identity Theft - click here
for more information.
- Check 21 - click here
for more information.
- FDIC Consumer News: Simple Strategies for Managing
Money - click here
for more information
APR (annual percentage rate) available for qualifying properties with loan-to-value of 80% or less and is available for lines $10,000 and over. APR is based on Prime Rate (currently 3.250% as of 1/31/09), found in the "Money Rate" section of the Wall Street Journal minus .26% for life. If you choose to make your payments by cash, check or money order (the "cash payments plan") or cancel automatic payment, your APR will increase to Prime. The Prime minus .260% feature includes a discount for Direct Deposit to a Berkshire Bank checking account and an initial draw of $5000.00. If you choose not to participate in either of these features, your rate will revert to Prime. APRs are variable and may increase after consummation. The maximum APR that can apply is 18% and the minimum APR can be no lower than 2.99%. If the line of credit is paid off and closed during the first 36 months, an early termination fee of $450.00 will be assessed. An Annual Fee of $50 will apply. New York State Mortgage Tax will apply for lines of $250,000 or more, the customer pays the New York State Mortgage Tax at closing. If the line of credit is paid off and closed during the first 36 months, an early termination fee of $450.00 will be assessed and if in New York State; the New York State mortgage tax previously paid will be recovered. A $15 service fee will be assessed for advances less than $250. Homeowners insurance required. Flood insurance may be required. All lines subject to credit approval. Offer subject to change without notice and available for new customers only.
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