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Savings and Certificate of Deposit Rates
effective 05/07/08
*** Call us for special offers ***
| ACCOUNT |
CATEGORY |
MINIMUM
BALANCE TO
OBTAIN APY |
ANNUAL PERCENTAGE
YIELD (APY) |
| Checking |
NOW1 |
$10
|
0.10% |
| Classic Relationship NOW1 |
$10
|
0.05% |
| Savings |
Passbook1 |
$10 |
0.40% |
| Statement1 |
$10 |
0.45% |
| Club Savings1 |
$10 |
0.05% |
| Money Market1: |
$10 - $9,999.99 |
0.55% |
| |
$10,000.00 - $24,999.99 |
0.85% |
| |
$25,000.00 - $49,999.99 |
1.35% |
| |
$50,000.00 and over |
1.50% |
| Classic Money Market1,2: |
$10 - $24,999.99 |
0.55% |
| |
$25,000.00 - $49,999.99 |
0.85% |
| |
$50,000.00 - $99,999.99 |
1.35% |
| |
$100,000.00 and over |
1.50% |
Certificates
& IRAs |
3-month 3 |
$1,000 |
1.00% |
| 6-month 3 |
$1,000 |
2.00% |
| 6-month "Smart Money" 3 |
$1,000 |
2.00% |
| 1 Year |
$1,000 |
2.00% |
| 1½ - 2 Year |
$1,000 |
2.25% |
| 2½ Year |
$1,000 |
2.25% |
| 3 Years |
$1,000 |
3.00% |
| 4 Years |
$1,000 |
3.00% |
| 5 Years |
$1,000 |
3.25% |
| 6 Years |
$1,000 |
3.25% |
| 7 - 10 Years |
$1,000 |
3.25% |
| IRA Money Market1 |
$10 |
1.75% |
| * |
1 At our discretion, Annual Percentage Yield may change at any time after account is opened.
2 Classic Money Market is available only to customers with a Classic Relationship NOW Checking account.
3 Assumptions apply, please ask for details.
A penalty may be imposed for early withdrawal. Fees may reduce earnings on accounts. All Annual Percentage Yields are subject to change at any time. |
|
Deposits fully insured.
Please request further information from a
Financial Services Representative concerning the
fees and terms applicable for these accounts at
(413) 443-5601 or 1-800-773-5601 or stop into
any Berkshire Bank location.
Related Services:
Checking |
Savings |
CDs |
Retirement Accounts
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Consumer Loan Rates
effective 05/5/08
Our *Best* rates subject to change without notice.
| LOAN TYPE |
TERM UP TO |
ANNUAL PERCENTAGE RATE |
PAYMENT PER $1000 |
New Car
(2007-08) |
60 months |
6.99% |
$19.80 |
Used Car
(2003-06) |
60 months |
7.49% |
$20.03 |
Used Car
(Older) |
60 months |
7.74% |
$20.15 |
| Personal |
60 months |
11.74% |
$22.11 |
All Annual Percentage Rates (APRs) listed above assume a 0% down payment.
Other terms and conditions exist, contact a Financial Services Representative
for more information at (413) 443-5601 or 1-800-773-5601 or stop into
any Berkshire Bank location.
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Commercial Services
effective 05/07/08
All rates subject to change without notice.
| Account |
Rate Tiers |
Annual Percentage Yield (APY) |
| Business Money Market1 |
$10.00 to $999.99 |
0.00% |
| $1,000.00 to $24,999.99 |
0.75% |
| $25,000.00 to $49,999.99 |
1.00% |
| $50,000.00 to $99,999.99 |
1.15% |
| $100,000.00 to $499,999.99 |
1.80% |
| $500,000.00 and over |
1.80% |
| Cash Management Sweep1 |
$10.00 to $499,999.99 |
1.00% |
| $500,000.00 and over |
1.25% |
| Commercial Checking Earnings Credit (to offset account fees) |
|
1.75% |
| 1 - At our discretion, Annual Percentage Yield may change at any time after account is opened. |
Please request further information from a
Financial Services Representative concerning the
fees and terms applicable for these accounts at
(413) 443-5601 or 1-800-773-5601 or stop into
any Berkshire Bank location.
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Home Equity Rates
effective 05/8/08
All rates subject to change without notice.
| Home Equity Loan Programs |
Interest Rates |
Thereafter |
Payment Per $1000 |
| Pure Excitement Home Equity Line* |
3.99%
APR |
3.99% APR |
$3.33 - $15.00 |
| *APR (annual percentage rate) available for qualifying properties with loan-to-value of 80%
or less and is available for lines $50,000 and over. APR is based on Prime Rate (currently 5.00% as of
04/30/08), found in the Money Rate section of the Wall Street Journal minus 1.01%. For lines less
than $50,000 APR is based on Prime Rate minus .51%. Interest rates are variable and may increase
after consummation. Maximum APR is 18%. Minimum line amount $10,000 with minimum advances of
$250. A fee of $450 may be charged if you discharge this line within 3 years from line opening date.
Homeowners insurance required. Flood insurance may be required. Offer subject to change without
notice. Offer available for new customers only. A payment deduction from a Berkshire Bank checking
account is required to receive the premium rate. All lines subject to credit approval.
|
Related Services:
Consumer Loans |
Mortgage Loans |
Business Loans
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Mortgage Rates
effective 05/12/08
All rates subject to change without notice.
| Fixed Rate Mortgages - Primary Residence and Second Homes |
Payment Per $1000 |
| Program |
Interest Rate |
Points |
Annual Percentage Rate (e) |
| 10 Years |
5.875% |
0 |
5.930% |
$11.04 |
| 15 Years |
5.875% |
0 |
5.914% |
$8.37 |
| 20 Years |
6.000% |
0 |
6.031% |
$7.16 |
| 30 Years |
6.125% |
0 |
6.148% |
$6.08 |
NOTE: These rates are effective for 1-4 family owner-occupied properties for Purchase Mortgage and Rate and Term Refinance Mortgage Loans up to $417,000 for up to 95% Loan-to-Value. Cash-Out Refinance Loans limited to 70% Loan-to-Value. Loans over $417,000 to $650,000 available.
Please contact us for details.
OTHER RESTRICTIONS MAY ALSO APPLY!! |
| Adjustable Rate Mortgages - Primary Residence and Second Homes |
Payment Range Per $1000 |
| Program |
Interest Rate |
Points |
Annual Percentage Rate (e) ** |
| 1 Year |
5.375% |
0 |
4.939% |
$5.60 - $5.30 |
3 Year Fixed/
1 Year ARM |
5.500% |
0 |
5.047% |
$5.68 - $5.32 |
5 Year Fixed/
1 Year ARM |
5.625% |
0 |
5.180% |
$5.76 - $5.35 |
10 Year Fixed/
1 Year ARM |
6.000% |
0 |
5.629% |
$6.00 - $5.47 |
| APRs assume a $180,000.00 loan with a 20% down payment for a 30-year term, unless otherwise specified. |
** APR may increase after consummation.
First Time Homebuyer Mortgages
Primary Residences Only |
| Program |
Interest Rate |
Points |
Annual Percentage Rate (e) |
Payment Per $1000 |
30 Years-
MassHousing
MassAdvantage |
6.125% |
0 |
6.148% |
$6.08 |
5 Year Fixed/
1 Year ARM First Time Conv. |
5.125% |
0 |
5.060% |
$5.44- $5.31 |
APRs assume a $180,000.00 loan with a 20%
down payment for a 30-year term, unless otherwise specified.
NOTE: These rates are effective for 1 family owner-occupied property
for Purchase Mortgages only. 2-4 unit programs available.
Please contact us for details.
OTHER RESTRICTIONS MAY ALSO APPLY! |
** APR may increase after consummation.
| Land Loans |
| Program |
Interest Rate |
Points |
Annual Percentage Rate (e) |
Payment Per $1000 |
3 Year Interest Only
w/balloon |
7.125% |
1 |
7.518% |
$5.94 |
Other residential mortgage rates and terms are available.
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