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Savings and Certificate of Deposit Rates
effective 11/04/09
*** Call us for special offers ***
| ACCOUNT |
CATEGORY |
MINIMUM
BALANCE TO
OBTAIN APY |
ANNUAL PERCENTAGE
YIELD (APY) |
| Checking |
NOW1 |
$10
|
0.05% |
| Classic Relationship NOW1 |
$10
|
0.05% |
Savings
& IRAs |
Passbook1 |
$10 |
0.15% |
| Statement1 |
$10 |
0.20% |
| Club Savings1 |
$10 |
0.05% |
| Money Market1: |
$10 - $9,999.99 |
0.25% |
| |
$10,000.00 - $24,999.99 |
0.40% |
| |
$25,000.00 - $49,999.99 |
0.50% |
| |
$50,000.00 and over |
0.70% |
| Classic Money Market1,2: |
$10 - $24,999.99 |
0.25% |
| |
$25,000.00 - $49,999.99 |
0.40% |
| |
$50,000.00 - $99,999.99 |
0.50% |
| |
$100,000.00 and over |
0.70% |
| IRA |
$10 |
0.75% |
| Certificates |
3-month 3 |
$1,000 |
0.60% |
| 6-month 3 |
$1,000 |
0.80% |
| 6-month "Smart Money" 3 |
$1,000 |
0.80% |
| 1 Year |
$1,000 |
1.25% |
| 1½ - 2 Year |
$1,000 |
1.35% |
| 2½ Year |
$1,000 |
1.65% |
| 3 Years |
$1,000 |
2.00% |
| 4 Years |
$1,000 |
2.30% |
| 5 Years |
$1,000 |
2.60% |
| 6 Years |
$1,000 |
3.00% |
| 7 - 10 Years |
$1,000 |
3.00% |
6-24 mo Pure Excitement
Easisaver CD4 |
$200 |
1.25% |
| CD Specials |
18 Month Popup |
$1,000 |
1.50% |
| 13 Month Excitement |
$1,000 |
1.50% |
| 20 Month Excitement |
$1,000 |
1.90% |
| 37 Month Excitement |
$1,000 |
2.40% |
| 5 Year Excitement |
$1,000 |
2.90% |
| * |
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.
4 Not available for IRA customers
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 11/03/09
Our *Best* rates subject to change without notice.
| LOAN TYPE |
TERM UP TO |
ANNUAL PERCENTAGE RATE |
PAYMENT PER $1000 |
New Car
(2009-10) |
60 months |
6.74% |
$19.68 |
Used Car
(2005-08) |
60 months |
7.24% |
$19.92 |
Used Car
(Older) |
60 months |
7.49% |
$20.03 |
| 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 11/04/09
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 |
0.55% |
| $25,000.00 to $49,999.99 |
0.80% |
| $50,000.00 to $99,999.99 |
0.90% |
| $100,000.00 to $499,999.99 |
1.00% |
| $500,000.00 and over |
1.05% |
| Cash Management Sweep1 |
$10.00 to $499,999.99 |
0.65% |
| $500,000.00 and over |
1.00% |
| Commercial Checking Earnings Credit (to offset account fees) |
|
0.65% |
| 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 8/29/09
All rates subject to change without notice.
| Home Equity Loan Programs |
Interest Rates |
Thereafter |
Payment Per $1000 |
| Pure Excitement Home Equity Line* |
3.49%
APR |
3.49% APR |
7.14 |
| *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 3.25% APR as of 1/31/09), found in the “Money Rate” section of the Wall Street Journal plus .24% for life. The Prime plus .24% feature includes a discount for Direct Deposit to a Berkshire Bank checking account and an initial draw of $5000.00 at the end of the rescission period or day of recording. If you choose not to participate in either of these features, your rate will revert to Prime plus .50%. 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 3.49%. 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.
|
Related Services:
Consumer Loans |
Mortgage Loans |
Business Loans
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Mortgage Rates
effective 11/05/09
All rates subject to change without notice.
Fixed Rate Mortgages - Primary Residence and Second Homes
Payment does not include taxes and insurance.
Your payment may be greater. |
Payment Per $1000 |
| Program/Term |
Interest Rate |
Points |
Annual Percentage Rate (e) |
| 10 Years |
4.375% |
0 |
4.442% |
$10.31 |
| 15 Years |
4.500% |
0 |
4.546% |
$7.65 |
| 20 Years |
5.125% |
0 |
5.162% |
$6.67 |
| 30 Years |
5.250% |
0 |
5.278% |
$5.53 |
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 does not include taxes and insurance.
Your payment may be greater. |
Payment Range Per $1000 |
| Program/Term |
Fully Indexed Rate |
Introductory Rate |
Points |
Annual Percentage Rate (e) ** |
| 1 Year |
5.250% |
N/A |
0 |
3.545% |
N/A
N/A |
3 Year Fixed/
1 Year ARM |
5.125% |
N/A |
0 |
3.794% |
N/A
N/A |
5 Year Fixed/
1 Year ARM |
5.250% |
N/A |
0 |
4.077% |
N/A
N/A |
10 Year Fixed/
1 Year ARM |
6.000% |
N/A |
0 |
5.118% |
N/A
N/A |
| 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
Payment does not include taxes and insurance.
Your payment may be greater. |
| Program/Term |
Fully Indexed Rate |
Introductory Rates |
Points |
Annual Percentage Rate (e) |
Payment Per $1000 |
30 Years-
MassHousing
MassAdvantage |
N/A |
N/A |
0 |
N/A |
$6.16 |
5 Year Fixed/
1 Year ARM First Time Conv. |
5.125% |
N/A |
0 |
5.159% |
N/A
N/A |
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
Payment does not include taxes and insurance.
Your payment may be greater. |
| Program/Term |
Fully Indexed Rate |
Introductory Rates |
Points |
Annual Percentage Rate (e) |
Payment Per $1000 |
3 Year Interest Only
w/balloon |
6.000% |
N/A |
1 |
6.509% |
N/A
N/A |
Other residential mortgage rates and terms are available.
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