Business Premium Relationship Money Market Account

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A Money Market Account
That Really Delivers

  • Interest rate and Annual Percentage Yield (APY) will be determined by the initial deposit of new money that is not already on deposit in other accounts
  • 4 tiers based on new money deposit
  • Checking account required
  • Competitive rates
  • For business accounts

Business Premium Relationship Money Market (PRMM)1

The Interest Rate and Annual Percentage Yield (APY) will be determined by the initial deposit amount of new money as indicated in the charts below and will earn the APY for that balance tier regardless of the balance after the initial deposit.
 
Variable Interest Rate2

Minumum Deposit to Open: $1,000
New Money deposited at account opening
$1,000 – $49,999.99
Annual Percentage Yield (APY) Interest Rate
$0 - $999.99 0.00% 0.00%
$1,000 - $5,000,000 3.00% 2.96%
 
New Money deposited at account opening
$50,000 – $99,999.99
Annual Percentage Yield (APY) Interest Rate
$0 - $999.99 0.00% 0.00%
$1,000 - $5,000,000 3.75% 3.69%
 
New Money deposited at account opening
$100,000 – $249,999.99
Annual Percentage Yield (APY) Interest Rate
$0 - $999.99 0.00% 0.00%
$1,000 - $5,000,000 4.25% 4.14%
 
New Money deposited at account opening
$250,000 and above
Annual Percentage Yield (APY) Interest Rate
$0 - $999.99 0.00% 0.00%
$1,000 - $5,000,000 4.75% 4.65%
 
A $1,000 minimum deposit of new money not currently on deposit with us during the previous thirty calendar days AND a Berkshire Bank checking account with an ownership relationship required.
*Minimum balance to earn APY is $1,000 after initial deposit. 

Avoid the $5 Monthly Maintenance Fee with a $1,000 minimum daily balance each monthly calendar period.
 

Visit your nearest Financial Center 

Banking products are provided by Berkshire Bank: Member FDIC. Equal Housing Lender. Berkshire Bank is a Massachusetts chartered bank.

1The Business Premium Relationship Money Market account will receive a variable premium interest rate and Annual Percentage Yield (APY) for a period of twelve months from account opening. The interest rate and APY tier for the twelve-month period will be determined by the amount of initial new money deposited at account opening. You can deposit funds from an existing account to the Business Premium Relationship after account opening, however, the interest rate and APY is based on the new money initially deposited.

2Interest Rates and Annual Percentage Yields (APYs) rates shown are accurate as of the date listed. Rates subject to change without notice. Business Premium Relationship Money Market maintenance and other fees, if any, apply and may reduce account earnings. The balance of the Business Premium Relationship Money Market account cannot exceed $5,000,000. After twelve months the account will convert to our standard Business Money Market account and the interest rate and Annual Percentage Yield will depend upon the applicable rate tier at that time. Business Premium Relationship Money Market rates current as of 2/23/2024.



Limited Time Offer and may be withdrawn at any time.