Anything But Business Banking As Usual

Let's get to work

 
  • Flexibility for low transaction volume accounts
  • Access accounts via mobile banking
  • $10 minimum opening deposit
 
  • Tiered interest rate based on balances
  • Easy Access
  • $2,500 minimum opening deposit
 
  • Easy to apply
  • Revolving line of credit
  • No need to re-apply annually on most lines
 
  • A smart way to fund business expansions
  • Longer payback period for major purchases
  • Predictable repayment terms over a fixed period of time

Banking products are provided by Berkshire Bank: Member FDIC. Equal Housing Lender.
1Allowance of 500 items per statement cycle. The 500 item allowance includes: deposits, deposited items, withdrawals, checks processed against the account, ATM/Debit card deposits. Excess of allowed item fee - $0.35/item.
2Current promotional Business Pure Excitement Money Market Account Annual Percentage Yields (APYs) which are accurate as of 4/17/19 and subject to change are; $25,000 - $999,999.99, 1.25% APY. After the 12 months, the interest rate and annual percentage yield (APY) for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Money market maintenance and other fees, if any, could reduce earnings on this account. The minimum balance to open an account and attain the stated Annual Percentage Yield (APY) is $2,500. The Business must be the primary OWNER of the qualifying checking account, and the maximum balance for this money market does not exceed $1,000,000. To qualify for the promotional APY for twelve months, each qualification period (monthly statement cycle) you must: (1) Maintain a Berkshire Bank business checking account with a minimum daily balance of $5,000, or have at least one monthly direct deposit into the checking account. If these requirements are not maintained, account will be changed to the regular Business Pure Excitement Money Market tiered account. Business Accounts with banking relationship only.
3Prime Rate is 5.50% APR as of 12/20/18. Loans up to $50,000 are Prime Rate plus 2.25% floating monthly and loans from $50,001 to $100,000 are Prime Rate plus 1.25% floating monthly. Subject to credit approval. Your actual APR will be determined when a credit decision is made and may be higher than the lowest rate available. Rate subject to ACH (automated clearing house) payment from a Berkshire Bank deposit account and existing personal and business deposit relationship to obtain the stated APR. Revolving on demand terms available. Loans under $50,000 require application only, Loans over $50,000 require 3 years of tax returns. Unsecured lines of credit have a maximum of $25,000. Lines of credit over $25,000 up to $100,000 require a first lien on all business assets. 4Term Loan: The Annual Percentage Rates (APR) as of 12/20/18 are for illustrative purpose only and may change. Stated rate subject to ACH (automated clearing house) payment from a Berkshire Bank deposit account and existing personal and business deposit relationship. Your actual APR will be determined when a credit decision is made and may be higher than the lowest rate available. Longer terms, a different type of loan, and non-qualification for discounts will result in higher rates. Rates subject to change without notice and available for new money only and excludes refinancing of existing Berkshire Bank debt. Subject to credit approval. Terms available up to 5 years. Loans under $50,000 require application only, loans over $50,000 requires 3 year’s tax return. Unsecured Loans have a maximum of $25,000. Loans over $25,000 up to $100,000 require a first lien on all business assets.

These offers are valid in Berkshire County, MA and Vermont only and may be withdrawn at any time.

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