Berkshire One

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Berkshire One

The following Deposit Rates are current as of 5/31/2024
 
Berkshire One is a suite of digital first products which deliver competitive rates, unique benefits and unparalleled accessibility through Berkshire Bank’s leading edge digital platforms.

Berkshire One clients have access to four unique products:

Berkshire One Checking¹
Super accessible and secure checking account with some great perks
  • Receive up to $15 credit per month for select streaming services once you set up direct deposit2
  • Access your account at nearly 100 Berkshire Bank ATMs and get up to 2 fees refunded on out-of-network ATM withdrawals.
  • Free Identity Theft Protection available for your account safety
  • Interest rate and Annual Percentage Yield of 0.10% by signing up for online banking and setting up paperless statements
Berkshire One Savings³
Attractive rates with no monthly fees for balances over $250
  • Competitive interest rate of 3.93% with a 4.00% Annual Percentage Yield
  • Maximize your interest earnings by easily moving funds from your Berkshire checking to your Berkshire One Savings
  • Requires open and active Berkshire Bank checking account
Berkshire One Money Market4
Excellent rates with no monthly fees for balances over $1,000
  • Competitive interest rate of 4.89% with a 5.00% Annual Percentage Yield
  • Smart investment with no tier pricing & ability to easily transfer funds to maximize earnings
  • Requires open and active Berkshire Bank checking account
  • Low minimum balance of $1,000 
Berkshire One Certificate of Deposit5
6-month term at an outstanding rate for our Berkshire checking clients
  • Competitive interest rate of 4.89% with a 5.00% Annual Percentage Yield
  • Minimum deposit of $1,000 to open account
  • Requires open and active Berkshire Bank checking account

Open an Account Today!



 
Banking products are provided by Berkshire Bank: Member FDIC. Equal Housing Lender. Berkshire Bank is a Massachusetts chartered bank.  An early account closure fee of $35 will apply if the checking, savings or money market account is closed within 12 months of opening and other fees may apply. Rates are subject to change at any time.

¹Berkshire One Checking:  The minimum balance to open a Berkshire One Checking Account is $10.  Minimum balance to earn variable interest rate and Annual Percentage Yield (APY) is $0.01. In order to receive the stated variable 0.10% Annual Percentage Yield (APY), this account must be enrolled in Paperless Statements and Notices. This is a variable rate account, and the interest rate and APY are subject to change without notice. Product not available for business accounts. Courtesy Pay℠, our discretionary service, is not available for this account. Generally, we will not authorize or pay transactions when you do not have enough money in your account. Fees may be charged by the merchant if your transactions are returned unpaid. For transactions that are pre-authorized by us, we must pay those transactions when they are presented for payment even if your account balance at the time of settlement is not sufficient to cover them. When this happens, you are not charged overdraft fees or continuous overdraft fees. Identity theft protection services are available for this account. Information about Identity Theft services will be sent in a separate email.

2The following additional terms apply to this account: If you qualify each calendar month, for the 12 months following account opening, we will credit up to $15 per month into your Berkshire One Checking account. Monthly credits will cease the 13th calendar month after account opening. Berkshire Bank will provide a credit in the amount of the highest streaming service paid up to $15. For example: If you pay $6.99 a month for Netflix and $7.99 a month for Disney+, you will receive a streaming service credit of $7.99 the following calendar month. If you pay over $15 a month for one of the below streaming services, you will receive a credit of $15 the following calendar month. This credit will show on your statement with the description “Credit for streaming service”.

When the streaming service credit qualifications are met, the credit will be posted to your account within the following calendar month. If you do not qualify at any point during the 13 calendar months following account opening, you will NOT receive the streaming service credit for that calendar month. If the account is closed before any credits are posted to your account, the credits will be forfeited. Your credits may be reportable to the IRS on Form 1099-MISC.

To qualify for the streaming service credit, each Calendar Month you must:
Have a combined Direct Deposit total of $2,000 or more each month into your Berkshire One Checking account AND Set up a monthly subscription with one of the following five streaming services to be debited out of your Berkshire One Checking account: Disney+, Netflix, Hulu, YouTube Premium or Paramount+. Annual subscriptions do not qualify. Both required transactions must post and settle to the account during the Calendar Month. Your monthly streaming service debit must post and settle to your account by the end of business (5 PM EST) on the last business day of a Calendar Month to be counted. Transactions may take one or more business days to post and settle to an account after the date a transaction is made. “Calendar Month” begins on the first of the month and ends the last day of the monthly period.
 
³Berkshire One Savings:  This account will receive a variable premium interest rate and Annual Percentage Yield (APY). The variable premium interest rate and APY are subject to change without notice. Current APYs are: 4.00% APY. Fees may reduce earnings. Minimum balance to open the Berkshire One Savings account is $250. The minimum balance to obtain the disclosed APY is $10. A maintenance service charge of $5 will be imposed every month if the balance in the account falls below $250 any day of the monthly calendar period. In order to qualify for this account, you need to have a Berkshire Bank checking account with an OWNERSHIP relationship. 

4Berkshire One Money Market: This account will receive a variable premium interest rate and Annual Percentage Yield (APY). The variable premium interest rate and APY subject to change without notice. A $1,000 minimum deposit AND a Berkshire Bank checking account with an ownership relationship required. Avoid the $5 Monthly Maintenance Fee with a $1,000 minimum daily balance each monthly calendar period.  The current APY's are: 5.00% APY. The minimum balance requirement to earn the APY is $10. Berkshire One Money Market maintenance and other fees, if any, apply and may reduce account earnings. The balance of the Berkshire One Money Market account cannot exceed $5,000,000. 

5Berkshire One 6 Month CD:  The minimum balance to open an account and attain the stated Annual Percentage Yield (APY) is $1,000. APY is subject to change at any time. Current APY’s are: 5.00% APY.  A penalty may be imposed for early withdrawal. Fees may reduce earnings. The balance of the Berkshire One CD account cannot exceed $1,000,000. In order to qualify for the Berkshire One 6 Month CD, you must be an OWNER on a Berkshire Bank checking account. Transaction limitations are as follows: You may not make any additional deposits into your Berkshire One CD account before maturity.

Limited Time Offer and may be withdrawn at any time.

Please see the fee schedule for applicable fees and the Consumer Online Account Truth In Savings for additional information.