High Yield Savings

Starting to save? See how we stack up.

Saving money can be a real challenge but here’s how you can earn a high interest rate on your money. With our High Yield Savings, you can start a savings plan for unexpected expenses —or just for something exciting.

Set up an automatic transfer from a checking account to make saving easy. More than that, there’s no monthly service fee when you meet the requirements.

  • 4.00% APY on balances $0.01 up to and including $2,499.99
  • 4.00%-1.51% APY on balances $0.01 up to and including $999,999.99, depending on balance in account
  • 1.51%-1.05% APY on balances $0.01 up to and greater than $1,000,000, depending on balance in account

*Qualifications to avoid the monthly maintenance service charge on the High Yield Savings, each qualification period (monthly statement cycle) you must:

  1. Maintain a Berkshire Bank personal checking account with a minimum daily balance of $5,000; or have at least one monthly direct deposit into the checking account.
Banking products are provided by Berkshire Bank: Member FDIC. Berkshire Bank is a Massachusetts chartered bank.
The Annual Percentage Yields (APYs) are accurate as of 7/13/2018 and subject to change. Tier 1- if your daily balance is $2,499.99 or less, the interest rate paid on the entire balance will be 3.93% with an APY of 4.00%.  Tier 2- An interest rate of 1.49% will be paid only for that portion of your daily balance that is greater than $2,499.99.  The APY for this tier will range from 4.00% to 1.51% APY, depending on the balance in the account. Tier 3- An interest rate of 1.00% will be paid only for that portion of your daily balance that is greater than $1,000,000.  The APY for this tier will range from 1.51% to 1.05%, depending on the balance in the account. Fees may reduce earnings. Minimum balance to open the High Yield Savings Account is at least $10 in new money not currently on deposit with us. A monthly maintenance service charge of $10 will be imposed every statement cycle on the High Yield Savings Account if the linked checking account does not meet minimum balance requirements. To avoid the monthly maintenance service charge on the High Yield Savings, each qualification period (monthly statement cycle) you must: (1) Maintain a Berkshire Bank personal checking account with a minimum daily balance of $5,000; or have at least one monthly direct deposit into the checking account. Only one checking account can be linked to the High Yield Savings. We use the daily balance method to calculate the interest on your account and apply a daily periodic rate to the principal in the account each day. There is no minimum balance to earn interest. Limit one account per person. You must be a primary OWNER of the qualifying checking account. Early account closure fee may apply if account is closed within 90 days of account opening. See fee schedule for applicable fees and Truth-in-Savings Disclosure.

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