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 personal accounts

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 Rate3

Promotional Online PRMM Rates2

Minimum Deposit to Open: $10,000*
New Money deposited at account opening
$10,000 and above
Annual Percentage Yield (APY) Interest Rate
$0 - $9.99 0.00% 0.00%
$10 - $5,000,000 5.00% 4.89%
A $10,000 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 $10 after initial deposit. 

Avoid the $5 Monthly Maintenance Fee with a $1,000 minimum daily balance each monthly calendar period.
 
Financial Center PRMM Rates2
Minimum Deposit to Open: $1,000*
New Money deposited at account opening
$1,000 – $49,999.99
Annual Percentage Yield (APY) Interest Rate
$0 - $9.99 0.00% 0.00%
$10 - $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 - $9.99 0.00% 0.00%
$10 - $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 - $9.99 0.00% 0.00%
$10 - $5,000,000 4.25% 4.17%
 
New Money deposited at account opening
$250,000 and above
Annual Percentage Yield (APY) Interest Rate
$0 - $9.99 0.00% 0.00%
$10 - $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 $10 after initial deposit. 

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

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

1The Premium Relationship Money Market (PRMM) 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 PRMM 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. Promotional Online Rates only apply to PRMM opened online. The balance tiers for the Promotional Online and Financial Center PRMM Rates are as follows: $10 – 999.99; $1,000 - $49,999.99; $50,000 - $99,999.99; $100,000 - $249,999.99; $250,000 or more and reflects the current minimum daily collected balance required to obtain the applicable APY. Berkshire Bank interest rates offered within two or more consecutive tiers may be the same. When this occurs, multiple tiers may show as a single tier.
3Rates subject to change without notice. PRMM maintenance and other fees, if any, apply and may reduce account earnings. The balance of the PRMM account cannot exceed $5,000,000. After twelve months the account will convert to our standard Money Market account and the interest rate and Annual Percentage Yield will depend upon the applicable rate tier at that time. Premium Relationship Money Market rates current as of 4/19/2024.



Limited Time Offer and may be withdrawn at any time.