Deposit Rates

Contact Us Visit Us

We're happy to help you secure and grow your money.

The following Deposit Rates are current as of 4/19/2024

 

CERTIFICATES OF DEPOSIT1

Fixed Interest Rate
 
Promotional Online and Financial Center CD Rates
Product Minum Deposit to Open and Earn APY Annual Percentage Yield (APY) Interest Rate
6 Month Special CD $1,000 5.00% 4.89%
Promotional Financial Center CD Rates
Product Minumum Deposit to Open and Earn APY Annual Percentage Yield (APY) Interest Rate
13 Month Relationship CD* $1,000 4.10% 4.03%
24 Month Relationship CD* $1,000 3.75% 3.69%
20 Month Personal Valiant CD $5,000 1.50% 1.49%
37 Month Personal Valiant CD $5,000 1.50% 1.49%
*A $1,000 minimum deposit AND a Berkshire Bank checking account with an ownership relationship required.
 

Visit your nearest Financial Center 

1Minimum balance to obtain APY on Certificates of Deposit (CD) is $1,000 unless otherwise noted. CD rates are fixed for the term of the account. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). A penalty may be imposed for early withdrawal from a CD and is based on the maturity term and could reduce earnings. Transaction Limitations apply.  Refer to the Important Terms and Conditions, Consumer Truth In Savings - CD , Valiant Truth in Savings - CD for the early withdrawal penalties and additional information.

 


PREMIUM RELATIONSHIP MONEY MARKET (PRMM)2

 
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 Rates

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.

Open Account Online

Financial Center PRMM Rates
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.

Visit your nearest Financial Center 
 
2The 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.
Interest 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. 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.
3At our discretion, interest rate and APY may change at any time after account is opened. The Annual Percentage Yields (APY) are accurate as of the date listed. Fees may reduce earnings on an account.
 
 

CHECKING ACCOUNTS

Variable Interest Rate3

Online Checking Rates
Product Minimum Deposit
to Open
Annual Percentage Yield (APY) Interest Rate
Spend Checking $10* 0.10% 0.10%
*Minimum balance to earn APY is $0.01 after initial deposit.
In order to receive the stated APY, you must enroll in Online Banking and sign up for Paperless Statements and Notices at account opening.

Open Account Online

Financial Center Checking Rates
Product Minimum Deposit
to Open and Earn APY
Annual Percentage Yield (APY) Interest Rate
NOW Checking** $10 0.02% 0.02%
Health Savings Account $0 0.05% 0.05%
**Avoid the $7 Monthly Maintenance Fee with a $750 minimum daily balance each monthly statement cycle

Visit your nearest Financial Center
 
3At our discretion, interest rate and APY may change at any time after account is opened. The Annual Percentage Yields (APY) are accurate as of the date listed. Fees may reduce earnings on an account.
 


SAVINGS ACCOUNTS


Variable Interest Rate3

Online and Financial Center Savings Rates
Product Minimum Deposit
to Open
Annual Percentage Yield (APY) Interest Rate
Excitement Savings** $10,000* 4.00% 3.93%
*Minimum balance to earn APY is $10 after initial deposit.
**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.
 
Product Minimum Deposit
to Open and Earn APY
Annual Percentage Yield (APY) Interest Rate
Statement Savings*** $10 0.03% 0.03%
***Avoid the $5 Monthly Maintenance Fee with a $250 minimum daily balance each monthly calendar period.

Open Account Online
Visit your nearest Financial Center

Financial Center Savings Rates
Product Minimum Deposit
to Open and Earn APY
Annual Percentage Yield (APY) Interest Rate
Valiant Savings $10 0.05% 0.05%
This account is offered to active, reserve, or retired Law Enforcement Officer, Firefighter, EMT/Paramedic, or U.S. Military personnel member.

Visit your nearest Financial Center
 
3At our discretion, interest rate and APY may change at any time after account is opened. The Annual Percentage Yields (APY) are accurate as of the date listed. Fees may reduce earnings on an account.
 
 

CERTIFICATES OF DEPOSIT1


Fixed Interest Rate

Financial Center CD Rates
Product Minimum Deposit
to Open and Earn APY
Annual Percentage Yield (APY) Interest Rate
3 Month CD $1,000 0.05% 0.05%
6 Month CD $1,000 0.10% 0.10%
6 Month “Smart Money” CD $1,000 0.15% 0.15%
1 Year CD $1,000 0.15% 0.15%
1 ½ - 2 Year CD $1,000 0.35% 0.35%
2 ½ Year CD $1,000 0.35% 0.35%
3 Year CD $1,000 0.35% 0.35%
4 Year CD $1,000 0.35% 0.35%
5 Year CD $1,000 0.50% 0.50%
6 Year CD $1,000 0.50% 0.50%
7 – 10 Year CD $1,000 0.50% 0.50%
Pure Excitement Easisaver 
6 – 24 Month CD
$200 0.25% 0.25%

Visit your nearest Financial Center
 
1Minimum balance to obtain APY on Certificates of Deposit (CD) is $1,000 unless otherwise noted. CD rates are fixed for the term of the account. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). A penalty may be imposed for early withdrawal from a CD and is based on the maturity term and could reduce earnings. Transaction Limitations apply.  Refer to the Important Terms and Conditions, Consumer Truth In Savings - CD , Valiant Truth in Savings - CD for the early withdrawal penalties and additional information.
 


MONEY MARKET ACCOUNTS

 

Variable Interest Rate3
Online and Financial Center Money Market Rates
Minimum Deposit to Open: $1,000*
Daily Balance Range
To Earn APY
Annual Percentage Yield (APY) Interest Rate
$0 - $9.99 0.00% 0.00%
$10 - $49,999.99 0.20% 0.20%
$50,000 - $99,999.99 0.25% 0.25%
$100,000 - $199,999.99 0.30% 0.30%
$200,000 - $499,999.99 0.45% 0.45%
$500,000 - $999,999.99 0.50% 0.50%
$1,000,000 & above 0.50% 0.50%
*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.


Open Account Online
Visit your nearest Financial Center

At our discretion, interest rate and APY may change at any time after account is opened. The Annual Percentage Yields (APY) are accurate as of the date listed. Fees may reduce earnings on an account.

 

 

Please see Consumer Truth In Savings and Common Features Consumer Fee Schedule for additional information.


Other Useful Resources:



 

Think Forward

Tools to help you get ahead