Deposit Rates

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The following Deposit Rates are current as of 12/6/2024

 

CERTIFICATES OF DEPOSIT1

Fixed Interest Rate
 
Promotional Online CD Rates
Product Minum Deposit to Open and Earn APY Annual Percentage Yield (APY) Interest Rate
6 Month Berkshire One CD* $1,000 4.30% 4.22%
24 Month Berkshire One CD* $1,000 3.75% 3.69%
Promotional Financial Center CD Rates
Product Minumum Deposit to Open and Earn APY Annual Percentage Yield (APY) Interest Rate
6 Month Special CD $1,000 4.30% 4.22%
13 Month Relationship CD* $1,000 4.00% 3.93%
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.

 

 

CHECKING ACCOUNTS

Berkshire Direct Checking
Minimum Deposit to Open: $10001
  Combined Monthly Direct Deposit
OR
Average Daily Balance2
Annual Percentage Yield (APY)3 Interest Rate3
Tier 1
 
$0.01 - $2999.99 Combined Monthly Direct Deposit
OR
$0.01 - $4999 Average Daily Balance
0.00% 0.00%
Tier 2
 
$3000 - $7499 Combined Monthly Direct Deposit
OR
 $5000 - $49,999 Average Daily Balance
0.00% 0.00%
Tier 3
 
$7500 & Above Combined Monthly Direct Deposit
OR
 $50,000 & Above  Average Daily Balance
1.00% 1.00%


(1) Minimum balance to open account. 
(2) To obtain the disclosed Annual Percentage Yield you must maintain one of the following requirements:

•A minimum combined monthly direct deposit amount of $7,500.00 in your Berkshire Direct Checking account; OR•An average monthly balance of $50,000.00 in your Berkshire Direct Checking account each monthly statement cycle. Refer to the Terms and Conditions of this product for more information.
(3) At our discretion, interest rate and APY* may change at any time after account is opened. Fees imposed may reduce earnings. 



Variable Interest Rate3

Online Checking Rates
Product Minimum Deposit
to Open
Annual Percentage Yield (APY) Interest Rate
Berkshire One 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.

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 Savings Rates
Product Minimum Deposit
to Open
Annual Percentage Yield (APY) Interest Rate
Berkshire One Savings $250* 4.00% 3.93%

A Berkshire Bank checking account with an ownership relationship required
 
Open Account Online

Financial Center Savings Rates
Product Minimum Deposit
to Open and Earn APY
Annual Percentage Yield (APY) Interest Rate
Excitement Savings** $10,000* 3.35% 3.30%
Statement Savings*** $10 0.03% 0.03%
Valiant Savings**** $10 0.05% 0.05%

*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.
***Avoid the $5 Monthly Maintenance Fee with a $250 minimum daily balance each monthly calendar period.
****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

 
Berkshire Direct Money Market1
Minimum balance to open account is $25,0002
Daily Balance Range
To Earn APY3
Annual Percentage Yield (APY)3 Interest Rate3
$25,000 - $49,999.99 2.55%` 2.52%
$50,000 - $99,999.99 3.30% 3.25%
$100,000 - $249,999.99 3.80% 3.74%
$250,000 & above 4.30% 4.22%

 

(1)You must be the primary owner of a Berkshire Direct Checking account.
(2)You must deposit $25,000.00 of funds that are not already on deposit in other accounts with Berkshire Bank during the previous thirty calendar days to open this account
​(3)At our discretion, the interest rate and APY may change at any time after account is opened. Fees imposed may reduce earnings

Variable Interest Rate3
 
Promotional Online Berkshire One 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 & above 4.30% 4.22%
 
*Minimum balance to earn APY is $10 after initial deposit.
A Berkshire Bank checking account with an ownership relationship required.No maintenance service charge fees will be charged on Berkshire One Money Market accounts regardless of the balance maintained.
 

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 0.10% 0.10%
$50,000 - $99,999.99 0.15% 0.15%
$100,000 - $199,999.99 0.25% 0.25%
$200,000 - $499,999.99 0.30% 0.30%
$500,000 - $999,999.99 0.40% 0.40%
$1,000,000 & above 0.40% 0.40%
*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

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.


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