Deposit Rates

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The following Deposit Rates are current as of 2/3/2023

 

Rate Specials

Account Type Interest Rate APY* Minimum Balance to Open Account Minimum Balance to Earn APY* How to Open
13 month Excitement CD Promo (Checking)1 3.93% 4.00% $1000 $1000 Stop in to your nearest Financial Center
15 month Excitement CD (Checking) 3.69% 3.75% $1000 $1000 Stop in to your nearest Financial Center
20 month Excitement CD Promo (Checking)1 2.96% 3.00% $1000 $1000 Stop in to your nearest Financial Center
21 month Excitement CD (Checking) 2.96% 3.00% $1000 $1000 Stop in to your nearest Financial Center
25 month Excitement CD (Checking) 2.47% 2.50% $1000 $1000 Stop in to your nearest Financial Center
20 month Personal Valiant CD (Standard/No Checking) 1.49% 1.50% $5000 $5000 Stop in to your nearest Financial Center
37 month Personal Valiant CD (Standard/No Checking) 1.49% 1.50% $5000 $5000 Stop in to your nearest Financial Center
6 month Special CD 0.35% 0.35% $1000 $1000 Stop in to your nearest Financial Center
Personal Premium Relationship Money Market2          
New Money Deposit at Account Opening $10 - $49,999.99 1.49% 1.50% $1000 $10 Stop in to your nearest Financial Center
New Money Deposit at Account Opening $50,000 - $99,999.99 2.23% 2.25% $1000 $10 Stop in to your nearest Financial Center
New Money Deposit at Account Opening $100,000 - $249,999.99 2.72% 2.75% $1000 $10 Stop in to your nearest Financial Center
New Money Deposit at Account Opening $250,000 & above 3.20% 3.25% $1000 $10 Stop in to your nearest Financial Center
 
 

Checking Accounts

Account Type Interest Rate APY* Minimum Balance to Open Account Minimum Balance to Earn APY* How to Open
NOW Checking 0.02% 0.02% $10 $10 Stop in to your nearest Financial Center
SPEND Checking3 0.10% 0.10% $10 $0.01 Open Online (online only)
Health Savings Account3 0.05% 0.05% n/a n/a Stop in to your nearest Financial Center


Savings Accounts

Account Type Interest Rate APY* Minimum Balance to Open Account Minimum Balance to Earn APY* How to Open
Statement Savings3 0.03% 0.03% $10 $10 Open Online or Stop in to your nearest Financial Center
Valiant Savings3 0.05% 0.05% $10 $10 Stop in to your nearest Financial Center
 


Certificates of Deposit4

Account Type Interest Rate APY* Minimum Balance to Open Account Minimum Balance to Earn APY* How to Open
3 month 0.05% 0.05% $1000 $1000 Stop in to your nearest Financial Center
6 month 0.10% 0.10% $1000 $1000 Stop in to your nearest Financial Center
6 month "Smart Money" 0.15% 0.15% $1000 $1000 Stop in to your nearest Financial Center
1 year 0.15% 0.15% $1000 $1000 Stop in to your nearest Financial Center
1 1/2 - 2 year 0.35% 0.35% $1000 $1000 Stop in to your nearest Financial Center
2 1/2 year 0.35% 0.35% $1000 $1000 Stop in to your nearest Financial Center
3 year 0.35% 0.35% $1000 $1000 Stop in to your nearest Financial Center
4 year 0.35% 0.35% $1000 $1000 Stop in to your nearest Financial Center
5 year 0.50% 0.50% $1000 $1000 Stop in to your nearest Financial Center
6 year 0.50% 0.50% $1000 $1000 Stop in to your nearest Financial Center
7 - 10 year 0.50% 0.50% $1000 $1000 Stop in to your nearest Financial Center
Pure Excitement EasiSaver 6 - 24 months 0.25% 0.25% $200 $200 Stop in to your nearest Financial Center
 


Money Market Accounts5

Account Type Interest Rate APY* How to Open
$10 - $49,999.99 0.20% 0.20% Open Online or Stop in to your nearest Financial Center
$50,000 - $99,999.99 0.25% 0.25% Open Online or Stop in to your nearest Financial Center
$100,000 - $199,999.99 0.30% 0.30% Open Online or Stop in to your nearest Financial Center
$200,000 - $499,999.99 0.45% 0.45% Open Online or Stop in to your nearest Financial Center
$500,000 - $999,999.99 0.50% 0.50% Open Online or Stop in to your nearest Financial Center
$1,000,000 & above 0.50% 0.50% Open Online or Stop in to your nearest Financial Center
*The Annual Percentage Yield (APY) is accurate as of the Effective Date listed above. Fees may reduce earnings on an account. The rate on accounts is variable and may change after the account is opened. Deposits insured by the FDIC.

1Available only to customers who open an account with money not currently on deposit at Berkshire Bank; and have a Berkshire Bank checking account.

2 The interest rate and Annual Percentage Yield for this account will be a fixed premium rate for a period of twelve months from account opening. After a period of twelve months, the account will convert to our standard Money Market Account and the interest rate and Annual Percentage Yield will depend on upon the applicable rate tier at that time. Must have a Berkshire Bank checking account with an ownership relationship at time of account opening.

At our discretion, interest rate and APY* may change at any time after account is opened.

4 Minimum 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.  Please see Consumer Truth In Savings - CD for additional information.

5 At our discretion, interest rate and APY* may change at any time after account is opened. Minimum balance to open money market accounts is $1,000, minimum balance to earn APY is $10 unless otherwise noted.

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

 

MyCheck Service

  • Berkshire Bank's check cashing service will give you the ability to cash your checks instantly and receive quick access to cash for a clear, upfront fee.
  • Check amounts over $1,500.00 are not eligible for this service.
  • There is a daily limit on the dollar amount of the checks that you can cash. You can cash up to $2,500.00 in checks each day. Please keep in mind that a check cashing fee will be charged for each individual check being cashed (see fees below).

6Customer is an individual that has a banking relationship with Berkshire Bank. Accounts can include a checking, savings and/or money market account.
7Non-Customer is an individual that does not have a banking relationship with Berkshire Bank.

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