Berkshire Hills Bancorp and Brookline Bancorp announced plans to merge to bring you the premier Northeast bank. Learn more about this transformational partnership and what it means for you.
Please see the attached public notice concerning the proposed Berkshire-Brookline bank merger provided by the Massachusetts Division of Banks.
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Get checking and savings accounts that always give you more.
You have plenty of options for earning interest on your money at a good rate. Whether it's your daily checking account or a long-term savings account, you'll keep your financial momentum moving forward with Berkshire Bank.
The following Deposit Rates are current as of 4/18/2025.
Certificates of Deposit1
Promotional CD Rates
|
Minimum Deposit to Open and Earn APY
|
Annual Percentage Yield (APY)
|
Interest Rate
|
|
|---|---|---|---|
| 6 Month Special CD | $1,000 | 4.00% | 3.93% |
| 13 Month Relationship CD* | $1,000 | 4.15% | 4.07% |
| 24 Month Relationship CD* | $1,000 | 4.00% | 3.93% |
| 20 Month Personal Valiant CD** | $5,000 | 1.35% | 1.34% |
| 37 Month Personal Valiant CD** | $5,000 | 1.35% | 1.34% |
* A $1,000 minimum deposit AND a Berkshire Bank checking account with an ownership relationship required.
1 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. 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.
**This account is offered to active, reserve, or retired Law Enforcement Officer, Firefighter, EMT/Paramedic, or U.S. Military personnel member.
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 - $2,999.99 Combined Monthly Direct Deposit OR $0.01 - $4,999 Average Daily Balance | 0.00% | 0.00% |
| Tier 2 | $3,000 - $7,499 Combined Monthly Direct Deposit OR $5,000 - $49,999 Average Daily Balance | 0.00% | 0.00% |
| Tier 3 | $7,500 & Above Combined Monthly Direct Deposit OR $50,000 & Above Average Daily Balance | 0.85% | 0.85% |
1 Minimum balance to open account. Avoid the $35 Monthly Maintenance Fee by maintaining one of the following requirements:
2To obtain the disclosed Annual Percentage Yield you must maintain one of the following requirements:
3 At our discretion, interest rate and APY* may change at any time after account is opened. Fees imposed may reduce earnings.
Checking Rates
|
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.
3 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.
Savings Accounts
Savings Rates
|
Minimum Deposit to Open and Earn APY
|
Annual Percentage Yield (APY)
|
Interest Rate
|
|
|---|---|---|---|
| Excitement Savings** | $10,000* | 3.15% | 3.11% |
| 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.
3 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.
Certificates of Deposit1
Fixed Interest Rate
CD Rates
|
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% |
1 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. 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 | 2.40% | 2.37% |
| $50,000 - $99,999.99 | 3.10% | 3.06% |
| $100,000 - $249,999.99 | 3.55% | 3.49% |
| $250,000 & above | 4.05% | 3.98% |
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. Avoid the $10 Monthly Maintenance Fee with a $1,000.00 average monthly balance each monthly calendar period.
3 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.
Money Market Rates
Minimum Deposit to Open: $1,000*
|
Daily Balance Range To Earn APY3
|
Annual Percentage Yield (APY)3
|
Interest Rate3
|
|---|---|---|
| $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.
3 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.
Berkshire Bank is a full-service financial institution with branches in MA, CT, VT, NY, and RI.
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