Business Checking Our business checking accounts include: Better Business Checking
Regular Business Checking
Business Checking (IOLA)
Money Market
Attorney/Master Escrow
For full details on all our products and services, please consult our Account Agreement and Disclosures and our Schedule of Fees and Services Charges
Better Business Checking
Better Business Checking is designed for the business account that does not anticipate a high volume of account activity. Offering a limited number of free transactions each statement cycle, this account works well for the smaller business customer.
Return to Top
Regular Business Checking
This account is designed to benefit the business customer who handles a large number of transactions each month. What’s more, the monthly service fee can be offset by a monthly earnings credit.
Return to Top
Business Checking Account - IOLA
IOLA Accounts are interest bearing checking accounts available to all attorneys required to open such a checking account under government guidelines. Interest is compounded daily, credited to the account monthly and remitted to the New York State IOLA Fund on a quarterly basis.
Return to Top
Business Money Market
The Berkshire Bank Money Market account is an interest bearing account with limited check writing privileges. Just open this business account with the required minimum opening balance of $5,000 and maintain that balance in your account to avoid service fees.
| Money Market | Interest Rate | APY* | | $5,000 to $24,999 | 0.20% | 0.20% | | $25,000 to $49,999 | 0.25% | 0.25% | | $50,000 to $99,999 | 0.25% | 0.25% | | $100,000 to $999,999 | 0.30% | 0.30% | | $1,000,000 & above | 0.30% | 0.30% |
Click here to view our Terms and Conditions Return to Top
Attorney/Master Escrow
Among The Berkshire Bank's specialized business banking products are our Attorney Master/Escrow accounts. These accounts, conveniently organized in a single bank statement, offer attorneys the opportunity to open separate sub-accounts for client funds held in escrow. Our Attorney Master/Escrow Accounts are a simple way to keep track of escrow activities.
Return to Top
Terms and Conditions
Interest rates valid as of 10/1/2024.
Interest rates and offers are subject to change or may be modified or withdrawn at any time and without notice.
APY refers to Annual Percentage Yield*
Certain restrictions may apply.
Fees may reduce earnings on accounts.
For full details on all our products and services, please consult our Account Agreement and Disclosures and our Schedule of Fees and Services Charges
Return to Top |
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
