The Berkshire Bank
Serving Communities in New York & New Jersey
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Business Savings

Connecting you with life’s opportunities is what we are all about. That is why we offer a full range of business financial products and services specifically designed to meet the needs of people who work in the communities we serve. Trust the professionals at The Berkshire Bank to help you find a better way to manage your everyday business finances today, or build a stronger future for your business tomorrow. To find the solution you are looking for, and the advice you need, visit your local branch or call us and we will be happy to help.

Platinum Super Savings

Statement Super Savings

Statement Savings

For full details on all our products and services, please consult our 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. 

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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. 

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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.

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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 $24,9990.20%0.20%
$25,000 to $49,9990.20%0.20%
$50,000 to $99,9990.30%0.30%
$100,000 to $999,999 0.50%0.50%
 $1,000,000 & above1.14%1.15%

                               Click here to view our Terms and Conditions  

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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.

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Terms and Conditions

Interest rates valid as of November 2, 2018.
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

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Platinum Super Savings

Go Platinum. With our Platinum Super Savings account, it's easy to save. Just deposit and maintain a minimum opening balance of $50,000 and earn a highly competitive interest rate. What could be easier? Call today for more details. After all why settle for second best when you can G0 Platinum.

Platinum Super Savings       Interest Rate     APY*     
$50,000 to $249,9990.10%0.10%
$250,000 to $1,999,9990.10%0.10%
$2,000,000 to $9,999,9990.10%0.10%
$10,000,000 - $24,999,9990.10%0.10%
$25,000,000 and above  0.10%0.10%

                                Click here to view our Terms and Conditions



Statement Super Savings

Introducing The Berkshire Bank Statement Super Savings account. Take advantage of our highly attractive interest rates with the freedom to access your funds 24 hours a day. Sit back and watch your money grow with this Super Savings Account.


Statement Super Savings      Interest Rate APY*
$25,000 to $1,999,9990.35%    0.35%   
 $2,000,000 & above0.50%0.50%
              
                              Click here to view our Terms and Conditions

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Statement Savings

With The Berkshire Bank Statement Savings account you have the freedom to access your funds along with many possibilities. You can link your checking and savings account together and enjoy 24 hour access to your funds through telephone banking and BerkOnline®, our online banking service.

Statement SavingsInterest Rate APY*
$300 to $9,999 0.10%      0.10%    
$10,000 to $99,999 0.10%0.10%
$100,000 to $2,999,999       0.10% 0.10%
$3,000,000 and above 0.25%0.25%

                              Click here to view our Terms and Conditions

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Terms & Conditions

Interest rates valid as of October 16, 2018.
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.
Early withdrawal from some accounts, if permitted, may be subject to a penalty.

For full details on all our products and services, please consult our 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 $24,9990.20%0.20%
$25,000 to $49,9990.20%0.20%
$50,000 to $99,9990.30%0.30%
$100,000 to $999,999 0.50%0.50%
 $1,000,000 & above1.14%1.15%

                               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 November 2, 2018.
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

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