The Berkshire Bank
Serving Communities in New York & New Jersey
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Certificates of Deposit

The Berkshire Bank offers highly competitive Personal account CD rates suitable for any client looking for a long term, secure investment.  With a variety of terms, rates and balances, you will find a CD tailored to suit any of your banking needs. 

For full details on all our products and services, please consult our Account Agreement and Disclosures and our Schedule of Fees and Services Charges

Earn More with our 

1.15% APY*
 on an 18 month CD

(1.14% Interest Rate)

Certificates of Deposit For Personal Accounts

 $1,000 - $9,999.99


 $10,000 - $499,999.99

 1 month 0.05%    0.05%               1 month 0.10%    0.10%  
 2 months 0.05% 0.05%  2 months 0.10%   0.10%
 3 months 0.05% 0.05%  3 months 0.15% 0.15%
 4 months 0.05% 0.05%  4 months 0.15% 0.15%
 6 months 0.10% 0.10%  6 months 0.45% 0.45%
 9 months 0.10%


  9 months 0.45% 0.45%
12 months 0.50% 0.50% 12 months 1.00% 1.01%

13 months

 0.50% 0.50% 13 months 1.00% 1.01%

18 months

 0.30% 0.30% 18 months 1.14% 1.15%
24 months 0.40% 0.40% 24 months 1.14% 1.15%
36 months 0.45% 0.45% 36 months 1.14% 1.15%

          Click here for Terms and Conditions

CDs require a $1,000 minimum opening deposit. Interest on CDs is compounded daily and calculated on an actual/365 day basis and paid at maturity.

Retirement Account (IRA’s)

The Berkshire Bank offers competitive CD interest rates suitable for any client looking for an FDIC-insured, secure investment for their Traditional IRA.  With a variety of rates and terms you will find a CD tailored to suit any of your investment needs.  

Step-Up CD

Don't get stuck if rates go up. With our 36 Month Step-Up CD, you have the opportunity to get an increase in your APY at the 18 month anniversary of your CD. If the rates drop, you'll hold on to your higher rate until your CD matures. Secure a great rate now, and have the chance to step up into an even better one later.


Step-Up CD

 $50,000 - $1,000,000

36 Months 1.24% 1.25%


* APY (Annual Percentage Yield). Valid for personal accounts only. One account per household. Minimum opening deposit of $50,000.00 required. The Step-Up enhancement is a one-time yield adjustment. The Berkshire Bank will increase the yield on the CD by 50% of the difference between the highest yield on Bloomberg’s US Treasury Notes (Asked Yield) maturing in 18 months and the current yield on the CD, rounded to the nearest .05%. If the increase is less than 0.0250%, there will be no adjustment and it will remain the same. The increase is capped at 3.50%, and may not exceed that yield at any time. Early withdrawals may be subject to a substantial penalty. The Bank will only provide you with a written notice if the yield changes after the eighteen month anniversary date of your CD (if applicable) and again when the account is approaching maturity. Funds from CDs that have been terminated early are not eligible for deposit into this account. Additional details can be found below and in the Bank’s Account Agreement & Disclosures and Schedule of Fees & Service Charges.


Terms and Conditions

Interest rates valid as of April 12, 2016.
All interest rates are subject to change without prior notice.
APY refers to Annual Percentage Yield*
Early withdrawal, if permitted, will be subject to a substantial penalty. 
Rates listed above valid on personal accounts only.
These offers may be modified or withdrawn at any time.
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

FDIC Insured
FDIC Insured
Equal Housing Lender