Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
The Berkshire Bank1.20%$1k$500k18 Month CD
Accounts mentioned in this post. Rates as of July 21, 2014

Special 18-Month CD Rate at The Berkshire Bank in New York City - Local Only

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The Berkshire Bank

The Berkshire Bank has just started offering a special 18-month CD special with a 1.50% APY. Minimum deposit is $10,000. This special is listed at the bank's CD page as of 2/9/2011.

Compared to internet banks on 2/9/2011, the best 18-month CD rate is 1.56% APY at Franklin Synergy Bank.

My last post on this bank was in November when I reviewed the bank's high-yield reward checking account, called Power NOW Checking. The account is still paying 2.50% APY on balances up to $25K.

It appears that a branch visit is required to open an account. Branches are located in New York City, Brooklyn, Harriman, Goshen, Bloomingburg. They also have branches in Ridgefield and Teaneck, New Jersey.

The bank has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 1.72% (excellent) based on September 2010 data. Please refer to our financial overview of The Berkshire Bank for more details. The bank has been a FDIC member since 1989 (FDIC Certificate # 27503).

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

  Tags: The Berkshire Bank, reward checking account, checking account, New York, New Jersey

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Comments
Comment #1 by Wil posted on
Wil
Just a week ago it was 1.9% APY -- I opened one at the Teaneck, NJ branch on 2/1/2011.

1