The Berkshire Bank


Overview / Commentary
212-802-1000
4 East 39th Street
New York, NY 10016

The Berkshire Bank is headquartered in NEW YORK and is the 69th largest bank in the state of New York. It is also the 1,609th largest bank in the nation. It was established in 1989 and as of March of 2025, it had grown to 86 employees at 8 locations. The Berkshire Bank's money market rates are 6X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #27503
Year Established1989
Employees86
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD2.75%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$585.3MM$603.2MM
LoansQ1 2025vs Q1 2024$179.6MM$234.6MM
DepositsQ1 2025vs Q1 2024$448MM$472MM
Equity CapitalQ1 2025vs Q1 2024$130.7MM$125.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$9.2MM$8.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$10.8MM$1,000
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Berkshire Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Berkshire Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Statement Savings
OTHER TIERS: 0.10% $300 - $10k | 0.50% $10k - $100k
0.55%*$1m*-Statement Super Savings
OTHER TIERS: 0.50% $15k - $1m
0.55%*$2m*-Business Statement Super Savings
OTHER TIERS: 0.50% $25k - $2m
0.30%*$1m*$4mBlue Ribbon Savings
OTHER TIERS: 0.10% $10k+ | 0.20% $250k - $1m
0.25%*$3m*-Business Statement Savings
OTHER TIERS: 0.10% $300 - $3m
0.10%$50k-Business Platinum Super Savings

The Berkshire Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%*$20k*-Gold Money Market - New Money
OTHER TIERS: 0.50% $2.5k - $20k
0.30%*$100k*-Business Money Market
OTHER TIERS: 0.20% $5k - $25k | 0.25% $25k - $100k
0.20%*$100k*$1mMoney Market Checking
OTHER TIERS: 0.10% $2.5k+ | 0.15% $25k - $100k

The Berkshire Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1m*-NOW Checking
OTHER TIERS: 0.20% $1.5k - $25k | 0.45% $25k - $1m
0.00%$500-Super Security Checking

The Berkshire Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.89%$10k$1m3 Month CD
2.89%$10k$1mBusiness 3 Month CD
2.53%$10k$1m6 Month CD
2.53%$10k$1m9 Month CD
2.53%$10k$1m12 Month CD
2.53%$10k$1mBusiness 6 Month CD
2.53%$10k$1mBusiness 9 Month CD
2.53%$10k$1mBusiness 12 Month CD
1.26%$10k$1m18 Month CD
1.26%$10k$1m24 Month CD
1.26%$10k$1mBusiness 18 Month CD
1.26%$10k$1mBusiness 24 Month CD
1.01%$10k$1m36 Month CD
1.01%$10k$1mBusiness 36 Month CD
0.10%*$500k*$1m1 Month CD
OTHER TIERS: 0.05% $10k - $500k
0.10%*$500k*$1mBusiness 1 Month CD
OTHER TIERS: 0.05% $10k - $500k

The Berkshire Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.89%$10k$1m3 Month IRA
2.53%$10k$1m6 Month IRA
2.53%$10k$1m9 Month IRA
2.53%$10k$1m12 Month IRA
1.26%$10k$1m18 Month IRA
1.26%$10k$1m24 Month IRA
1.01%$10k$1m36 Month IRA
0.10%*$500k*$1m1 Month IRA
OTHER TIERS: 0.05% $10k - $500k
Locations


Cities: Brooklyn, Goshen, Harriman, New York, New York City, Teaneck

Brooklyn Branches
Kings Highway Branch1421 Kings HighwayBrooklyn, NY 11229
16th Avenue Branch4917 16th AvenueBrooklyn, NY 11204

Goshen Branches
Goshen Savings Bank Branch2 South Church StreetGoshen, NY 10924
G. Arden Life Care Ret. Com. Branch214 Harriman DriveGoshen, NY 10924

Harriman Branches
Harriman Branch80 Route 17mHarriman, NY 10926

New York Branches
Washington Heights Branch210 Pinehurst AvenueNew York, NY 10033
The Berkshire Bank4 E 39th StNew York, NY 10016
5 Broadway Branch5 BroadwayNew York, NY 10004

New York City Branches
Brooklyn Branch5010 13th AvenueNew York City, NY 11219

Teaneck Branches
Teaneck Branch517 Cedar LaneTeaneck, NJ 07666

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