The Berkshire Bank

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.berkbank.com

212-802-1000

4 East 39th Street
New York, NY 10016

The Berkshire Bank is headquartered in NEW YORK and is the 69^th largest bank in the state of New York. It is also the 1,609^th 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+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	27503
Year Established	1989
Employees	86
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.61%
Return on Equity - YTD	2.75%
Annual Interest Income	$6.9MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$585.3MM$603.2MM
Loans	Q1 2025vs Q1 2024	$179.6MM$234.6MM
Deposits	Q1 2025vs Q1 2024	$448MM$472MM
Equity Capital	Q1 2025vs Q1 2024	$130.7MM$125.2MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$9.2MM$8.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$10.8MM$1,000
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
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^*	$4m	Blue 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

APY	MIN	MAX	ACCOUNT NAME
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^*	$1m	Money Market Checking
OTHER TIERS: 0.10% → $2.5k+ \| 0.15% → $25k - $100k

The Berkshire Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
2.89%	$10k	$1m	3 Month CD
2.89%	$10k	$1m	Business 3 Month CD
2.53%	$10k	$1m	6 Month CD
2.53%	$10k	$1m	9 Month CD
2.53%	$10k	$1m	12 Month CD
2.53%	$10k	$1m	Business 6 Month CD
2.53%	$10k	$1m	Business 9 Month CD
2.53%	$10k	$1m	Business 12 Month CD
1.26%	$10k	$1m	18 Month CD
1.26%	$10k	$1m	24 Month CD
1.26%	$10k	$1m	Business 18 Month CD
1.26%	$10k	$1m	Business 24 Month CD
1.01%	$10k	$1m	36 Month CD
1.01%	$10k	$1m	Business 36 Month CD
0.10%^*	$500k^*	$1m	1 Month CD
OTHER TIERS: 0.05% → $10k - $500k
0.10%^*	$500k^*	$1m	Business 1 Month CD
OTHER TIERS: 0.05% → $10k - $500k

The Berkshire Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.89%	$10k	$1m	3 Month IRA
2.53%	$10k	$1m	6 Month IRA
2.53%	$10k	$1m	9 Month IRA
2.53%	$10k	$1m	12 Month IRA
1.26%	$10k	$1m	18 Month IRA
1.26%	$10k	$1m	24 Month IRA
1.01%	$10k	$1m	36 Month IRA
0.10%^*	$500k^*	$1m	1 Month IRA
OTHER TIERS: 0.05% → $10k - $500k

Locations

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

Brooklyn Branches
Kings Highway Branch	1421 Kings Highway	Brooklyn, NY 11229
16th Avenue Branch	4917 16th Avenue	Brooklyn, NY 11204

Goshen Branches
Goshen Savings Bank Branch	2 South Church Street	Goshen, NY 10924
G. Arden Life Care Ret. Com. Branch	214 Harriman Drive	Goshen, NY 10924

Harriman Branches
Harriman Branch	80 Route 17m	Harriman, NY 10926

New York Branches
Washington Heights Branch	210 Pinehurst Avenue	New York, NY 10033
The Berkshire Bank	4 E 39th St	New York, NY 10016
5 Broadway Branch	5 Broadway	New York, NY 10004

New York City Branches
Brooklyn Branch	5010 13th Avenue	New York City, NY 11219

Teaneck Branches
Teaneck Branch	517 Cedar Lane	Teaneck, NJ 07666

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