Non-Interest Bearing (NIBA)

	$100.00 minimum balance to open account
	$300.00 minimum daily balance required to avoid normal monthly service charges.
	$5.00 service charge per statement cycle if daily balance falls below $300.00
	.20 per check for checks drawn in excess of 15 when balance falls below $300.00
	Normal monthly service charges will be waived when a direct deposit is arranged through this account.
	Normal monthly service charges will be waived for customers under 19 and 65 and over.

NOW Account

	$100.00 minimum balance to open account
	$1000.00 minimum daily balance required to avoid normal monthly service charges.
	$5.00 service charge per statement cycle if daily balance falls below $1000.00
	.20 per check for checks drawn in excess of 15 when balance falls below $1000.00
	Normal monthly service charges will be waived when a direct deposit is arranged through this account.
	Normal monthly service charges will be waived for customers under 19 and 65 and over.
	Interest Rates are determined by market conditions and are reviewed on a weekly basis.
	Interest is credited and compounded monthly.

Check out our RATES!

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Basic Checking

	$10.00 minimum balance to open account
	$3.00 service charge for checks drawn in excess of 8 per statement cycle.
	$1.00 per check for checks drawn in excess of 8.
	Normal monthly service charges will be waived for customers under 19 and 65 and over.

Commercial Checking

	$100.00 minimum balance to open account
	$7.50 service charge per statement cycle
	20 free deposits per statement cycle; .65 for each deposit thereafter
	100 free bulk items per statement cycle; .10 for every additional deposited check.
	40 free check paid per statement cycle; .25 for each additional check paid.
	Credit of .35 per $100 of the average collected balance during the statement cycle. Any credit in excess of service charge cannot be credited to the account. No credit if average collected balance is below $1,500.00 for statement cycle.

*Debit and ATM Cards are available with all of our Checking Accounts.

        *Subject to underwriting standards

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  Benefits Plus+ & Generations Gold

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As a Benefits Plus+ member, you and your family are eligible to participate in the most exciting value club program in the country. Benefits Plus+ offers you a whole new way to save on banking services and so much more!

Look at the savings

	Only $100.00 Deposit to Open
	First Order of Checks Free
	Free Travelers Checks and Money Orders
	Free Notary Service
	Free Foreign ATM Transactions*
	Free 24 Hour Bank by Phone & Internet Banking
	Free Point of Sale Transactions
	Discounts on Auto and Homeowners Insurance**
	Discounts at all Benefits Plus+/Generations Gold Business Partners
	Generations Gold

*Ask for details.

**The Pittsfield Cooperative Bank is not offering to sell insurance or soliciting anyone to buy insurance. This insurance offer can be made only by participating Berkshire County independent insurance agents representing Commercial Union Insurance Companies.

 

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  Deposit Products- Savings Accounts

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Passbook Savings

	$100.00 minimum balance to open account
	No monthly service charge
	Interest Rates are determined by market conditions and are reviewed on a weekly basis.
	Interest is credited monthly and compounded continuously.

Check out our RATES!

Statement Savings

	$100.00 minimum balance to open account
	No monthly service charge
	Interest Rates are determined by market conditions and are reviewed on a weekly basis.
	ATM card available
	Interest is credited monthly and compounded continuously.

Check out our RATES!

Children’s Savings

	$5.00 minimum balance to open account
	No monthly service charge
	Interest Rates are determined by market conditions and are reviewed on a weekly basis.
	Interest is credited monthly and compounded continuously.
	Available for Co-op customers under age 19.

Check out our RATES!

Basic Savings

	$10.00 minimum balance to open account
	No monthly service charge
	Interest Rates are determined by market conditions and are reviewed on a weekly basis.
	Interest is credited monthly and compounded continuously.

Check out our RATES!

Health Savings Account

	$100.00 minimum balance to open account
	Unlimited check writing privileges.
	Supplement your High Deductible Health Plan.
	Offers a Tax Deduction for your contributions and Tax-Free earnings. Please consult your tax advisor.
	No monthly service charges.
	Account availability & contribution restrictions apply.*
	Interest Rates are determined by market conditions and are reviewed on a weekly basis.
	Interest is credited and compounded monthly.

Check out our RATES!

*Ask for details.

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  Deposit Products- CD’s & IRA’s

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Certificates of Deposit- CD’s

	$500.00 minimum balance to open account
	$500.00 minimum balance to receive APY
	Interest rates are reviewed on a weekly basis
	No service charge

Check out our RATES!

Simple interest will compound monthly on any certificate less than 1 year in length. Interest will compound continuously on certificate of 1 year or over in length. Interest will be credited to the account monthly on all certificates.

Accounts closed before interest is credited will not receive accrued interest.

Interest begins to accrue on the first business day after the banking day checks are deposited.

Transaction Limitations: Additional deposits are allowed only at maturity. Withdrawals of principal not allowed without penalty. Withdrawals of interest allowed after it is credited.

Early Withdrawal Penalties:
Maturity of 1 year or less: 3 months interest on amount withdrawn.
Maturity of 1 year or more: 6 months interest on amount withdrawn.

Individual Retirement Accounts – IRA’s

	$500.00 minimum balance to open account
	$500.00 minimum balance to receive APY
	Interest rates are reviewed on a weekly basis
	Interest is credited monthly and compounded continuously.
	No service charge

Check out our RATES!

Traditional IRA

Eligibility: Under age 70 ½ with earned income

Maximum Investment: Depends on the contribution taxable year and your age or 100% of earned income whichever is less. *

Spousal Investment: Depends on the contribution taxable year and your age or 100% of earned income whichever is less. *

Tax Deductible: This depends on income, filing status and whether the investment is covered by a retirement plan. Please consult your tax advisor.

Tax Deferred: All earnings are deferred until withdrawal.

Withdrawal of funds: Withdrawal of funds before age 59 ½ maybe subject to 10% IRS penalty. Withdrawal must start by April 1 following the year in which you reach age 70 ½. Amounts withdrawn become part of taxable income for year withdrawn.

Certificate of Deposit stipulations may also apply.

* Please contact one of our customer service representatives for contribution limits.

Roth IRA

Eligibility: No age limit with earned income. Contribution is controlled by total income.

Maximum Investment: Depends on the contribution taxable year and your age or 100% of earned income whichever is less. *

Tax Deductible: No, but all earnings are non-taxable if the account remains open for 5 years.

Withdrawal of funds: Withdrawal of funds before age 59 ½ maybe subject to 10% IRS penalty and the earnings portion of the withdrawal maybe taxable.

Certificate of Deposit stipulations may also apply.

* Please contact one of our customer service representatives for contribution limits.

Coverdell ESA (Education IRA)

Eligibility: Generally for Children age 17 or under. Funds for payment of “Qualified Higher Education Expenses”.

Maximum Investment: Up to $2,000.00 per year depending upon your annual income.

Tax Deductible: No, but all earnings are non-taxable if used for qualified expenses.

Withdrawal of Funds: Withdrawal of funds for other than qualified higher education expenses are subject to a 10% IRS penalty.

Certificate of Deposit stipulations may also apply.

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  Deposit Products- Money Market

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Money Market Deposit Account

	$100.00 minimum balance to open account
	$2,500.00 minimum daily balance required to avoid normal monthly service charges.
	$3.00 service charge per statement cycle if daily balance falls below $2,500.00
	.99 service charge per debit for each debit transaction in excess of 6 during statement cycle.
	A total of 6 withdrawals per statement cycle are allowed, including by Check (max of 3), Telephone or Internet Bank transfer or Pre-authorized payment.
	Unlimited Over-The-Counter Transactions
	Interest Rates are determined by market conditions and are reviewed on a weekly basis.
	Interest is credited and compounded monthly.

Check out our RATES!

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