• The interest rate and annual percentage yield are subject to change at management's discretion on the first day of each month.
  
• Interest begins to accrue on the business day you deposit cash or non- cash items (for example, checks).
  
• Must maintain a minimum average daily balance of $750 to obtain the disclosed APY.
  
• Interest will be compounded monthly and credited to your account the last business day of each month. If you close your account before interest is credited, you will not receive the accrued interest.
  
• We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  
• Service charges are applied only one time per month.
  
• Fees could reduce earnings.
  

Current Rates Effective as of 11/01/08

Interest Rate Annual Percentage Yield NOW Accounts 1.00% 1.00% Money Market Accounts 1.25% 1.25%

• The interest rate and annual percentage yield are subject to change at management's discretion each quarter.
  
• Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks).
  
• Must maintain a minimum daily balance of $25 to obtain the disclosed APY.
  
• Interest will be compounded quarterly and credited to your account the last business day of each quarter. If you close your account before interest is credited, you will not receive the accrued interest.
  
• We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  
• Service charges are applied only one time per month.
  
• Fees could reduce earnings.
  

• The interest rate for your account will be paid until the maturity date of your certificate.
  
• The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
  
• This account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date, to withdraw funds without being charged a penalty. If you withdraw the funds during the ten days after the maturity date, you will not receive the accrued interest since the maturity date. If the original term of your certificate was 12 months or less you would be charged an early withdrawal penalty of 3 months interest. If the original term was in excess of 12 months you would be charged an early withdrawal penalty of 6 months interest.
  
• Interest will be compounded quarterly on all certificates except the 182 day certificate on which interest will be compounded semi-annually.
  
• Interest will be credited to your account quarterly on all certificates except the 182 day certificate on which interest will be compounded semi-annually. You may receive interest by check if requested when opening the account.
  
• Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks).
  
• After the account is opened, you may not make deposits into this account until the maturity date.
  
• We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  
• Fees could reduce earnings.
  

• Traditional IRA's
  Bank of Clarkson offers IRA's for qualified individuals who wish to take advantage of minimizing their taxes now through tax-deductible contributions up to $3,000.00 per year.
  
• Roth IRA
  Bank of Clarkson offers Roth IRA's for individuals who are eligible to contribute to a Roth IRA. You do not pay taxes on your earnings provided you take the earnings as part of a qualified distribution. With a Roth IRA your contribution is not tax-deductible.
  
  
• The interest rate on your IRA is guaranteed for 12 months.
  
• The account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw funds without being charged a penalty.
  
• Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks).
  
• The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
  
• Interest will be compounded quarterly and credited to your account.
  
• If any of the deposit is withdrawn before the maturity date, a penalty of three(3) months interest will be assessed.
  
• Fees could reduce earnings.