Bank_Of_Clarkson

Bank of Clarkson

Personal Banking

Bank where you live with Bank of Clarkson. We offer all the checking and savings accounts of “big banks” without the unnecessary hassle. Bank wherever and whenever you’d like thanks to our online services, and speak with your neighbors over the phone or in person at either of our two branch locations.

To read more, select an account type below.

Checking Accounts

Our Better than Free Checking account is your perfect everyday checking account, complete with all the functionalities of online banking, mobile banking, debit cards and is non-interest bearing. This is a great, basic checking account to suit your everyday needs.

  • $50.00 minimum to open.
  • No monthly service charge.
  • No required minimum balance.

Our Now Account is an interest-bearing account that is perfect for customers who maintain an average daily balance over $750.00. The Now Account provides customers with all of the conveniences of debit cards, online banking and mobile banking.

  • $750.00 minimum to open.
  • A service charge of $5.00 each month if the balance drops below $750.00 any day of the month.
  • You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.

The premier checking product at Bank of Clarkson, our VIP checking account offers all of our customers a sense of ease. This account has both personal and family plans which provides accidental death insurance as well as other perks. These customers also get the benefit of online banking, mobile banking and debit cards.

  • $50.00 minimum to open.
  • Monthly service charge for Basic Plans – $6.00
  • Monthly service charge for Personal Plans – $7.00
  • Monthly service charge for Family Plans – $8.00
  • Free VIP checks.
  • For more information about the insurance coverage provided for the VIP Insurance, please contact the branch.

Other Accounts

Our Money Market Account offers you the ability to earn interest on your cash. Earn a better interest rate on your savings with easy access to your funds. 

  • $1,500.00 minimum to open.
  • A service charge of $5.00 each month if the balance drops below $1,500.00 any day of the month.
  • Minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
  • Debit cards or ATM cards will not be issued for this account.

No matter your age, the Statement Savings Account is your perfect savings account. Saving for that car or a vacation sometime in the future? The Statement Savings Account provides you interest with minimal fees.

  • $25.00 minimum to open
  • A service charge of $1.00 each month if the balance drops below $25.00 any day of the month.
  • Two free withdrawals per month. Each additional withdrawal is $1.00 per withdrawal.

The Bank of Clarkson Money Management Account is the perfect compliment to your NOW or Free Checking Account. This premium interest rate account allows for your funds to grow, while maintaining the flexibility of your other accounts.

  • $5,000.00 minimum to open
  • There is no service charge, however, you must maintain a minimum daily balance of $5,000.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
  • To qualify, you must have an existing Bank of Clarkson personal checking or NOW account. Not available for brokered or public funds deposits.
  • Personal checks will not be made available for this account. Also, debit cards or ATM cards will not be issued for this account.

Contributing to an Individual Retirement Account (IRA) is the perfect way to save for your retirement. Contributions may be made to a Traditional IRA or a Roth IRA. Each plan offers favorable tax treatment. 

A Traditional IRA contribution provides tax deferred savings for its participants the year that the contribution is made, whereas the Roth IRA plan offers the tax savings at the time of distributions. 

IRA contributions are placed into 12-month IRA Certificates of Deposits. Contribution limits are set by the IRS and may change yearly. Contact any of our IRA specialists for further information pertaining to our IRAs. (Consult with your tax advisor for eligibility.)

  • 12 Month term.
  • Fixed interest rate on daily balance until maturity.
  • Interest is accrued daily and compounded quarterly.
  • Contribution deposits may be made throughout the year. (Cannot exceed the IRS allowances.)

A Certificate of Deposit (CD) is a safe and secure way to invest your money. Your return will be your original deposit, plus the interest you earn. The interest paid to you depends upon the current interest rate and the length of time you choose to leave your money on deposit. 

  • $500.00 minimum to open.
  • Maturity terms available from 91 days to 48 months.
  • Fixed interest rate on daily balance until maturity.
  • Terms less than nine months, interest is accrued daily and compounded at maturity.
  • Terms of nine months or greater, interest is accrued daily and compounded quarterly.
  • Online Banking access to your certificate of deposits.
  • Ability to combine your certificate of deposit to your monthly checking account statement.

Finally, the perfect account to help Santa with all of his shopping. Our Christmas Club account helps save money throughout the year, so you can really enjoy the holidays. You are able to set up accounts that will help you save $5, $10 or $20 weekly. If you make your deposit weekly, Bank of Clarkson will deposit an extra payment for you just in time for the holidays.

CHRISTMAS CLUB 5

MINIMUM BALANCE REQUIREMENTS: You must deposit $5.00 to open this account.

BONUSES: You will be paid $5.00 as a bonus, plus the balance, between Oct. 16 and Nov. 1, each year. To earn the bonus, weekly deposits should be made. The account must have at least $245.00 at the time the bonus is paid in order to qualify for the bonus.

CHRISTMAS CLUB 10

MINIMUM BALANCE REQUIREMENTS: You must deposit $10.00 to open this account.

BONUSES: You will be paid $10.00 as a bonus, plus the balance, between Oct. 16 and Nov. 1, each year. To earn the bonus, weekly deposits should be made. The account must have at least $490.00 at the time the bonus is paid in order to qualify for the bonus.

CHRISTMAS CLUB 20

MINIMUM BALANCE REQUIREMENTS: You must deposit $20.00 to open this account.

BONUSES: You will be paid $20.00 as a bonus, plus the balance, between Oct. 16 and Nov. 1, each year. To earn the bonus, weekly deposits should be made. The account must have at least $980.00 at the time the bonus is paid in order to qualify for the bonus.

ADDITIONAL INFORMATION REGARDING YOUR ACCOUNT.

  • New accounts may be opened Nov. 1 through March 31 of each year.
  • You may not make withdrawals from your account. In order to make a withdrawal from this account, the account must be closed.
  • Accounts may be set up on Automatic Funds Transfer (AFT) from an account with this bank.
  • If deposits are made by AFT, transfers will continue to be made until cancelled by you.
  • If you close the account you will not earn the bonus.
  • This account does not earn interest and does not have an Annual Percentage Yield (APY).
  • No monthly service charge.

Banking Services

To download the mobile app, visit:

app

googleplay

With mobile banking, you have the convenience of viewing account balances and transaction history, transferring funds, and locating nearby branches or ATMs. You can also deposit checks and pay bills on the go! Whether you want to download the app, use our mobile web browser, or simply receive text notifications, we have a mobile banking product that fits your needs. Our new enhanced mobile banking product is fully integrated with our online banking product and uses one convenient set of credentials to log in to either service.
How to sign-up for eStatements:

To set up your account(s) to receive paperless statements, just follow these easy steps below:

  1. LOG IN to your online banking. If you have not already signed up for online banking, please contact your local branch.
  2. Select an Account
  3. Select Documents
  4. Click Sign Up/Changes
  5. Select accounts that you would like to Enroll.
  6. Click Save
  7. Read the disclosure and then check “I agree.”
  8. You will receive an Enrollment Confirmation email.
        It’s that easy!

If you should have any questions or problems during this process, please call one of our branches and we will be happy to assist you.

What are the benefits of using eStatements?
Safety & Security:
  • By going “paperless,” no one can intercept your mail to steal your account information by digging through your trash or recycling bin.
  • Our online banking process is designed with multiple layers of security with passwords and security questions.
Stay Organized:
  • Access all of your checking and savings account(s) statements in one place.
  • Statements will be sent in PDF format so you can download, print and save them at your convenience.
Less Clutter:
  • Eliminate one more piece of mail coming to your home.
  • Ditch the pile “to be filed” and start saving your statements on your home PC.

Each Bank of Clarkson Personal Banking account comes with free monthly statements, online banking, mobile banking, eStatements, bill pay and telephone banking. 

Bank of Clarkson is proud to offer several products and services to our customers. Some of these services come with various fees. Please be sure to review this Consumer Account Fee Schedule.

CUSTOMER ACCOUNT FEE SCHEDULE

Online Banking & Bill Pay – Online Banking allows you to view the balance and print recent activity from each of your accounts. Bill Pay is offered, free of charge with all of our Personal Online Banking accounts. Bill Payment allows you to make payments to other businesses, merchants, professionals, and individual payees.

Zelle®Zelle® allows you to send and receive money fast through your online banking or mobile banking app. More info on Zelle.

Credit Cards – Ask us about our Bank of Clarkson Visa credit card. This card can be used anywhere displaying the Visa logo. Credit card applications are available on request. See a Bank of Clarkson customer service representative for an application, fees and interest rate.

Open an account with us.

We invite you to live local, shop local, and bank local with Bank of Clarkson.

We listen, then we lend.

Mortgage

Buying or refinancing? We help make it an easy transition.

Construction

Flexible and convenient financing for all of your construction needs.

Bridge

A stress-free way to purchase a new home and sell an old one.

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