Institution for Savings in Newburyport and its Vicinity

Program	Points	Interest Rate	Annual Percentage Rate	Unit Cost ¹	Adjusted Unit Cost ²
30 Year Fixed	2 1 0				N/A
15 Year Fixed	2 1 0				N/A
10 Year Fixed	2 1 0				N/A

AFFORDABLE HOUSING & FIRST TIME BUYER PROGRAM *

Program	Points	Interest Rate	Annual Percentage Rate	Unit Cost ¹	Adjusted Unit Cost ²
7 to 1 ARM 2/6 Caps	0

Maximum Income Affordable Housing Program: $64,600 First time Home buyer Program $80,800

Program	Points	Interest Rate	Annual Percentage Rate	Unit Cost ¹	Adjusted Unit Cost ²
3 to 1 ARM 2/6 Caps**	2 1 0
5 to 1 ARM 2/6 Caps	2 1 0
7 to 1 ARM 2/6 Caps	2 1 0

5% Minimum downpayment for all programs. (Some property types require 10% minimum.) All rates and programs are subject to change without notice. Single family 15, 20, and 30 year fixed rates have maximum loan amount of $359,650.00 ARMs and 10 year fixed are portfolio programs with no maximum loan amount. Annual Percentage Rates (APR) are based on $100,000 with a 20% downpayment. APR's assume first of month closing and no PMI. *APR's are based on index values as of August 23, 2005. Rate is subject to change after consummation. **The Caps are the maximum interest rate changes for each adjustment and for the life of the loan. ¹ Unit cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated. ² The Adjusted Unit Cost is the payment that would be in effect, on a loan of 360 months, after the initial discounted term based on the current index plus margin.

Loan Type	Interest Rate	Annual Percentage Rate (APR)	Unit Cost ¹	Adjusted Unit Cost²
5 Year Fixed Rate				N/A
10 Year Fixed Rate				N/A
15 Year Fixed Rate				N/A
Equity Credit Line² *Minimum loan $25,000* Fixed through June 30, 2006 then adjusts to Wall Street Jounal Prime minus .50% for remaining life of loan.
Equity Credit Line² Less than $25,000 Wall Street Jounal Prime +1.00% Life of Loan

All Rates are subject to change without notice.
¹Unit Cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated.
²MAXIMUM ANNUAL PERCENTAGE RATE that can apply is 18.00%. Closing costs range from $0-$752.

Closing costs of $352- $752 are waived for new or refinanced Equity Credit Lines of at least $25,000 (or $25,000 in new funds) and with an initial disbursement of $25,000 (or $25,000 in new funds) which remain outstanding for at least 6 months, less regularly scheduled principal reductions. Otherwise, the closing costs that were incurred on your loan will be paid via a debit to your Equity Credit Line. Loans less than $25,000, or no first mortgage, subject to closing costs.

Contact Anna L. Makos, Jeffrey S. Manning, Peter B. Matthews or Ellin M. McSweeney at (978) 462-2344 or contact us.

Loan Type	Interest Rate	Annual Percentage Rate	Unit Cost¹
New Auto Loan Up to 60 Months 2006-2005 with maximum 7,500 miles
Used Auto Up to 48 months 2001-2005
Home Improvement Loan Up to 96 Months
Passbook Regular Savings Certificate of Deposit	Savings Rate + 1.50% CD Rate + 2.00%	N/A	N/A
Stock Secured	WSJ Prime (6.50%) + 2.50%=9.00%	7.75%	N/A
Personal Unsecured Loan Up to 36 Months
Line of Credit (Unsecured)
Overdraft Protection On No-Fee Checking/NOW Accounts

* Rates are subject to change without notice.
¹Unit Cost represents the monthly payment based on a $1,000 loan for the maximum term of the loan at the rate indicated.

Our primary lending area.

Contact Anna L. Makos, Jeffrey S. Manning, Peter B. Matthews or Ellin M. McSweeney at (978) 462-2344 or contact us.
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Term Deposit Certificates

Term In Months	Interest Rate	Annual Percentage Yield (APY)	Minimum Balance To Open	Minimum Balance To Earn APY
3-5 Month
6-11 Month
12-14 Month
15-17 Month
18-23 Month
24-29 Month
30-35 Month
36-47 Month
48-59 Month
60 Month

Term Deposit rates and Annual Percentage Yields are fixed for the duration of the term.

Term In Months	Interest Rate	Annual Percentage Yield (APY)	Minimum Balance To Open	Minimum Balance To Earn APY
24 Month VarySmart

*Interest rate indexed to Federal Funds Target Rate plus 0.25%. Federal Funds Target Rate is published in the Money Rates section of the Wall Street Journal. Interest Rate guaranteed not to drop below start rate.

Penalties apply to early withdrawals of principal from fixed and variable rate Term Deposit Certificates. Interest posted during the current term may be withdrawn without penalty.

Account	Interest Rate	Annual Percentage Yield (APY)	Minimum Balance To Open	Minimum Balance To Earn APY
Balances under $50,000
Balances $50,000 - $99,999.99
Balances $100,000 and above

The above rates are variable rates, which means that the rate of interest and Annual Percentage Yield may change after the account is opened. Fees could reduce earnings on accounts. You may select the type of savings account that best suits your needs. You can choose from either a passbook savings or a statement savings account. With the latter, you receive a monthly statement and can access your account with your ATM.

Account	Interest Rate	Annual Percentage Yield (APY)	Minimum Balance To Open	Minimum Balance To Earn APY
NOW Checking

The above rates are variable rates, which means that the rate of interest and Annual Percentage Yield may change after the account is opened. Fees could reduce earnings on NOW accounts. NOW Checking, No-Fee Checking and Non-Interest Checking accounts are available for Electronic Funds Transfer.

Money Market Accounts	Interest Rate	Annual Percentage Yield (APY)	Minimum Balance To Open	Minimum Balance To Earn APY
Balances under $1000
Balances $1000-$49,999.99
Balances $50,000-$99,999.99
Balances $100,000 and above

The above rates are variable rates, which means that the rate of interest and Annual Percentage Yield may change after the account is opened. Fees could reduce earnings on accounts. The above accounts as well as the NOW Checking, No-Fee Checking and Non-Interest Checking accounts are available for Electronic Funds Transfer.