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September 13, 1968 - Image 6

Resource type:
The Detroit Jewish News, 1968-09-13

Disclaimer: Computer generated plain text may have errors. Read more about this.

6—Friday, September 13, 1968




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For the first time, you can get short-term flexibility in pass-
book form, plus the long-term advantages of guaranteed
high-return on your money all in the same package.
Passbook flexibility
You can make deposits at any time, in any amount of $50 or
more. You can withdraw quarterly, without notice, any amount
that has been on deposit 90 days or more. And you always
have a handy passbook record of your savings.
Highest earnings
Bank of the Commonwealth guarantees to compound 5%
interest continuously to give_you the highest possible earnings
on bank savings programs in Detroit.
Four-year guarantee means over 5 1 /2% for you
Bank of the Commonwealth guarantees 5% for a full 48
months which will earn you more than 5 1/2% return.
Choice of three Interest Payment Plans
You may elect to have your earned interest credited to your
account, and continue to earn even more. Or, we will credit the
interest to another Commonwealth account. Some may want
to receive an interest check each quarter.
Money readily available
During the first ten days of any quarter, you can withdraw
without notice any amount of your savings that have been on
deposit 90 days or more. Or if you need money between
quarters, you can get it with just 90 days' written notice.



And you can withdraw your most recently credited interest
at any time.
Low initial deposit
All it takes is a $500 deposit to start your Golden Passbook
You can add as little as $50 to your Golden Passbook ac-
count at any time.
And to make adding even easier, you can start a systematic
savings plan. We can transfer $50 or more every month from
your checking account—automatically.
Free checking, too
Once you're enrolled in Golden Passbook, you qualify for a free
checking account. Check Free and Earn.
That means you can write all the checks you want, make
deposits and get a detailed monthly statement, all free.
There's more
Your Golden Passbook is what we call "assignable." That
means you can always use it as collateral for a loan at any
Commonwealth office.
And, of course, Bank of the Commonwealth issues you an
annual statement for tax purposes.
To open your Golden Passbook account, just bring your pass-
book or other funds from any financial institution into your
nearest branch office. We'll make the necessary transfers
in minutes.


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Seven Mile-James Couzens

Grand River-Fenton

Livorno's-Santa Marls

8 Mile—Huntington

Grand River-Outer Drive

Southfield-t3 Mlle

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