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July 20, 1973 - Image 9

Resource type:
Text
Publication:
The Detroit Jewish News, 1973-07-20

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

THE DETROIT JEWISH NEWS

Friday, July 20, 1973.

Standard Federal Savings

now offers

NEW. HIGHEll IMERESI RATES
on savings accounts!

REGULAR
PASSBOOK SAVINGS
ACCOUNTS WITH
DAILY INTEREST

Day in . . . Day out . . . Any day . . . Every day .. .
Standard Federal pays 5'/4% daily interest on regular,
insured passbook savings accounts from the date of
deposit to date of withdrawal. Nobody pays a higher
rate of interest on insured regular passbook savings
accounts than we do.

To qualify for this 6 1/2% one-year certificate savings
account, you simply keep $1,000 or more on deposit
for one year in this special certificate. Interest is paid and
compounded quarterly to yield 6.66% annually. You
can withdraw your money at any time with no advance
notice, however, the withdrawn funds will lose 90
days' interest and, also, the interest on the withdrawn
funds will be re-calculated from the original term of the
certificate at the then current regular passbook
interest rate. The amount left on deposit, provided it is
$1,000 or more, will continue to earn the 6 1A% rate.*

ONE-YEAR
CERTIFICATE
SAVINGS
ACCOUNTS

$1,000 MINIMUM

A four-year certificate savings account may be opened
at any time with $5,000 or more ... no special "even"
figure is needed. Interest is paid and compounded
quarterly to yield 7.19% annually. You can withdraw
your money at any time, however, in accordance with
federal regulations the withdrawn funds will lose
90 days' interest and, also, the interest on the withdrawn
funds will be re-calculated from the original term
of the certificate at the then current regular passbook
interest rate. The amount left on deposit, provided it is
$5,000 or more, will continue at the 7% rate.*

FOUR-YEAR
CERTIFICATE
SAVINGS
ACCOUNTS

CHECK-A-MONTH
FOUR-YEAR
CERTIFICATE
SAVINGS ACCOUNTS

$5,000 MINIMUM

per
year

You can open a Check-A-Month four-year 7%
certificate savings account with $5,000 or more and
have your interest mailed to you monthly. For example,
if you deposit $20,000 you will receive a check for
$116.67 each and every month. Withdrawals are
permitted without advance notice, however, the penalty
on withdrawn funds is the same as exists on the four-
year 7% certificate savings account.'

$5,000 MINIMUM

* The penalties charged on withdrawn funds are set by federal regulations and are the same for ALL financial institutions.

North

2401 West Big Beaver Road, Troy
1500 North Woodward, Birmingham
99 West Maple, Birmingham
3700 West Maple, Bloomfield Twp.
825 West Long Lake, Bloomfield Hills
25950 Middlebelt, Farmington
1406 North Woodward, Royal Oak
29405 Greenfield, Southfield
25123 Southfield, Southfield
940 East Long Lake Road, Troy
2699 West Big Beaver Read, Troy

West

17540 Grand River near Southfield
25712 Grand River near Beech Road

STAN
DAR D
FEDERAL SAVINGS

People
helping
people

14221 Greenfield near Grand River
10641 Joy Road at Manor
24224 Joy Road near Telegraph
16841 Schaefer Road near McNichols
17230 Farmington Road, Livonia

East

14628 East Jefferson at Manistique
16530 East Warren near Outer Drive
11511 Kelly Road at Whittier
25501 Harper, St. Clair Shores
30700 Schoenherr, Warren
3900 Fourteen Mile Road, Warren

Downtown Detroit

405 Griswold at Jefferson

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