THE DETROIT JEWISH NEWS Friday, June 27, 1975 13 This is a trick question. Which is the highest savings interest in town: 51/4%, 6 1 /2%, 63 A, 71/2% or 7 3 4%? First Federal Savings Plans Type of Account Minimum Amount Annual . Rate Effective Annual Rate Regular Passbook No Minimum 51/4% 5 . 35 % $1,000 6 1/2 % 6.66% $1,000 6 3 /4% 6.92% 4-Year Passbook Certificate * $1,000 7 1 /2% 7.71% 6-Year Passbook Certificate * $1,000 7 3 /4% 7.98% One-Year Passbook Certificate * 2 / 1 rYear Passbook Certificate * , *The maturity da e for all passbook certificate savings accounts is the last day of the month during which the qualifying time period for the account expires. Federal regulations require a substantial interest penalty for early withdrawal from certificate savings accounts. INSURANCE ON SAVINGS ACCOUNTS . The answer, of course, is "all of the above". interest rate as the term of the certificate increases. And it's no trick to understand that First Federal Savings of Detroit offers all of the above and sees to it that you get the savings plan that's right for you. You could put $1,000 in any of the four certificates and earn from 6 1 /2% to 7 3 /4%, depending on the plan. For example, we offer a wide variety of short- and long-term certificate savings accounts that might be ideal if you have $1,000 or more to same and can invest it for a fixed period of time. There's our regular passbook savings account, as well. It pays daily interest. And that means you collect 5 1/4% per year from the date of deposit to the date of withdrawal. MEMBER FSLIC Fodor& Say-rop & taw Inuit xncts Corp row Soso•tgit Insured to .40000 In any case, with any of our accounts, the interest you re- ceive is the highest allowed by law, and higher than some financial institutions are allowed, by law, to pay. You see, we believe that we can only do our job right by making a savings account a truly profit- able thing for you. Which brings us to another question that's certainly no trick: Isn't that what you want? The main advantage of the regular passbook account, of course, is that you can add or withdraw money at any time without penalty. Often, people combine our regular passbook account with one or more certificate accounts. There are four dif- ferent ones at present, each offering a progressively higher litgr FEDERAL First. Putyourself in our place. First Federal Savings of Detroit Main Office: 1001 Woodward Avenue, Detroit, Michigan 48226 Phone: 965-1400 Southfield Office: 2-1621 kVcst "Isen Mile l Ci41O. Phone: 554-9050, Hours: Monday-Thursday ):50-4:(X), Friday: