100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

The University of Michigan Library provides access to these materials for educational and research purposes. These materials may be under copyright. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission. If you have questions about the collection, please contact the Bentley Historical Library at bentley.ref@umich.edu

November 07, 1975 - Image 13

Resource type:
Text
Publication:
The Detroit Jewish News, 1975-11-07

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

THE DETROIT JEWISH NEWS

November 7, 1975 13

DoesYour Bank Compound
Interest Continuously?
We Do!

And Here's the Dollars & Sense of It!

ANNUAL
RATE

EFFECTIVE
ANNUAL
YIELD

MINIMUM
OPENING
DEPOSIT

SAVINGS
PAID AT
MATURITY

PLUS
ESTIMATED
CHECKING
CHARGES SAVED

6 Year
Investment
Passbook
Account

7.50%

7.79%
Plus
Free
Checking

$1,000.

$1 568.31

$144.

4 Year
Investment
Passbook
Account

7.25%

7.52%
Plus
Free
Checking

$1,000.

$1,336.43

$ 96.

30 Month
Savings
Certificate

6.50%

6.72%
Plus Free
Checking

$ 500.

$ 588.22

$ 60.

12 Month
Savings
Certificate

6.00%

6.18%
Plus Free
Checking

$ 500.

$ 530.92

$ 24.

6 Month
Savings
Certificate

5.50%

5.65%
Plus Free
Checking

$ 500.

$ 513.94

$ 24.

5.00%

5.20%
Plus Free
Checking

NOT
APPLICABLE

$ 24.

TYPE OF
ACCOUNT

SUPER "5"
Passbook Account
Daily Interest
Compounded
Continuously

' = $

500.

*Subsequent Deposits a Minimum of $10.

As an EXTRA savings, all of these savings plans enable
you to have a Liberty State Bank & Trust FREE checking
account! Write as many checks and make as many deposits as
you wish — at NO CHARGE. Receive a monthly statement—NO
CHARGE. ABSOLUTELY FREE. At Liberty State Bank & Trust
you get FREE CHECKING while your savings are continually
working for you, compounding interest on top of interest at the
maximum rate allowable!
Or, if you need the extra income and can't afford to let
the interest accumulate, you CAN choose to have your interest
paid monthly, quarterly, semi-annually, annually,

or deposited to another account , dependent upon the Certificate
or Investment Passbook Account you select.
So—if your bank does not COMPOUND interest
CONTINUOUSLY your money isn't earning as much as it
should. Come into any one of our offices and bring your present
passbook or certificates from any other bank or savings and
loan. We'll make the switch for you in minutes ...the switch to
maximum interest by continuous compounding plus free check-
ing. All accounts insured by the Federal Deposit Insurance Corp.,
up to $40,000.

Federal Regulations require substantial interest penalty for -
withdrawal made prior to maturity.

There's a Liberty State Bank & Trust Office In Your Neighborhood.

Liberty State an & Trust

Member FDIC

"Full Service Saturday Banking"

West Bloomfield Township
Waterford Township
6695 Orchard Lake Rd.
4330 Highland Rd.
Banking Hours: Monday - Saturday 9:30-4:30 Friday 9:30-7:30
Other Offices: Clinton Township, Hamtramck and Sterling Heights

Except in Hamtramck

Back to Top

© 2021 Regents of the University of Michigan