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December 31, 1976 - Image 7

Resource type:
Text
Publication:
The Detroit Jewish News, 1976-12-31

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

THE DETROIT JEWISH NEWS

Friday, December 31, 1976 7

If you're dissatisfied with
the interest your savin
account earns, now's the time
to do s mething about it

r

COMPARE YOUR SAVINGS ACCOUNT
WITH THESE:

Type of
Account

Minimum
Amount

Annual
Rate

Effective
Annual Rate

Regular
(Daily Interest)

No
Minimum

"I'

n1/4%

5.35%

One Year
Certificatet

$1,000

61/2%

6.66%

21/2-Year
Certificatet

$1,000

634%

6.92%

4 -Year
Certificatet

$ 1 1°W

71/2%

7.71%

6-Year
Certificatet

$1,000

73A%

7.98%

t Federal regulations require a substantial interest penalty for early withdrawal from certificate savings accounts.

Now that quarterly savings interest is being paid, and many certificate savings accounts
are maturing, you should take a very close look at the interest your account has earned.
If your savings account is at First Federal Savings of Detroit, interest is earned at the
highest rate any savings association or bank can pay on insured savings. If your savings
account didn't earn that much, you owe it to yourself to be dissatisfied and to do

something about it.

isr

FEDERAL

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We're First.
Put yourself in our place.
First Federal Savings of Detroit

Main Office: 1001 Woodward Avenue, Detroit, Michigan 48226. Phone: 965-1400

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Branch offices throughout the Detroit Metropolitan Area.
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