THE DETROIT JEWISH NEWS
Friday, July 1 1977 7
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• -•
Our high-interest certificate
savings accounts help you earn
extra money by waiting.
Pretend it's six years from now.
You go to your desk drawer and look at the six-year certificate
savings account you opened back in 1977. Remember the,$1,000 you
took to First Federal Savings of Detroit? Well, now it's $1,584.00.
And all yoU had to do to get that additional $584.00 was wait.
Of course, if you'd rather pretend it's four years from now, or
two and a half, or even just one, we can show you plans that still will
turn your money into more than you might have thought possible.
And remember, too, that you can have certificate savings accounts
in addition to your regular savings account (which earns 5 1/4%
per year daily interest, paid and compounded quarterly). In fact,
that's how many people get the money to open a certificate
savings account. They save for it.
•
What's more, at First Federal, certificate savings accounts can
entitle you to a number of special services, many not
available anywhere else. We think you should know about these
things because we know that money is important for you.
So don't wait to find out.
We know what money is for.
Type of —r- Minimum Annual
1 Account
Amount
Rate
Effective
Annual Rate
How and
When Paid
One Year
Certificate*
$1,000
61/2 %
6.66%
Paid and compounded
quarterly.
21/2 -Year
Certificate'
$1,000
6 3/4 %
6.92%
Paid and compounded
quarterly.
4-Year
Certificate'
$1,000
7 1/2 % 7.71%
Paid and compounded
quarterly.
6-Year
Certificate•
$1,000 7 3 /4% 7.98%
Paid and compounded
quarterly.
'Federal regulations require a substantial interest penalty for early withdrawal from certificate savings
accounts.
First Federal Savings of Detroit
FEDERAL
Main Qffice: 1001 Woodward Avenue, Detroit, Michigan 48226. Phone: 965-1400
Branch offices throughout Metropolitan Detroit and Southeastern Michigan, and in Grand Rapids.
Branch offices throughout the Detroit Metropolitan Area.