THE DETROIT JEWISH NEWS
i
S
Friday, July 15, 1977 15
Avoid
rawa ains.
Ouch!
You just compared notes with your friend, George, and
found out that he ended up with $39.66 more interest during
the last quarter than you did. Even though you both have a
regular 5% paskiook savings account. Even though you both
started out with the same balance and, made identical with-
drawals and deposits at the same times. (See chart)
You.
5% Regular Passbook
Savings Account,
Quarterly Interest.
George.
National Bank of Southfield
5% Regular Passbook Savings
Account, Daily Interest.
Depoit Withdrawal Balance
Date
$3800.00
6/01/77 $3800.00
100.00
3900.00
6/15/77
75.00
3975.00
6/27/77
1625.00
$2350.00
7/06/77
3825.00
7/18/.77 2200.00
3875.00
50.00
7/28/77
75.00
3950.00
8/05/77
4100.00
150.00
8/15/77
3700.00
400.00
8/27/77
4100.00
8/29/77 3700.00
4105.04
9/01/77
$5.04 (Int.)
Interest Earned 6/01/77 to 9/01/77 $5.04
Date
Deposit Withdrawal Balance
$3800.00
6/01/77 $3800.00
3900.00
6/15/77
100.00
3975.00
6/27/77
75.00
$2350.00
1625.00
7/06/77
3825.00
7/18/77 2200.00
3875.00
7/28/77
50.00
3950.00
8/05/77
75.00
4100.00
150.00
8/15/77
400.00
3700.00
8/27/77
4100.00
8/29/77 3700.00
-
4144.70
44.70 (Int.)
9/01/77
Interest Earned 6/01/77 to 9/01/77$44.70
How come? George's account is at National Bank of
Southfield. Yours isn't. National Bank of Southfield pays DAILY
INTEREST Yours pays quarterly interest. (You'd be surprised
how many banks do that.) Were you. penalized for some of
those withdrawals? George wasn't. But you can avoid those
withdrawal pains. Let one of our savings specialists show you
how. (NBS has other savings plans that pay you even more
interest, depending on length of deposit) You see, we're here
to help. And making .saving less painful for you is our pleasure.
If you live or work around Southfield
you're worth more at our bank.--
Vaa SOUTHFIELD
Subsidiary of Manufacturer's National Corporation.
Member Federal Deposit Insurance Corporation