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January 06, 1978 - Image 15

Resource type:
Text
Publication:
The Detroit Jewish News, 1978-01-06

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

THE DETROIT JEWISH NEWS

r.

Friday, January 6, 1978 15

If you're dissatisfied
with the in
your savings account earns,
novas the time to
do something about it.

Compare your savings account with these:

"t1LLO

Jusr &OrMY

SAVING-S ACCDUNr INTE5Sr-
FIZ0MYoug. "AND IF
MS Is 121614- 76"omer-t1NG-ts
6-or TO fir WRONG;

Type of
Account

Minimum
Amount

Annual
Rate*

Effective
Annual Rate

Regular
(Daily Interest)

No

Minimum

51/4
%
"

5.35 O/0

One-Year _
Certificatet

$1,000

6 1/2%
6.66%

2 1/2-Year
Certificatet

$1,000

63/4 %

6.92 %

,

4-Year
Certificate--

$1,000

7 1/2%

7.71%

6-Year
Certificatet

'$1,000

73/4%

7.98%

tFederal regulations require a substantial interest penalty for early withdrawal from certificate savings accounts.
*Interest on all First Federal Savings accounts is paid and compounded quarterly.

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.
Savings. accounts at First Federal Savings of Detroit
earn the highest interest rate any savings association or bank
can pay on insured savings. If your savings account doesn't
earn that much, you owe it to yourself to be dissatisfied
and to do something about it.

MI MIER

FSLIC

Your Sowuqs Inwood la MO 000

First Federal Savings of Detroit

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

Branch offices throughout Metropolitan Detroit and Southeastern Michigan, and in Grand Rapids.

FEDERAL

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