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June 02, 1978 - Image 23

Resource type:
Text
Publication:
The Detroit Jewish News, 1978-06-02

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

11E MIT 1111121 ME

Friday, Jan 2, 1171 23

NEW
INTRODUCING INVESTMENT
CERTIFICATES

EIGHT-YEAR/EIGHT PER CENT
INVESTMENT CERTIFICATE

This new Metropolitan certificate pays the highest rate available on insured savings.
For a minimum deposit of $1,000, with an eight-year maturity, you'll earn 8%
annually. Paid and compounded quarterly, this means an effective annual yield of
8.24%. A good way to save for those long-term goals.

SIX-MONTH
MONEY MARKET CERTIFICATE

The short-term certificate is the newest way to increase the return on your savings.
For a minimum deposit of $10,000, you'll be issued a six-month certificate with a
fixed interest rate. The maximum interest rate is 1/4% above the average yield on
six-month Treasury bills, based on the most recent weekly auction. It's an excellent
way to gain maximum earnings on your short-term funds.
Metropolitan's new 8% certificate. with a three-year maturity, is offered on Keogh
Accounts and Individual Retirement Accounts. Additional certificate plans with
shorter maturities and paying maximum interest rates are available.

F ederal regulations require a substantial interest penalta, on funds withdrawn from cert . ate accounts

before the maturit.ri date is reached.

A4

Helping You Build A Brighter Tomorrow

METROPOLITAN SAVINGS

Open All Day Saturdays

(Except Downtown Detroit) Member FSLIC

Central Phone 851-5300. Northwestern-Middle Belt/ Van Dyke-23 Mile/Southfield-14 Mile/Tel-Twelve
Mall/Greenfield-9 Mile/Van Dyke-Hall Road/Coolidge-Sherwood/Rochester Road-Auburn/West
Warren-Hartwell/7 Mile-Evergreen/Cadillac Square

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