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January 05, 1979 - Image 17

Resource type:
Text
Publication:
The Detroit Jewish News, 1979-01-05

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

THE DETROIT JEWISH NEWS

Friday, January 5, 1979 17

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

Compare your savings account with these:

Minimum
Amount

.. Type of
Account-

8-Year
Certificate



.

$1,000

6-Year
Certificate

One-Year
Certificate .

-

Six-Month
Investment .
Certificate

-

- 8.24°A

-

How and
When Paid

Paid and cornpounded
quarterly.

Z71 0 /0.

Paid and compounded
quarterly.

$1,000

6%0 /0

6 -.920 /0

Paid and compounded
quarterly.
..

-$1,000

' . 61/2 0/0

6.66°/0

P id and compounded
quarterly.

m 'Imo/
,a.„,.., Al .

Paid and compounded
quarterly.
.
Compounded
continuously.* -
'Paid at maturity.

No

.



71/2 0 /0

'

Regular
(Daily Interest)

13%

Effective
Annual Rate

7.98°/0

$1,000
.

21/2-Year
Certificate

Annual
Rate

73/40 /0

$1,000

4-Year
Certificate

-

Minimum

$10,000

51/4%

The-interest rate for this account is
determined on the date the account is
opened. Call any branch office or our hot
line, (313) 965-2020, for the current rate.

Paid and compounded
quarterly.

.

a

.

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

*Applies only to initial and renewal periods of Six-Month Investment Certificates beginning on or after December 21, 1978.

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 annual, 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.

Fsuc.
First Federal
Savings of Detroit

MEMBER

Federal Savngs & Loan insurance Corp

FEDERAL

Your Savings Indured to $40,000

Main Office: 1001 Woodward Avenue,

Detroit, Michigan 48226, Phone: 965-1400

Branch offices throughout the Detroit Metropolitan Area.

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