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March 30, 1979 - Image 17

Resource type:
Text
Publication:
The Detroit Jewish News, 1979-03-30

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

Friday, March 30, 1919 11

THE DETROIT JEWISH NEWS

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

Compare your savings account with these:

Type of
'Account

_
. Minimum
Amount

8-Year
Certificate

$1,000

6-Year
Certificate

$1,000

_ 4-Year
Certificate

$1,000

21/2-Year
Certificate

$1,000

One-Year
Certificate

$1,000

Regular
(Daily Interest)

182-Day
Money Market
Certificate

No
Minimum

$10,000

Annual
Rate

8%

.7 3 /4

%

71/2%
63 /4 %
61/2%
5 1/4%

Effective
Annual Rate

Minimum Amount
Plus Interest
At Maturity

8.24% .

$1,084.54 -

7.98%

$1,584.96

$1 346.12
7.71%
6.92% , $1,181.84
6.66%. $1,066.60
Not
_
Applicable
5 35%

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 At
Maturity*

nterest on all First Federal Savings Accounts, except182-Day Money Market Certificates, is paid and compounded quarterly.
Federal regulations require a substantial interest penalty for early withdrawal from certificate savings accounts.

*Federal regulations, effective March 15,1979, prohibit the compounding of interest earned during the term of the account.

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.

FEDERAL

First Federal
-Savings of Detroit

Detroit, Michigan 48226, Phone: 965-1400
Main Office: 1001 Woodward Avenue,
B. anch offices throughout the Detroit Metropolitan Area.

MEMBER s

FSLIC

Federal Savings t. Loan Insurance Cord

Your Savings Insured to $40,000

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