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July 06, 1979 - Image 17

Resource type:
Text
Publication:
The Detroit Jewish News, 1979-07-06

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

• •
Money is title.
Save now and enjoy a timely gift.

THE DETROIT JEWISH NEWS

On top of that, we've reduced the
minimum deposit on most of our other
certificate accounts, too. Now you only
need to deposit $100 or more to open any
of our high-interest certificates (except
our popular 182-Day Money Market-
Certificate which pays an even higher
rate on deposits of $10,000 or more).

First Federal Savings of Detroit is
offering savers this great variety of
beautiful Timex gifts. Make a qualifying
deposit to a new or existing First Federal
savings account and you can take home
the Timex of your choice. Either free, or
at big savings. Choose from decorator
wall clocks, alarm clocks, 24-hour Timer,
women and men's watches. It's our way
of introducing some great new savings
account features.

And the penalty for early withdrawal
as been modified for certificate accounts
opened after July 1, 1979. On our One-
Year and our 182-Day Money Market
Certificates, the penalty is no more than
90 days' interest. On our longer term
certificates, the maximum penalty is now
180 days' interest.

We've increased our interest rate on
regular savings. To a full 51/2% per year
daily interest, paid and compounded
quarterly. One-quarter percent more
than any bank is permitted to pay on an
annual interest rate basis.

Check the gift chart, visit any First
Federal office, make your qualifying
deposit and take home your Timex gift.
Of course, our Timex offer is limited,
so open or add to a First Federal savings
account today. While money is time.

We're-offering a brand- -new Four-
Year Money Market Certificate that fea-
tures a high rate of interest never before
possible in so short a time with a deposit
of only$100 or more. The interest rate for
this account is established monthly.
However, the rate in effect when your
certificate is issued is guaranteed for the
full 4-year term.* July's rate for this ac-
count is 7.850% annual interest, corn-
pounded continuously for an effective
annual yield of 8.284%.

Minimum
Amount

Annual
Rate

Regular
(Daily Ihterest)

No
Minimum

5.50% 5.61%

One-Year
Certificate-

$100

6.50%

6.66%

21/2-Year
Certificate*

$100

6.75%

6,92%

4-Year
Certificate*

$100

7.50% 7.71%

6-Year
Certificate*

$100

7.75% 7.98%

8-Year
Certificate*

$100

8.00%

4-Year
Money. Market

$100

Certificate*-1-

182-Day
Money Market
Certificate*

-

$10,000

$500

to

DEPOSIT

1. Alarm (Snooze
Feature)
2. Alarm (Lighted
Dial)
3. Decorator Clock
4. Decorator Clock
5. 24-Hour Timer
6. Luminous Dial
Alarm
7. Men's Watch LED
(Gold Tone)
8. Women's Watch
LED (Chrome
Plated) ..-
9. Men's Watch. LED
(Chrome Plated)
10. Women's Watch
LED (Gold Tone)
11. Decorator Clock
12. Decorator Clock
13. Decorator Clock
14. Men's Watch
(Chrome Plated)
15. Men's Watch
(Calendar)
16. Women's Watch
(Gold Tone)
17. Women's Watch
(Chrome Plated)
18. Men's Watch LCD
(Chrome Plated)
19. Women's Watch
LCD (Chrome
Plated)
20. Men's Watch LCD
(Gold Tone)
21. Women's Watch
LCD (Gold Tone)

Effective
Annual
Rate**

Type of _
Account

Friday, July 6, 1979 17

8.24%

The interest rates
for these ac-
counts are de-
termined on the
date the account
s o pened.
965 -202ff for the
current rates.

$999

$1,000 $5,000
or
to
$4,999 More

FREE

FREE

FREE

FREE
FREE
FREE
$ 5.95

FREE
FREE
FREE
FREE

FREE
FREE
FREE
FREE

$ 5.95

FREE

FREE

$ 5.95,

FREE

FREE

$ 5.95

FREE

FREE

$ 5.95

FREE

FREE

$ 5.95
$ 8.95
$ 8.95
$ 8.95

FREE
$ 4.95
$ 4.95
$ 4.95

FREE
FREE
FREE
FREE

$ 9.95

$ 5.95

FREE

$ 9.95

$ 5.95

FREE

$ 9.95

$ 5.95

FREE

$ 9.95

$ 5.95

FREE

$24.95

$19.95

$14.95

$24.95' $19.95

$14.95

$24.95

$19.95

$14.95

$24.95

$19.95

$14.95:.

Illustrated gifts are subject to availability at time of
selection and the association's right o withdraw this
offer at any time.
All prices_phis 4% Michigan sales tax.
Only one gift per account is permitted under federal
regulations and the right to limit the total number of
gifts per person or family is reserved by the
association.
This gift offer not available in our Grand Rapids
offices.

*Federal regulations require a substantial
interest penalty for early withdrawal from
certificate savings accounts.
**Interest on all First Federal savings accounts
(except 182-Day & Four-Year Money Market
Certificates) is compounded quarterly.
1-Interest on this account is compounded
continuously.

isr First Federal Savings of Detroit

FEDERAL

Main Office: 1001 Woodward Avenue - , - Detroit, Michigan 48226, Phone: 965-1400

Branch offices throughout the Detroit Metropolitan Area.

a.

.

...1 • Me `do 7.33 i 12 SA, VII

.1.1 MIA.. II

-4,111V 12-. .e. .7 • V.

T R •

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