THE DETROIT JEWISH NEWS
1
Friday, August 3, 19791
S.
Save now and enjoy a timely gift.
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's and men's watches. It's our way
of introducing some great new savings
account features.
And the penalty for earl), withdrawal
has 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 5 1/2% 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%.
Type of
Account
Minimum
Amount
Annual
Rate
Effective
Annual
Rate**
Regular
(Daily Interest)
Minimum
No
5.50%
5.61%
One-Year
Certificate*
$100
6.50%
6.66%
21/2-Year
Certificate*
$100
6.75%
6.92%
$100
7.50%
7.71%
4-Year
Certificate*
-
6-Year
Certificate*
$100
7.75%
7.98%
8-Year
Certificate*
$100
8.00%
8.24%
4 Year
Money Market
Certificate 1
-
. $100
- -
182 Day
Money Market
Certificate*
-
$10,000
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)
The interest rates
for these ac-
counts are de-
termined on the
date the account
is opened. Call
965 2020 for the
current rates.
-
$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 o availability at time of
selection and the association's right to withdraw this
otter at any time.
All prices plus 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.
*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.
tinterest on this account is compounded
continuously._
FEDERAL
$500
to
$999
This gift offer not available in our Grand Rapids
offices.
FIRST FEDERAL SAVINGS OF DETROIT
Main Office: 1001 Woodward Avenue, Detroit, Michigan 48226. Phone: (313)M965-1400.
Branch offices throughout the Detroit Metropolitan Area.