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November 07, 1980 - Image 21

Resource type:
Text
Publication:
The Detroit Jewish News, 1980-11-07

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

THE DETROIT JEWISH NEWS

Friday, November 7, 1980 21

INTRODUCING THE CHECKING
ACCOUNT THAT PA INTEREST

On December 31, your present checking
account at your bank becomes obsolete.
Because on that day First Federal Savings
of Detroit will begin offering a new con-
.ept in money management—the First
Federal interest- earning
checking account.

You'll use this new
type of account
like any traditional
checking account.
But it will do some-
thing no checking
account ever did
• before. It will pay
you interest like a savings account-5 1/4%
per year, daily interest, paid and com-
pounded quarterly. Even when you write
a check, the amount of that check keeps
earning interest until the day the check is
deducted from your account.

Your First Federal interest-earning check-
ing account will require a low minimum
balance of just
$300. And as
long as you
maintain
this bal-
ance,
there is no
monthly serv-
ice charge. First Federal's low minimum
balance requirement-frees up more of
your money for other needs.

This optional feature of your interest-
earning checking account helps protect



you from the
inconvenience
of accidentally
overdrawing
the account.
.11.111111111.11.1.
It provides 4 1.111.111.1111.11111
C®61
PR
you with
peace of
mind. Be sure
to apply separately for this service. When
accepted, you'll have a pre-approved line
of credit available.
n-rr

You can sign up for
your account
right now with
a minimum
----
deposit of
Tw eitte.44;
$300. For
making this
early deposit,
you'll be
entitled to 50 free personalized checks
which will be sent to you after December
30, 1980. In addition, we'll put that de-
- posit in a regular savings account until
December 31, 1980,earning 5 1/2% per year,
daily interest. On that date we'll auto-
matically convert your account to an
interest-earning checking account. And
you'll be able to start writing checks and
earning 51/4% annual interest, the highest
annual rate allowed by law on interest- .
earning checking accounts.



:•• ••••:-*• •>•:•:•••!** A

First Federal's more than 60 offices mean
you can have your interest-earning
checking account close to where you live,
work, or shop—whichever is most con-

venient for you.
Adding to this
convenience are
15 Night Owl
Windows
(our 24-hour
automatic teller
machines) in key offices.
With them you can transact
almost all your First Federal
business any time of the day or night,
seven days a week.
It all adds up—a checking account that
pays interest, requires a low minimum
balance, offers overdraft protection and
50 free checks. And, of course, each -
month we will return your cancelled

r

checks along with your
detailed state-
ment. Apply
for your
account by
sending in the
couponbelow.
Or visit any office
of First Federal
Savings of Detroit.
Your Center for
Family Financial Matters.
Under Federal law, interest-earning
checking accounts cannot be used until
December-31, 1980. This service is available
for individuals, single proprietorships,
and some nonprofit organizations.

INTEREST ON CHECKING BEGINS HERE.

I/We wish to apply for a First Federal interest-
earning checking account in the name(s) listed
below. I have enclosed S
to start my account. (Minimum S300).

Also, please send me an application for:

Overdraft
Protection

Prestige Card for
Night Owl Window Service

(Last Name)

(First Name)

Address

I
I

City

(YOur Signature!

Zip

State

Social Security Number

(Co-owners Signature If Joint Account)

I

Home Telephone

If you wish to open a joint account, please give
name with middle initial.

L

(First Name'

Mail or bring this application to your nearest
First Federal office

(Last Name)

1

INTEREST-
EARNING
CHECKING
ACCOUNT

FIRST FEDERAL SAVINGS OF DETROIT

Main Office: 1001 Woodward Avenue, Detroit, Michigan 48226. Phone: (313) 965-1400."

Branch offices throughout the Detroit Metropolitan Area.

_

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