THE DETROIT JEWISH NEWS
Friday, December 11, 1980 19
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
if Detroit will begin offering a new con-
cept 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
-- "-"'4 before. It will pay
you interest like a savings account-5 1/4%
per year, compounded continuously and
paid monthly. Even when you write a
check, the amount of that check keeps
earning interest until the day the check
is deducted from your account.
you from the
inconvenience
of accidentally v.--
overdrawing
the account.
It provides elmolimile s
PROTECTION
you with
peace of ""Iltr-Nw,77
mind. Be sure
to apply separately for this service. When
accepted, you'll have a pre-approved line
of credit available.
e■
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,
41 0.16:-)
.
there is no -
monthly serv-
ice charge. First Federal's low minimum
balance requirement frees up more of
your money for other needs.
You can sign up for
your account
rig ht now with
_
a minimum
4:
56tee4; . „.1.: deposit of
$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 5 1/4% annual interest, corn-
pounded continuously and paid monthly,
the highest annual rate allowed by law
on interest-earning checking accounts.
This optional feature of your interest-
earning checking account helps protect
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 lou
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
r
balance, offers over-
draft protection
and 50 free
checks. And
of course,
each month
we will return
your cancelled
checks along with
your detailed
statement. Apply
for your account by sending in the
coupon below. 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.
-
...
INTEREST ON CHECKING BEGINS HERE.
l/We wish to apply for a First Federal interest-
earning checking account in the names) 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
M
(First Name)
(initial)
ftast Name)
Address
City
(Four Signature
Zip
State
Social Security Number
(Co-Owner s Signature if Joint Acc).- - , unt
Home Telephone
if yOU wish to open a joint account, please give
name with middle initial.
M
L
(First Name)
unrtial
Mail or bring this application to your nearest
First Federal office
(Last Name'
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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