Friday, .0ctaber.2, 1961 3
THE DETROIT JEWISH NEWS
In 8,760 hours, you can have
a lot more money.
FSLIC
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F.8deral Smog, !..:18s; mash ord.,.
$1,000
To 54.999
8
lumber .J Os per 8-Issmus (*ler
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requianos. sessig 8.111 'so.. Is,•
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Insrt the
Sayrny.
1. Timex Alarm Clock
2. Timex 24 Hour Timer
3. Timex Alarm Clock
4. Timex Wall Clock
5:Timex . 0.6t1 Clock
6. Timex Mini Alarm
1 7. Cingens Quartz Alarm
Quartz Alarm
5.
— 9._ Timex Ladies' Sport
"iii. Tirnex Ladies' Quartz
17. Timex Ladies' Lao.
12. Timex Men's Quartz
13. Timex Men's Quartz
14. Timex Men's LC.D.
$5,000
To 99.999
$10,000
To 514.999
The All Savers Ceitificate
and T nex -plus at
am erican
. federal savings
Southfield • Birmingham-Bioornfield • Clawson • Detroit • East Detroit • Farmington
Farmington Hilts • Oak Park • Warren-Sterling Heights
515.000
Or More
----
rrt
5500
To $999
ernIcale. ea col:0mA
.1411•1.•
With a deposit to an All Savers Certi judo account, to a
new AmerAccount checking account or to a new or existing
regular savings account, you qualify or one FREE gift or
one Trade-up Discount Purchase, as oltows:
8,
Convert your 26-week Money Market
Certificate with no penalty.
If you have a Money Market Certificate with American
Federal that hasn't matured yet. the law will allow you
to transfer the funds to an American Federal All
Savers Certificate with no penalty for early withdrawal.
So. you'll have no earnings lost in moving your
money from a taxable certificate to one ;Oafs tax-free.
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GIFT SELECTION CHART
Here's how to qualify
for exciting Timex
watches, clocks, etc.
With each
additional
deposit of
5100.00.
You
oni , WY
8 8 ,8 888 8 8,888 8 88
Invest as little as $500. Get up to $2,000 in
-
tax-free interest.
The American Federal All Savers CeAlficate is a new
one-year savings certificate. It will be available as of
October 1. and will initially earn an effective annual
yield of 12.61%%11.87 annual rate). You can open
one with as little as $500. or as much as you'd like.
The first $2.000 earned in interest is tax-free for a joint
return. or $1,000 for an individual return.
If you have a Money Market Certificate
expiring somewhere else, bring your funds
to us.
You may have funds invested in a Money Market
Certificate elsewhere. When it ma ures. just collect
If you have money in money funds, you may
be better off with it here.
Depending on your tax bracket. you may be better off
with a tax-free All Savers Certificate than a taxable
money market mutual fund. Unlike your fund. the
interest rate for our Certificate is guaranteed for a full
year And its insured by the FSLIC for up to
$100.000.
Come see us soon. For taking the time to open an
American Federal All Savers Certificate. well give
a way to keep the time . .free
;11
The new American Federal- Savings All Savers
Certificates provide new and important investment
opportunities for many savers. And if.you open an All
Savers Certificate at American Federal now. well give
you a watch from our Timex-Plus collection, free or at
a very special low price (see chart below).
your principal and interest and bring it to us Well
open a tax-free All Savers Certificate for you and give
you a free Timex-Plus clock or watch.
If you convert other kinds of certificates, the
penalty may well be worth it.
You may be holding certificates other than the
26-week type matunng at longer periods of time No
matter whether they mature at 2 years. 4 years. or
whatever intervals. it may pay yOu to invest those
funds in a new All Savers Certificate. You will pay a
penalty, of course. for early withdrawal. but depending
on your particular financial situation. the tax savings
dhjoyed with an All Savers Certificate may make it
worthwhile. Stop by any American Federal Savings
office and we will be happy to explain the benefits to
you. We suggest you also discuss your plans with your
tax consultant.
8
You can get up to $2000
in tax-free interest—and a
special gift—wheh you
invest in an American
Federal Savings All
Savers Certificate