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Friday, October 16, 1961 3

THE DETROIT JEWISH NEWS

In 8,760 hours, you can have
a lot more money.

If you convert othei kinds of certificates, the
penalty may well be worth it.

S10,000
To S14299

With each)
additional
deposit of
S100.00.
you par

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Southfield • Birmingham-Bloomfield • Clawson • Detroit • Las11)etrolt • Farmington
Farmington Hills • Oak Park • Warren-SterlIng HeGhts

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The All Savers Certificate
an Timex-plus at
a merit ca n federal savings

515.000
Or More

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FSLIC

••••■• ■••■••■• ••■■••••

55,000
To $9.999

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51.000
To $4,999

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$500
To $999

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If you haw: a Mon.; Market Certificate with American
Federal that hasot ?natured yet. the law will allow ,..ou
to transter the funds to on American Federal All
Savers f :ertificate with no, penalty for early withdrawal.
So. •cult have no earnings lost in moving your
money !rim a taxable certificate to .,rte that s tax-tree.

With a deposit to an All Savers Certi icate account, to a
new AmerAccount checking account or to a new or existing
regular savings account, you qualify for one FREE gilt or
one Trade-up Discount Purchase, as follows:

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Convert your 26-week Money Market
Certificate with no penalty.

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GIFT SELECTION CHART

Here's - how to qualify
for exciting Timex
watches, clocks, etc.

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The American Federal All Savers Certificate is a new
one-year savings certificate. The current effective annual
yield is 12.14% (11.459 annual rate) continuously
compounded. You can open one with as little as
$500. or as much as you'd like The first $2,000 earned
II interest iS tax-free for a joint return, or $1.000 for
an individual tetum

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
$100.0(X).
Come see us soon. For taking the time to open an
American Federal All Savers Certificate. well give you
a way to keep the time .free.

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 matures, just collect

Invest as little as $500. Get up to $2,000 in

tax-free interest.

If you have money in money funds, you may
be better off with it here.

8.8

The new American Federal Savings All Savers
Certificates provide new and important investment
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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

You may be holding certificates other than the
26-week type maturing 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
enjoyed 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.

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You can get up to $2000
in tax-free interest—and a
special gift—when you
invest in an American
Federal Savings All
Savers Certificate

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