3

Friday, October 30, 1981

THE DETROIT JEVIISH_NEWS

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

•

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. we'll give
you a watch from our Timex-Plus collection. free or at
a very special low price (see chart below).

5500
To $999

$5,000
To $9,999

S1,000
To 54.999
FREE
FREE -
FREE _.
._
_
FREE
S 5.00

$10,000
To $14,999

T _ he-All Savers Cet- ificate
and Tin4ex-plus at
a nierw an federal savings

Sos.hfield • Birmingham-Bloomfield • ,Dawson • Detroit • East Detroit • Farmington-
,
Farmington Hills • Oak' Park • Warren-Sterling Heights

515.000
Or More

ElfE E TWE

„,w 88 818 8 8 88

8 28

;

gi

by

-

1. Timex Alarm Clock
Hour Timer
_ 2 Timex
3. Timex Alarm Clock
4. Timex Wall Clock
— 5. Time: Wall Clock
6. Timex Mini Alarm --
T.Citizens Quarta-Alarm
& Citizens Quartz Alarm
9. Timex Ladies' _ Sport
10. Timex Ladies' Quartz
11. Timex Ladies' LCD.
il Timex Men's Quartz
13. Timex Men's Quartz
14. Timex Men's LC D.

8888 888 8 ,8

sire coo

ederal regallnrorc perind cmly
her
gtb per arsuunt Amerrom Federal
Sumo rem... Me raAhr u, lima the
umber ol girs per cu,tomer OH,
g,..1 through II•cemher Is 1`1.1 .•
•uPPI, Limn Cl.wks. and ...the, ewe
aganu memulnoure
by the reumulaenuer nor b.: Amerrcan
redeml Saving, sera. tr. nail orders

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 quality or one FREE gift or
one Trade-up Discount Purchase, as follows:

With each
additional
deposit of
5100.00.
you pay
,.,i,

77-177— I

FSLIC

GIFT SELECTION CHART'

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

81 $8t , $ a
;:; 8 , $'$00
: F4A aula

■ 111.•••• ■

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
$1()0.(X00.
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.

IUU M

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 that's tax-free.

ederni reyulant•I ...our, • ...utvaot.1
Imer,a penalty for rah. wertharmkel and
rnx esemptum lor end, ulthrire....i.
pirripny am. Pin.v, 14 the
cernf ra, so cameral

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.

w . .8 818

Invest as little as $500. Get up to $2,000 in
tax-free interest.
-
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
in interest is tax-free for a joint return, or $1.000 for
an individual return.

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 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..
If you have a Money Market Certificate
expiring somewhere else, bring your funds
to us.
You may have funds invested in a Money Market
Certifi6te elsewhere. When it matures. just collect

•
" """""
gigg aiR41M;
•

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