Friday, Noveskr 6, 1981 3
THE DETROIT JEWISH MEWS
In 8,760 hours, you can have
a lot more money.
4
11111
►1►►►►►►►1 1 ►►
-
If you convert other kinds of certificates, the
penalty may well be worth it.
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
•
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).
The American Federal All Savers Certificate is a new
one-year savings certificate. The current effective annual
yield is 10.77% (10.228 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 $1.060 for
an individual return.
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 Carly withdrawal.
So, you'll have no earnings lost in moving your
money from a taxable certificate to one that's tax-free.
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 it's 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. we'll 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
Inve
. st as little as $500. Get up to $2,000 in
tax-free interest.
your principal and interest and bring it to us. We'll
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 the 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.
regulanon reguaL, a subPannal
ix , t for early orandraoal and
Irns .4 lax evmrmn lrr early oarhdraool
or pldge, of any grenon the
reedearry a collareral
16V1.•81•
FSLIC
V.... San,. Y.... so $1,6101
Federal regolanons permit
one free
rah per acroun ■ Panencen am
F edkTal
havarg, mom,' nghr to Dna the
number or its per cusromer (Met is
good through December IM 19ril. or
orhav supply lasts Clocks and oarches are
warranted agaalsr &teas en manufacture
by Ow manulacturer nor American
Federal saving Sorry. no 111.1 order.
GIFT SELECTION CHART
Here's how to qualify
for exciting Timex
watches, clocks, etc.
1. Timex Alarm Clock
2. Timex 24 Hour Timer
3. Timex Alarm Clock
4. Timex Wall Clock
5. Timex Wall Clock
13. Timex Mini Alarm -
7.
Ouartz Alarm
8. Citizens Quartz Alarm
9. Timex Ladies' Sport
10. Timex Ladies' Quartz
11. Timex Ladies' LCD.
12. Timex Men's Quartz
13. Timex Melt's Quartz
14. Timex Men's LC.D.
With a deposit to an All Sayers Certi icate 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 follows:
$500
$10 00
To $4,999
To $999
FREE ____ FREE
FREE
FREE
FREE
S 4.00
FREE
$ 8.00
S 5.00
S 8.00
$10.00
$13.00
$17.00
$20.00
$17.00
$20.00
$19.00
$22.00
$19.00
$21.-
e
$19.00
$22.00
$19.00
$2203
$19.00.
- $22.00
$19.00
$22.00 .
Farmington Hills • Oak Park • Warren-Sterling Heights
mom.
rov
$15,000 an t,. pay
$10,000
$5,000
''
To $14,999
Or More
To $9,999
t.0 :___
___
:
E R E E _ li
F
FREE _ FREE
FREE
FREE
FREE
FREE
$ 7.00
S 7.00
$12.00
$1203
$12.00
$12.00
$12.00
S12.00
FREE
FREE
FREE
FREE
FREE
FREE
$ 760
$ 7.00
S 7.00
S 7.00
$ 7.00
S 7.00
The All Saver. s- Certificate
and Timex-plus at
american federal savings
SOuththeld • Birmingham-Bloomfield • Clawson • Detroit • East Detroit • Farmington-
With each
additional
deposit of
FREE
FREE
_ FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
S 8.00
$10.1313
$12.00
$17.00
522.00
$2200
$24.00
$2490
$24.00-
$24.00 -
$24.00
$24.00