ftWay; $1ana44 3311
IRE DETROIT; JEWISH NEWS
In 8,760 hours, you can have
a lot more money.
1 1111 11 11 11'
And'well even give you
away to count the hours.
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
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
- 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
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
The American Federal All Savers Certificate is a new
one-year savings certificate. The current effective annual
yield is 10.77% 410.228 annual rate) continuously
compounded. Ypu 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 with Ainerican
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.
you a free Timex-Plus clock or watch.
If you have money in money funds, you may
be better off with it here.
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
The new American Federal Savings All Savers
Certificates provide new and important investment
opportunities for many savers. And if you open an Ail
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 (sge chart below).
Convert your 26-week Money Market
Certificate with no penalty.
your principal and interest and bring it to us. Well
open a tax-free All Savers Certificate for you and give
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
Fedeial reguLanon requves substantral
MUNK! penalty for early wandrawaf and
loss al tan exemplum ft* earl, wthdrawal •
cc pledgmg of any porton of the
cemlIcates m co/lateral
On....• “,11117 IWO
Federal regulabons pxmo only one free
gift per account. Any can Federal
Savtngs reserves the nght Irma the
numb, of OS per rustorner Off, es
good through December IS 1981. or
whale supply Pests Clocks and watches or
warranted agamst defects m manufacture
by the manufacturer na Asrumcan
Federal Sasvuis Som, no mad ord.:,
GIFT SELECTION CHART
Here's how to qualify
for exciting Timex
watches, clocks, etc.
1. Timex Alarm Clock
2. Timex 241.1our Tinier
3.Timex Alarm Clock
Timex Wall Clock
-- "ir. -
5. Timex Wall Clock
6. Timex Mini Alarm
7.Citizens Quartz Alarm(
8. Citizens Quartz Alarm
9. Timex Ladies Sport
11. Timex Ladies' LC.13.
12 Timex Men's Quartz
.-13. Timex Men's Quartz
With a deposit to an All Savers Certitcate 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
S 8.00 $ 5.00
S _ 7.00
The All Savers Certificate
and Timex-plus at -
American federal savings
Southfield • Birmingham-Bloomfield • Clawson • Detroit • Fag 0..irrou • Farmington
Farmington I-fills • Oak Park • Warren Sterling Heights