Friday, December 4, 1981 3
THE DETROIT JEWISH NEWS
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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
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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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).
You may have funds invested in a Money Market
Certificate elsewhere. When it matures. just collect
The American Federal All Savers Certificate is a new
one-year savings certificate. The current effective annual
yield is 8.340% (8.010 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 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
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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
$1'60,000.
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.
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Invest as little as $500. Get up to $2,000 in
tax-free interest.
Convert your 26-week Money Market
Certificate with no penalty.
your principal.and interest and bring it to us. We'll
open a tax-free All Savers Certificate for you and give
ybu a free Timex-Plus clock or watch.
Federal regulation requires a substantial
interest penalty for early withdrawal. and
loss of tax exemption for early withdrawal
or pledging of any portion of the
certificates as collateral.
FSLIC
MEMBER
NON ei Savoys I La. Insurpnce Cop
Your Sawing. Insuord
l0
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1100000
Federal regulations permit only one free
gift per account. American Federal
Savings reserves the right to limit the
number of gifts per customer. Offer is
good. through December 18. 1281. or
while supply fasts. Clocks and watches are
warranted against defects in manufacture
by the manufacturer. not by American
Federal Savings. Sorry.no.mail orders
Here's how to qualify
for exciting Timex
watches, clocks, etc.
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GIFT SELECTION CHART
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 or one FREE gift or
one Trade-up Discount Purchase, as follows:
$500
To $999
1. Timex Alain Clock
2. Timex 24 Hour Timer -
3. Timex Alarm Clock'
4. Timex Wall Clock '
5. Timex Wall Clock .
6. Timex Mini Alarm
7. Citizens Quartz Alarm
8. Citizens Quartz Alarm '
9. Timex Ladies' Sport
10. Timex Ladies' Martz
11. Timex Ladies' L.C.P.
12. Timex•Men's Quartz
13. Timex Men's Quartz
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14. Timex Men's LCD:
FREE
FREE
$ 4.00'
$ 6.00
$ '8.00
$13.00
$20.00
$20.00
$22.00
$22.00
$22.00
$22.00
$22.00
$22.00
$1,000
To $4,999
$5,000
To $9,999
FREE
FREE
• FREE
-FREE
FREE
FREE
FREE
• FREE
FREE
$ 5.00
FREE •
$10.00 -
$17.00
• $ 7.00
$ 7.00
$17.00
$12.0
$19.00
$19.00
$12.00
$12.00.,
$19.00
$19.00
$1200
$19.00 •
$12.00
$19.00
, $12.00
.
$10,000
To $14,999
$15,000
Or More
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
$ 7.00
$ 7.00
$ 7.00
$ 7.00
$ 7.00
$ 7.00
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
TheAll Savers Cettificate
and Timox-plug at
mentan federal. -savings..
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Southfield • Birmingham-Bloomfield • Clawson • Detroit • East Detroit • Farmington-
Farmington Hills • Oak Park • Warren-Sterling Heights
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With each
additional
deposit of
$100.00,
you pay
$ 7.00
$ 7.00
$ 8.00
$10.00
$12.00
$17.00
$22.00
$22.00
$24.00
$24.00
$24.00
$24.00 .
$24.00
$24.00
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