Friday, December 4, 1981 3 THE DETROIT JEWISH NEWS . , ..,upopppeoperppopetoouuutu.Sometoroyowuuuo,,,,,,,, - • •-• .. • • • • ...... . ............ • ... . ...... • 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. • 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 • 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. - 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 . 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. _ 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 • 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.. , Southfield • Birmingham-Bloomfield • Clawson • Detroit • East Detroit • Farmington- Farmington Hills • Oak Park • Warren-Sterling Heights r • ' _ 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 •