THE DETROIT JEWISH NEWS
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).
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 Raoingc 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.
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.
If you convert other kinds of certificates, the
penalty may well be worth it.
Friday, December 25, 1981 3
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 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 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
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.
.
MEMBER
FSLIC
F.... s......,
Loan ....arc. Corp
You, Saywps Insured to 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. 1981. or
while supply lasts Clocks and watches are
warranted against defects in manufacture
by the manufacturer. not by American
Federal Savings. Sorry. no mail orders
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
6. Timex Mini Alarm
7. Citizens Quartz Alarm
8. Citizens Quartz Alarm
9. Timex Ladies' Sport
10. Timex Ladies' Quartz
11. Timex Ladies' L.C.D.
12. Timex Men's Quartz
13. Timex Men's Quartz
14. Timex Men's L.C.D.
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 ,
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
FREE
FREE
FREE
FREE
$ 5.00
$10.00
$17.00
$17.00
$19.00
$19.00
$19.00
' $19.00
$19.00
$19.00
$5,000
To $9,999
FREE
FREE
FREE
FREE
FREE
FREE
$ 7.00
$ 7.00
$12.00
$12.00
$12.00
$12.00
$12.00
$12.00
$10,000
To $14,999
_FREE
FREE
FREE
FREE
_FREE
FREE
FREE
FREE
$ 7.00
$ 7.00
$ 7.00
$ 7.00
$ 7.00
$ 7.00
eAll:SaversCertificote
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americAnfederalsavings
southimd •
Birmingham Blooinfield • Clawson •-Detroit • East Detroit • Farmington-
Farmington Hills • Oak Park • Warren-Sterling Heights ,
-
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$15,000
Or More
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE •
_ FREE
FREE
FREE
FREE
FREE
With each
additional
deposit of
$100.00,
you pay
only:
$ 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