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January 07, 1983 - Image 13

Resource type:
Text
Publication:
The Detroit Jewish News, 1983-01-07

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE DETROIT JEWISH NEWS

Comp.are..the
Metropolitan IDA with 10 of
the top mon e y funds:

Compare the yield, security, convenience, easy access and free checking of Metropolitan
Savings' Insured Daily Assets (IDA) account with ten of the largest money market funds.

Average yield
for seven days*

Investment
METROPOLITAN IDA RATE
Merrill Lynch Ready Assets
Merrill Lynch CMA Money Fund
Paine Webber Cash Fund
Shearson Amex Daily Dividend, Inc.
Daily Cash Accumulation
HARP U.S. Govt. M.M.T.
Fidelity Daily Income
Merrill Lynch Government
Merrill Lynch CMA Govt. Securities
Shearson Amex Govt. & Agencies

10 6%
7.0%
7.O%
8.3%
8 ■ 6%
8.0%
8.2%
8 6%
7.7%
6 ■ 8%
8■ 3%

.

High yields

You can open your Metropolitan IDA with as little as $2500. Maintain a minimum balance of
$2500 in your IDA and earn high money market rates, compounded each month. Your yield will
change weekly and reflect current money market conditions. If your minimum balance drops
below $2500, you'll still earn the 51/4% MetroCheck rate.
Security

Chances are, your investment in a brokerage fund is uninsured. Your Metropolitan Insured Daily
Assets account is fully insured to $100,000 by the FSLIC.
Convenience

We're right in your neighborhood. Any individual or business can open an IDA at any of
Metropolitan's convenient offices. You can deposit any amount as often as you wish.
Easy access

There are several ways you may withdraw your funds. You may get same-day access to your
money (subject to normal'verification, of course) at any Metropolitan office. Or you may write
up to 3 checks per month on your IDA account.

In addition, you can telephone transfer funds or authorize automatic transfers between your IDA
and your 51/4% MetroCheck account. Please contact your nearest Metropolitan office for full
details.
Free checking

When you open your individual IDA, you'll also receive a service charge-free checking account
(for individuals only). And remember, you can transfer funds to your 51/4% MetroCheck account
and write as many MetroChecks as you wish.
, -
Visit your neighborhood Metropolitan office for full details on the Insured Daily Assets account.
You'll find Metropolitan people ready to welcome you back to where you belong.

*7-day average yield for money market funds as reported by Donoghue's Money Fund Report. Yields represent
annualized total return for past 7-day period ending 12/29/82 Past returns not necessarily indicative of future yields.

• •

METROPOLITAN SAVINGS
Your Personal Financial Center

Farmington Hills 31550 Northwestern 851-0708 • Utica 45676 Van Dyke Road 731-4500
Dearborn 13007 West Warren / 584-7650 • Beverly Hills-Birmingham 32800 Southfield / 644-0440
Oak Park-Huntington Woods 25555 Coolidge / 547-6400 • Southfield, Tel-Twelve Mall 28658 Telegraph / 358-4511
Northwest Detroit 19830 West Seven Mile Road 1537-3400 • Downtown Detroit 139 Cadillac Square 963-7600
Northland 22180 Greenfield / 968-3000 • Shelby 51111 Van Dyke Road ' 739-7200
Avon, Great Oaks Mall 1266 Walton Blvd. / 656-1040

Member FSLIC

c 1982. Metropolitan Savings Association

r =

Friday, January 1 ip83 13

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