First
Rate
Rates.
As a financial planner.
I've found that one of
the smartest money
moves you can make is
to invest in a certificate
of deposit from First
Security Savings Bank.
Not only will you get
some of the best CD
rates in town. but you'll
also receive personal
service from knowledge-
able representatives
ready to make your
money work harder
for you. -
GIVE Us A CALL.
Jack Slocum
JACK A. SLOCUM has been
WHEY IT COMB
named the manager of Madison
National Bank's new office in
Farmington Hills. He also is a
company assistant vice president.
A Waterford resident, Mr.
Slocum has more than 10 years
of banking experience.
BODY
DAMAGE,
NOBODY CAN
MATCH OUR SERVICE.
DAVID M. LAWSON of
Birmingham has joined the Hill
Lewis law firm, working out of
the Birmingham office. Mr. Law-
son has served as lead counsel in
several significant trial and ap-
pellate matters.
❑
Lower Rates Urged
Industrialists called on the Bank
of Israel to lower interest rates
by 1 percent as the central bank
continued hinting it might raise
rates to curb inflation.
The 1 percent jump in
March's Consumer Price Index
has made the business commu-
nity jittery that the Bank of Is-
rael will react by raising interest
rates next month.
Manufacturers Association
President Dan Propper called on
the central bank to lower inter-
est rates by 1 percent.
Mr. Propper said high rates
are a threat to the economy.
"We are demanding lower in-
terest rates because high rates
immediately slow down the
economy, stop growth and con-
tribute to higher unemploy-
ment, a thing which we don't
need," he said.
Mr. Propper said high rates
have caused the shekel to be
overvalued against foreign cur-
rencies by about 2.5 percent,
which has eroded exports and
toughened competition against
undervalued imports.
The Bank of Israel issued an
official response to Mr. Propper's
statement, defending its
tight monetary policy and at-
tacking its detractors' narrow
interests.
The statement emphasized
the importance of curbing infla-
tion and stabilizing the econo-
my to achieve long-lasting
economic growth. ❑
1 2 MONTH
CERTIFICATE
3.50%
To Auro
Interest Rate
3.55%
ecPRINJE,1\
A. P. Y.
N C ORPOR A T ED
South field
356-6888
FIRST SECURITy
SAVINCIS BANk
Fine Judaica.
One-Of-A-Kind
Creations At
TRADITION!
TRADITION!
"First in Service'
Call 338-7700 or 352-7700
Main Office
2600 Telegraph Rd.
Bloomfield Hills. MI 48302
HOURS: Monday-Thursday 9:30-4:30. Friday 9:30-6:00
Call
*Annual percentage yield when compounded quarterly. Rate is accurate as of Friday.
April 29, 1994. Penalty for early withdrawal from certificate accounts may be assessed.
These are fixed rate certificates of deposit that are insured by the Federal Deposit
Insurance Corporation (FDIC). A minimum opening deposit and balance of $500 is required
to obtain the stated A.P.Y.
Alicia R. Nelson
557-0109
For An
Appointment
OSCAR
BRAUN'S PEN
LINCOLN TOWERS SUITE
968-5858
111
15075 W. Lincoln (10 1 /2 MILE) Mon. thru Fri. 10-4
One Block East of Greenfield
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L'ail2r6
Bloomfield Hills • 642-3034
SERVICE OPEN 7 AM to MIDNIGHT
Providing the Best
Prices and Service
in Oakland County!
— please call —
MONDAY - FRIDAY
southfiEld
DAVID BIBER
541-4133 • (810) 656-9500 Crestview Cadillac
CHRYSLER
Ply ;mull,
Jeep
Eagle
28100 Telegraph Rd.-Telegraph at 11 1/2 Mile
At Tel-Twelve Mall, South End
Southfield • 354-2950
We Accept
MI:
J
Personal Checks & Cash
65