Or, Liquid Rock Solid Platinum Plus Cheddng 18-Month IRA 6.6 6,0 • 8 APY APY You win both ways Or, Stay Liquid Lock It In Here's a yield you can't pass up if you're shopping for a IRA. • Top yield. short term • Lets you plan for the future • S250 minimum deposit • FDIC insured Take advantage of the great Yield on our Platinum Plus Checking. • Additional 1/4% interest on CDs/IRAs • 25% annual discount on Safe Deposit Box • No printing charge for account checks Metrobank 4,7950 West Maple Rd. West Bloomfield, MI 48322 (810) 960-6060 Member FDIC 33205 Grand River Avenue 37000 Grand River Avenue, Suite 100 Farmington, MI 48336 Farmington Hills, MI 48335 (810) 474-6400 (810) 474-6400 27500 Farmington Rd. Farmington Hills, MI 4833 (810) 474-6400 Platinum Plus Checking account requires a $2,500 minimum opening deposit $10.00 per month service charge on accounts not meeting monthly balance requirements; Annual Percentage Yield (APY) shown is for a minimum deposit $2,500. The minimum opening deposit for IRA is $250, penalty for early withdrawal; the APY shown is for a minimum deposit of $250. APYs offered as of 01/13/95 end are subject to change without notice. MEMOS page 59 p.m., Monday, Feb. 6, in Birm- ingham. Rick Bloom, an estate planning attorney, CPA and ra- dio talk show host, will be the guest speaker. Reservations are required. To register, call (810) 643-9500. WORKSHOPS for small busi- ness owners and managers have been scheduled by the Business Development Center (BEDC) in Troy. They include how to write a business plan (Wednesday, Feb. 8), financing your business (Thursday, Feb. 16), export train- ing (Thursday, Feb. 23) and how to develop a marketing and com- munications plan (Tuesday, Feb. 28). Computer training also is available. All the courses will be held at the BEDC offices. To register or for further information, call the BEDC, (810) 952-5200. AN OVERVIEW of the QS 9000 standards will be presented at the next monthly Manufacturers Breakfast Seminar Series meet- ing. The meeting will be held from 7:30-9:30 a.m. Thursday, Feb. 9, in the Advanced Technology Cen- ter on the Auburn Hills campus of Oakland Community College. OCC's Manufacturing and Tech- nological Services Platform and the Midwest Manufacturing Technology Center are present- ing the series. To register for the Feb. 9 meet- ing and for further information, call (800) 292-4484, Ext. 4107. The subjects are products lia- bility law in Michigan (Thursday, Feb. 9, at the Radisson Plaza in Southfield), how to obtain re- search & SBIR funding (Tuesday, Feb. 14, in East Lansing), the im- portance of partnering for tech- nology companies (Tuesday, Feb. 21, in Ann Arbor) and challenges in plastics processing (Wednes- day, Feb. 23, in Grand Rapids). To register for the seminars, call MTC, (313) 936-2746. AN INTERACTIVE education- al seminar on how to maximize profits while minimizing over- head will be held from 8:30 a.m. to noon Wednesday, Feb. 15, in the Builders Association of South- eastern Michigan (BASM) head- quarters in Farmington Hills. NCI Associates of Madison Heights will present the seminar. For registration information, call BASM, (810) 737-4477. PRACTICAL ADVICE for the expert witness will be offered at an American Society of Apprais- ers meeting at 6:30 p.m., Mon- day, Feb. 20, at the Troy Marriott. Guests speakers will be David Berry and Robert Norton, attor- neys at the law firm of Butzel Long. For meeting reservations, call Kurschat & Company, (810) 816-9166. AN INVESTMENT outlook for 1995 will be presented by Charles Ammerman of Paine Webber at an International Association for Financial Planning breakfast club meeting Wednesday, Feb. MICHIGAN TECHNOLOGY 22, at the Skyline Club in South- Council (MTC) is presenting four field. For reservations, c211 Nancy Simon, (810) 643-9315. seminars in February. Interest Rates Remain At 17 Percent Last call... All Fall and Winter Shoes and Boots $44.90 or Less Friday, January 21st 10 a.m. - 6 p.m. *Anne Klein * Via Spiga 80 Saturday, January 22nd 10 a.m. - 6 p.m. * Sacha of London * Donald Pliner and more! The Boardwalk • W. Bloomfield • 737-9059 Bank of Israel Governor Jacob Frenkel stood his ground and decided to leave interest rates unchanged at 17 percent this month, despite strong pressure from Finance Minister Avraham Shohat and the private sector to lower rates. Mr. Frenkel said interest rates would go down in the coming months should there be clear signs that inflation is moderat- ing. "Lowering interest rates to- day could be understood as a premature declaration of victory over our foe inflation, and, as a result, it could weaken the de- termination to fight inflation," Mr. Frenkel said. Mr. Shohat said the central bank's decision was a mistake. "There-were good economic justifications for lowering rates," Mr. Shohat said. "There are real signs that the Bank of Israel's policy of monetary re- straint has begun to bear fruit." There are still some pockets of worry, according to Mr. Frenkel. Wholesale price rises accelerated from October through December. Housing prices picked up in De- cember after moderating some- what in the previous two months. The governor rejected the call for a symbolic rate cut, saying the central bank would only be ready to send such signals if they were backed up by concrete steps such as significant government spend- ing cuts and tax burden reduc- tions. The government must force the Bank of Israel to lower inter- est rates to prevent a recession, said Dan Propper, president of the Israel Manufacturers Asso- ciation. Mr. Propper said it is impos- sible to have high real interest rates of 10 percent and even 20 INTEREST RATES page 62